MiFID II Call Recording

The EU have announced new MiFID regulations that will place further restrictions on the financial sector. The extension will expand regulations to new areas of the financial sector and place further restrictions on the storage of recorded calls. Our MiFID II Call Recording solution for Financial Advisors is the answer.

MiFID II Call Recording

The EU have announced new MiFID regulations that will place further restrictions on the financial sector. The extension will expand regulations to new areas of the financial sector and place further restrictions on the storage of recorded calls. Our MIFiD II Call Recording solution for Financial Advisors is the answer.

MiFID II Compliance

For the first time, call recording regulations will apply to wealth managers and Independent Financial Advisors (IFAs). The new legislation will also require organisations to securely store recordings for five years, and to implement a monitoring system. These new restrictions will create problems for any company using legacy call recording solutions.
It has been estimated that call and voice recording adds a substantial £1,000 – £1,200 every year to the average phone bill, and this is without upfront installation costs. These costs will cripple small firms, and create difficulty even for mid-sized firms.

Cutting the Costs of Compliance

Our cloud based, MiFID II call recording and communication capture services are a fraction of the cost of legacy solutions. Dubber can therefore provide assistance to any sized company affected by MiFID II. The lower costs make call recording accessible to ay size company for the first time, and make upgrades more affordable for companies already using call recording.

Cutting the Costs of Compliance

Our cloud based call recording and communication capture services are a fraction of the cost of legacy solutions. Dubber can therefore provide assistance to any sized company affected by MiFID II. The lower costs make call recording accessible to ay size company for the first time, and make upgrades more affordable for companies already using call recording.

mifid recording

Comply with every Directive

Cloud call recording provides the perfect assistance to MiFID II, PCI and FCA compliance:

– Unlimited scalability fits the recording solution to every company’s individual needs
– Unlimited storage cuts the cost of following MiFID II’s 5 year storage requirement
– Smart search features efficiently browse and filter 5 years of data
– Additional features allow individuals to save only necessary calls and to protect client confidentiality

Interested to see how Dubber works? Get in touch.