Smarsh has enhanced its Professional Archive, Web Archive, Cyber Compliance, and Vendor Risk Management solutions to enable financial services companies to increase oversight over communications, devices, artificial intelligence, and third parties. These enhancements are designed for organizations dealing with escalating compliance obligations and cybersecurity challenges in particular, especially for those companies that do not have adequate compliance and risk management resources.The solution’s Intelligent Supervision includes functionalities such as reducing alert volume, detecting behavioral and contextual misconduct risks, summarizing and translating communications, and conducting investigations. Additionally, a natural language search functionality is under development.
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With Web Archive, there are plans to enhance the ability to capture dynamic and browser-generated content. This way, the organization will have the ability to archive its changing digital experience. Cyber Compliance offers organizations visibility of security postures of personal and unmanaged devices connected to business applications, while Vendor Risk Management consolidates all vendor assessments, risk scores, remediation efforts, and reassessments.“Risk does not arrive in one system or on one schedule,” said Kamesh Tumsi, Chief Product Officer at Smarsh. “Small and mid-sized financial services firms need a practical way to understand what is changing across their communications, devices, and third parties without adding unnecessary complexity. These capabilities help lean teams focus their expertise where it matters most and maintain a clear record of the actions they take.”