{"id":5091,"date":"2011-01-31T14:16:46","date_gmt":"2011-01-31T14:16:46","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-real-time-compliance-with-bloomberg-vault-2\/"},"modified":"2011-01-31T14:16:46","modified_gmt":"2011-01-31T14:16:46","slug":"bloomberg-launches-real-time-compliance-with-bloomberg-vault-2","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-real-time-compliance-with-bloomberg-vault-2\/","title":{"rendered":"BLOOMBERG LAUNCHES REAL-TIME COMPLIANCE WITH BLOOMBERG VAULT"},"content":{"rendered":"
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\nMore than 160 financial services firms have adopted Bloomberg
\nVault <\/p>\n

Bloomberg Vault reduces costs and burdens of message archiving <\/p>\n

New York, January 31, 2010 — Bloomberg, the leader in financial
\nservices messaging, today announced a new real-time search and
\nanalytics console for Bloomberg Vault, the first compliance
\nsolution to integrate real-time monitoring, search analytics,
\nand archiving of Bloomberg messaging and corporate email.
\nBloomberg Professional\u00ae service executives made the announcement
\nat the LegalTech\u00ae conference where they are exhibiting at booth
\n#432. <\/p>\n

Bloomberg Vault capitalizes on Bloomberg\u2019s long track record in
\nmessaging and compliance to help financial firms and
\ncorporations meet increasing compliance, regulatory and
\neDiscovery requirements, while reducing costs. More than 160
\nfinancial services companies have adopted Bloomberg Vault,
\nhighlighting the market demand for secure and scalable hosted
\ninformation governance. <\/p>\n

\u201cSelecting the right service provider for important compliance,
\narchiving, and eDiscovery processes is critical,\u201d said Andrew
\nWels, chief compliance officer and associate general counsel at Cantor Fitzgerald<\/a>. \u201cWe leverage Bloomberg\u2019s proven and cost-
\neffective compliance solutions such as Bloomberg Vault to help
\nstay on top of the ever-changing regulatory environment.
\nBloomberg\u2019s real-time search and content analytics allow our
\nfirm to quickly respond to legal and regulatory requests.\u201d <\/p>\n

Bloomberg Vault is a hosted solution with compliance retention
\nservices, active policy management, extensive search
\ncapabilities, analytics and information governance for corporate
\nemail and instant messages, as well as all messaging content on
\nthe Bloomberg Professional \u00ae service. <\/p>\n

\u201cFinancial services companies face growing challenges coping
\nwith new regulatory requirements, rising litigation risks and
\nswelling volumes of communications,\u201d said Harald Collet, global
\nbusiness manager of Bloomberg Vault. \u201cAs a leader in messaging,
\nwe have the experience and expertise to offer an easy, cost-
\neffective and secure way to monitor, search and store their
\ncritical information.\u201d <\/p>\n

The new Bloomberg Vault leverages the reliability, security and
\nscalability of Bloomberg\u2019s global private network, including
\nbiometric authentication of users for security and redundant
\ndata centers for disaster recovery. Key Bloomberg Vault
\nfunctionality includes: <\/p>\n

\u2022 Support for all enterprise messaging, including Microsoft
\nExchange email and corporate instant messaging together with
\nBloomberg messaging data
\n\u2022 Real-time policy management that can automatically supervise
\ncommunication against pre-defined rules, identifying messages
\nthat may require further review.
\n\u2022 Review consoles to manage the entire compliance workflow,
\nincluding advanced search, policy management, sampling,
\nstamping, escalation, and comprehensive reporting.
\n\u2022 eDiscovery, retention, and legal hold, which allow companies
\nto manage retention with customized policies, support eDiscovery
\nprocesses, ensure chain-of-custody, and avoid inadvertent
\ndeletion of potentially responsive data with compliance storage. <\/p>\n

\u201cWe have been able to replace our in-house deployed legacy
\narchiving and compliance systems with a fully hosted solution
\nfrom Bloomberg Vault for all our corporate electronic
\ncommunications,\u201d said Andy Birdsell, vice president of information technology<\/a> at Incapital. \u201cThe integrated real-time
\nsearch, analytics, and industry-specific policy management gives
\nus instant access to all our content in one place. We have
\nsignificantly reduced our costs and improved compliance by
\nconsolidating with Bloomberg.\u201d <\/p>\n

About Bloomberg
\nBloomberg is the world\u2019s most trusted source of information for
\nfinancial professionals and businesses. Bloomberg combines
\ninnovative technology with unmatched analytic, data, news,
\ndisplay and distribution capabilities, to deliver critical
\ninformation via the Bloomberg Professional\u00ae service and
\nmultimedia platforms. Bloomberg\u2019s media properties span
\ntelevision, radio, digital and print, making up one of the
\nworld\u2019s largest news organizations with more than 2,300 news and
\nmultimedia professionals at 146 bureaus in 72 countries. <\/p>\n

Media Contacts:
\nIn U.S.:
\nPam Snook Sophie Fischman
\nBloomberg LP Cognito Media
\npamsnook@bloomberg.net<\/a> Bloomberg@cognitomedia.com<\/span>
\n+212-617-7652 +1 646 395 6300 <\/p>\n

In UK:
\nRod de St. Croix In Asia:
\nBloombergUK@cognitomedia.com<\/span> Anne Karumo
\n+44 (0)20 7438 1100 BloombergAsia@cognitomedia.com<\/span> <\/p>\n

+65 811 264 09 <\/p>\n

#<761373.6922700.2.1.69.30975.2660>#
\n-0- Jan\/31\/2011 14:16 GMT\n <\/p>\n<\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

More than 160 financial services firms have adopted Bloomberg Vault Bloomberg Vault reduces costs and burdens of message archiving New York, January 31, 2010 — Bloomberg, the leader in financial services messaging, today announced a<\/p>\n","protected":false},"featured_media":0,"template":"","format":"standard","categories":[17],"press_tag":[],"class_list":["post-5091","press","type-press","status-publish","format-standard","hentry","category-press-announcement"],"yoast_head":"\nBLOOMBERG LAUNCHES REAL-TIME COMPLIANCE WITH BLOOMBERG VAULT | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"More than 160 financial services firms have adopted Bloomberg Vault Bloomberg Vault reduces costs and burdens of message archiving New York, January 31, 2010 -- Bloomberg, the leader in financial services messaging, today announced a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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