Bloomberg has made a strategic investment in London-based Insightful Technology, parent company of the trade surveillance solution Soteria Integrated Compliance.
The collaboration will integrate Soteria with the existing Bloomberg Compliance Solutions — including compliance system Bloomberg Vault, among other real-time Bloomberg surveillance systems and preventative controls.
The partnership will advance Bloomberg’s surveillance, trade reconstruction, and behavioural analytics capabilities across more than 120 e-comms, voice, video, mobile, and trade channels. It will also offer additional AI-based voice surveillance, trade reconstruction, case management, and behavioural analytics capabilities by utilising Insightful’s advanced data models, risk profiles, and voice transcription and translation capabilities of over 70 languages and dialects.
“The focus of the Bloomberg Compliance Solutions team remains on innovation and growth of our offerings and Soteria is a natural complement to Bloomberg Vault for e-communications archival and the real-time Bloomberg Surveillance offering,” said Nader Shwayhat, global head, compliance, voice, and directory solutions at Bloomberg.
“We are excited to bring to our clients the advanced, combined capabilities our integration now offers and look forward to pushing the boundaries of what our firms can accomplish together.”