Bloomberg announces a strategic investment in Insightful Technology

Nader Shwayhat, Global Head, Compliance, Voice, and Directory Solutions at Bloomberg

Bloomberg announced a strategic investment in, and a comprehensive commercial collaboration with, London-based Insightful Technology, the owners and operators of the Soteria Integrated Compliance Solution. The deal enables integration between Soteria and Bloomberg Compliance Solutions — which includes leading compliance system Bloomberg Vault among other real-time Bloomberg surveillance systems and preventative controls.

What is the market offering of the Soteria solution?

Insightful’s Soteria Integrated Compliance Solution is an advanced data management system with a revolutionary and flexible data model that is able to capture, normalize, aggregate, and analyze any chat, voice, video, and trade data sets from direct files or APIs. The combination of advanced data models integrated into fully customizable workflows and case management provides a significant step in efficiency and risk management for stakeholders.

Insightful will support a dedicated Soteria service for Bloomberg customers within its data centers, which will integrate directly into Vault for a seamless user experience. Available now, joint clients of Vault and Insightful can use Soteria’s capture services for the expanded universe of channels directly within Vault. Clients may choose to use Soteria’s standalone translation and surveillance, voice, data and behavioral analytics in parallel with Vault.

What does the integration mean for Bloomberg?

The integration extends Bloomberg Vault’s compliance and surveillance offerings by providing access to over 120 content sources; 80 chat, voice, web conferencing, and secure mobile communication channels along with dozens of file, trade, and structured data protocols.

This integration will also offer additional AI-based voice surveillance, trade reconstruction, case management, and behavioral analytics capabilities by utilizing Insightful’s advanced data models, risk profiles, and voice transcription and translation capabilities of over 70 languages.

In today’s challenging and dynamic regulatory environment, it is essential that firms have an accessible, integrated, and powerful compliance solution to manage the explosion in data complexity and channel proliferation that years of remote work, mobile adoption, and global disruption have introduced. Bloomberg Compliance Solutions is focused on providing comprehensive, cutting-edge products that help clients meet these challenges head on.

What were the executives’ thoughts on the transaction?

“The focus of the Bloomberg Compliance Solutions team remains on innovation and growth of offerings and Soteria is a 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 commenting on the integration.

“We are excited to bring to our clients the combined capabilities our integration now offers and look forward to pushing the boundaries of what our firms can accomplish together.”

“We believe that the integration of Soteria and Bloomberg Vault provides the industry a comprehensive and seamless compliance solution for clients seeking capture, modelling, surveillance, trade reconstruction, case management and analytics support,” commented Robert Houghton, Founder and Chief Technology Officer of Insightful Technology.

“We are excited for Bloomberg’s collaboration with Insightful Technology to bring our offering to life, the joint vision and roadmap planned will deliver and protect our mutual clients.”

Bloomberg Compliance Solutions is a suite comprised of Bloomberg Vault, Bloomberg Surveillance, Bloomberg Directory, Bloomberg Compliance Daily File, and Bloomberg Terminal Controls, that enables digital teams, front-line managers, compliance officers, and legal professionals to aggregate, archive, and analyze all of their CRM, trading, communications, and market interactions on a real-time or historic basis to drive business insights.

For more information, visit the Bloomberg website.