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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

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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

§  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

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        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

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        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

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        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

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§  The two keys unlock the communications

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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