Banking Compliance Solutions: Top Regulatory Compliance Management Software for Banks

As a financial institution, you face constant regulatory scrutiny. And the costs of non-compliance have never been higher.

Arctera’s banking compliance solutions make it easy to stay ahead of regulations. From discovery to governance and risk management, our unified system protects sensitive data and minimizes the risk of penalties.

• Schedule a demo to reach out to an Arctera representative.
• Learn more about our Unified Compliance Solutions for Financial Services

What could a smarter compliance management system do for you?

Make regulatory compliance simple, no matter how much complex data you store, by automating processes with Arctera. Manage and govern your data all from one place with a single platform that gives you complete visibility. Identify and classify sensitive data across your entire infrastructure with ease.

Offering a highly intuitive experience and integrated AI capabilities, our solution allows you to seamlessly satisfy your compliance obligations, from SEC to MiFID II, FINRA, and more.

Never miss a critical conversation

When handling so much sensitive information, you can’t risk any of it going astray. Confidently collect critical data from every conversation, whatever the source. From email or chat to social, voice, and video, ensure every interaction is captured and compliant.

• Ingest and consolidate various forms of communication and content from more than 120 content sources
• Quickly adapt to new message platforms to maintain compliance
• Minimize compliance risk by using existing infrastructure instead of relying on a third-party integration
• Flag specific information to enhance future data collection
• Allow designated reviewers and administrators to easily perform self-service and online exports of search results

Turn policies into action, instantly

Use AI to automatically apply pre-approved, proven compliance policies tailored to specific banking regulations. This filters out irrelevant data and makes reviews faster and easier.

• Analyze communications with AI-powered language and sentiment detection to identify key data
• Automatically classify and identify more than 1,100 data types using regulatory-specific or customizable patterns
• Reduce false positives to focus only on relevant information and speed up reviews
• Enable content owners to easily apply policies using a self-service portal

Confidently comply with regulatory retention demands

Keep all your data safe and fully compliant in an immutable archive. Ensure compliance with full control over who can access it, how long it’s kept, and when it’s deleted, giving you enterprise-grade security and peace of mind.

• Securely preserve all content in a centralized, regulation-compliant archive protected against unauthorized or accidental deletion
• Apply policy-driven retention rules automatically to ensure every record meets legal and regulatory requirements
• Reduce compliance risk with defensible retention practices that are fully auditable and traceable
• Classify and index archived content to make even unstructured data easily searchable and discoverable
• Enable end-users to search and retrieve relevant records quickly through personal archiving access

Turn Your data into actionable compliance intelligence

Let machine learning surface critical data automatically, so compliance, investigative, and legal reviews are faster and more accurate.

• Automatically review data with machine learning that ranks content by relevance and explains why each item was flagged using the Arctera™ Surveillance Transparency Score
• Use AI and NLP for fast and effective language detection, sentiment analysis, advanced keyword conditions, and exact data match
• Flag anomalies and identify suspicious or malicious user behavior
• Transform audio and video into structured data with precision transcription services, then classify it to meet regulatory requirements
• Quick location of relevant data for discovery, supervision, and privacy challenges

Benefits of a banking compliance solution built to protect and simplify

Reduce compliance costs and manual effort

Automate time consuming processes with smart artificial intelligence. Reduce human error and minimize time spent on consuming manual tasks. After all, with the vast quantity of your business data, hands-on management is no longer practical. Instead, free your time to focus on higher-value work. And with the increased accuracy of automation, you minimize compliance costs by reducing the need for expensive corrections.

Stay audit ready, always

Effortlessly maintain a complete and defensible record of every communication and data action, making audits fast and stress-free. Keep all your audit trails and documentation centralized in one place so all evidence is readily available on hand whenever you need it. With full transparency into data handling and retention, as well as policy enforcement, you can demonstrate compliance with absolute confidence every time.

Adapt effortlessly to changing regulations

Keeping up with evolving regulations like the GDPR, SEC, FINRA, and MiFID II can be a challenge, especially in a heavily regulated industry like finance. But not with Arctera’s digital banking compliance solutions. Respond quickly to regulatory changes with pre-approved, automatically updated policy templates that can be tailored to your specific needs. Instantly flag any areas that need attention and apply policies across all communications and data sources without any gaps.

Scale without limits

Ensure your compliance operations can grow alongside your company. Support growing data volumes and multiple new communication channels with enterprise-grade, cloud-based infrastructure. Without the complexity of managing disparate systems, adding new users, data sources, regulatory requirements, or policies becomes fast and intuitive. The result? Your compliance remains ready for whatever happens next.

Eliminate hidden compliance risks

Dark or unstructured data can easily fall through the cracks, introducing the risk of non-compliance going unnoticed. Uncover this content across all your systems with Arctera’s advanced eDiscovery and classification capabilities. Access complete visibility and control so you know nothing is missed and your data management is completely defensible.

Want to learn more about regulatory compliance?

Read our full guide on Navigating Regulatory Compliance: What You Need to Know

Read our insights on regulatory compliance for financial institutions

• What is PCI Compliance? A Guide for Businesses and Consumers | Read more
• What is Information Lifecycle Management? Read more
• Tackling Financial Services Compliance Head-On | Read more

Why trust Arctera with your compliance requirements?

Arctera provides solutions to tens of thousands of customers worldwide, including 70% of the Fortune 100. Why are we so widely trusted? We understand your industry and its compliance landscape inside out, and have a dedicated team committed solely to supporting your regulatory success.

To complement our expertise, we employ cutting-edge technology combined into a unified platform to effortlessly and accurately tackle every area of compliance with automation and artificial intelligence.

Despite its advanced capabilities, our banking compliance automation solutions are highly intuitive and easy to use. With a single system, your team can confidently achieve compliance from day one. No more disparate platforms, complicated interfaces, and disrupted operations.

With Arctera, compliance isn’t just achievable, it’s easy and reliable.

Get started by completing the form, and an Arctera representative will follow up with you.

Gartner DCGA Solutions Analyst Report

Recognized by Gartner as a Leader and ranked #1 in 2 Use Cases for Digital Communications Governance and Archiving (DCGA) Solutions.

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• Arctera Named a Leader in the Gartner® Magic Quadrant™ for DCGA Solutions
• Ranked #1 in 2 Use Cases in the Gartner® Critical Capabilities for DCGA Solutions

Insights for the always-on, always-ready financial institution

How can leading financial institutions stay compliant and operational through any disruption? Our whitepaper reveals how banks can meet evolving regulatory demands while ensuring continuous operations. Explore proven strategies for building resilience across hybrid and cloud environments, with unified visibility and a robust audit trail for every action.

Read the whitepaper to learn how Arctera helps financial organizations stay always-on and always compliant.

Experience Arctera: your continuous compliance management solution

Turn complex banking compliance into a seamless process. Book a demo with us to experience our solutions in action and discuss how we can tailor our platform to the unique needs of your financial institution.

Give your compliance teams the tools they need to automate management processes and stay defensible against audits with confidence and ease.

Ready to take full control of your compliance operations ? | Contact us

Frequently Asked Questions

1) What is a regulatory compliance solution for banking?

A regulatory compliance solution for banking is a software platform designed to help financial institutions meet legal and regulatory requirements with efficiency and consistency. It automates ordinarily complex processes such as data discovery, monitoring, retention, and reporting. Also, it provides full visibility and control across all communications and data sources, whether structured or unstructured.

Using AI features, along with policy enforcement and secure archiving capabilities, Arctera’s banking data compliance solution helps banks reduce risks and confidently maintain adherence to regulations from the GDPR and FINRA to SEC and MiFID II. All without adding any operational complexity or disrupting workflows.

2) What are the key regulatory drivers in financial compliance?

Financial institutions like yours must comply with relevant regulations regarding data and risk management. There are many in the picture, but the key players are:

• The GDPR (General Data Protection Regulation): Governs how banks collect, store, and protect personal data of EU citizens
• MiFID II (Markets in Financial Instruments Directive II): Sets standards for transparency and reporting, as well as investor protection, across EU financial markets.
• SEC (Securities and Exchange Commission) regulations: Regulates U.S. securities and ensures accurate financial reporting and fair trading practices
• FINRA (Financial Industry Regulatory Authority) rules: Supervises broker-dealers, focusing on communications and compliance oversight in the U.S
• DORA (Digital Operational Resilience Act): Requires banks to maintain IT resilience and continuity while reporting operational incidents promptly

With all these regulations (which are constantly evolving) to contend with, the need for a trustworthy banking compliance software solution to help manage risk, protect data, and demonstrate audit-readiness, is clear.

3) What risk management capabilities does Arctera offer for banks?

Arctera provides intelligent risk assessment and management tools that classify and analyze communications and transactions to identify anomalies and deliver alerts for suspicious behavior. By automating these processes, you can focus more on strategic oversight rather than time-consuming management tasks, while reducing the risk of gathering non-compliance penalties.

4) Why is non-compliance such a critical risk for financial institutions?

Non-compliance can result in hefty fines, but the costs of not adhering to regulations go far beyond these. It can damage your bank’s reputation and erode customer trust, not to mention the potential to negatively impact market value. With increasing scrutiny, you’re expected more than ever to demonstrate ongoing, continuous compliance (not just during periodic audits).

Arctera’s compliance management software for banks helps you to meet this challenge with real-time, always-on monitoring as well as automated policy enforcement. You’re never without in-depth risk insights across all your data sources, which makes it easy to know your compliance status and understand any potential issues before they escalate.