We’re pleased to announce the launch of our latest product, MiFID II Mobile Call Recording.
MiFID II legislation will take effect in January 2018 and rules that anyone involved in the advice chain for an intended trade must record and retain all communications made on mobile for five years. This change in regulation is expected to increase the number of recorded users from 30,000 traders in the City of London to over 300,000 across the UK.
We have developed a Mobile Call Recording solution that is fully complaint with MiFID II regulations and enables call recording from any mobile handset. Using Contrex Mobile technology, calls are recorded at network level via a SIM card, meaning no apps or third party software are required.
As a SIM only service, there is no hardware to install and no reliance on a data connection – calls can be recorded in any location. Furthermore, the service is fully hosted, so there’s no capital expenditure and installation and management is simple.
To find out more about MiFID II Mobile Call Recording and how we can help you or your customers achieve compliance, click here.