“Securotek”
Enterprise/Compliance is a MiFID II compliant solution for businesses with a
compliance server. MiFID II requires recording of telephone conversations and
to keep a copy of electronic
communications. Fixed line recording is in place with many firms; yet, there is no solution for smartphones. “Securotek” is the
solution for SME and Enterprises to record the full communication from Mobile
devices running IOS or Android Operating System, in compliance to EU
regulation.
We enable MiFID
II compliant recording of secure voice, text, and document communication making
employees’ smartphones safely available for customer Interaction. We enable
high quality, secure communication for end users and bring back lost privacy to
their smartphones with our patented face recognition. We enable safe and secure
communication for your firm and protect you from espionage, data theft, fraud,
and hacking
MiFID II is a legislative framework instituted by the
European Union (EU) to regulate financial markets in the block and improve
protections for investors. Its aim is to standardize practices across the EU
and restore confidence in the industry, especially after the 2008 financial crisis. A revised version of the
original MiFID, it rolled out on January 3, 2018, more than six years
after the European Commission, the EU's executive branch, adopted a legislative
proposal for it.
Technically, MiFID II applies to the legislative
framework, and the rules it outlines are actually the Markets in Financial
Instruments Regulation (MiFIR); but colloquially, the term MiFID is used to
mean both.
Key Facts
- MiFID II, a European Union packet of financial industry reform legislation, rolled out on January 3, 2018.
- MiFID II covers virtually every asset and profession within the EU financial services industry.
- MiFID II regulates off-exchange and OTC trading, essentially pushing it onto official exchanges.
- Increasing transparency of costs and improving record-keeping of transactions are among MiFID II's key regulations
Approach – Offering
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“Securotek” Entreprise/Compliance is a MiFID II compliant
solution for your firm with a compliance server
§
Internal
and external communications (voice, text, documents) are end-to-end encrypted,
recorded, and can be made available if required
•
Anyone,
customers, employees, and other individuals can download the " Securotek” app
from the Apple or Android Store
•
The ” Securotek” app including advertisement is free
• The " Securotek” app without advertisement costs a small fee
•
Standalone
” Securotek” use does not include data recording for the purpose of compliance
•
Firm buys
a ”Securotek” enterprise/Compliance license
•
Firm
enters the mobile phone numbers of
employees through a web admin tool
•
Public
users of ” Securotek” become
automatically users of ” Securotek” Enterprise/Compliance
•
Employee
calls, texts or sends documents to employee
•
Both users
use " Securotek” Enterprise:
Voice, text, and
documents are recorded and saved (cloud or on site) and encrypted with two keys
§
The two
keys unlock the communications
Security
Fully encrypted
voice, video, text and picture messaging system
Privacy
Users can hide their
cell phone number by using one of five aliases
Privacy
Unique function of
“private contacts” in chats, enabled by face
recognition using algorithms developed by the Frauenhofer Institute
Enterprise/Compliance
· Personalized access of information in the app
· End to end encryption (voice, chat, documents
and video)
· Self-destructing messages
· Scan, annotate, obfuscate, markup and sign
within the app
· Fully encrypted audio conference
· HD video calling
· Fully encrypted local device storage
· MiFID II compliant recording, protected by two
keys
· Advertisement free (feature can be used for
internal messaging)
· iOS and Android