Tel Aviv and London (August 16, 2021) – Specialist RegTech provider Shield is proud to announce its platform has won the ‘Best Complete Communications Compliance Platform 2021’ category in the Wealth & Finance International FinTech Awards.
Upon announcing Shield as the winner, a statement from an award spokesperson said, “This is a well-deserved achievement and I’d like to pass on my warmest congratulations! After a tough year, it is a testament to your perseverance and dedication to have triumphed despite the many difficulties and pressures brought on by the pandemic, and we at Wealth & Finance are delighted to have been able to recognise your unique contribution to the FinTech industry.”
The award recognises that Shield has set a new level of expectation by creating the world’s only truly end -to-end communications compliance platform. The award entry also highlighted that Shield’s fully automated next-generation platform meets all the demands of the compliance officer, helping to ensure the integrity of the business and trust of customers and regulators in a rapidly evolving post-Covid world, whilst also turning compliance into a competitive advantage.
The judges were impressed by the Shield platform’s automation and orchestration of the complete communications compliance lifecycle – delivering all elements of capture, correlation, data enrichment, analytics, proactive and preventive detection. Shield’s solution empowers numerous functions within regulated organizations, from departments such as surveillance and monitoring, risk, and governance, forensic and control, all the way through to conduct and management.
Reflecting upon the win, a spokesperson at Shield added, “We are proud to have been recognised in this year’s award. Our team completely understands the daily struggles of the compliance team, from top to bottom, and we have created the most cost-effective, super-smart, and shockingly efficient solution. We believe the Shield platform truly stands out as the best complete communications compliance platform choice on the market and this award is a clear endorsement of this.”
Shield and its platform have won numerous awards, recently including ‘Most innovative unstructured data management project’ in the A-Team Innovation Awards 2021. The company has also been named on The Financial Technologist ‘Most Influential Financial Technology Companies 2021’ list, the third time in a row that it has been recognised.
Shield automates and orchestrates the complete communications compliance lifecycle, delivering all elements of capture, correlation, data enrichment, analytics, proactive and preventative detection. Featuring two distinct functions – Compliance Data Management and Proactive Surveillance – Shield’s solution empowers numerous functions within regulated organisations, from departments such as surveillance and monitoring, risk and governance, forensic and control, all the way through to conduct and management.
A truly open platform, Shield was built to put an end to compliance data silos and complicated proprietary platforms. Our open integration approach enables an organisation to connect to a wide range of electronic communications platforms through our library of pre-integrated connectors, whilst we normalize, enrich the data, and allow for connectivity to other platforms as well.
By harnessing the power of AI, Shield’s platform utilises its non-disruptive technology and unique capabilities, including FCR (Financial Context Recognition), Alert Scoring, and NLP. It is also a Cross Regulation Platform, enabling regulated firms to meet different regulatory use cases and objectives such as: record keeping and retention, completeness and reconciliation, eDiscovery and advanced search, investigations, and surveillance.