Financial industry regulations require that online business communications — including websites, blogs, email, instant messaging and social media — be archived in their original formats and produced if required for legal or regulatory purposes. The partnership between Global Relay and PageFreezer ensures a complete records retention solution that will now also include preservation of websites for broker-dealers, hedge funds, investment advisors, private equity funds and public companies.
The benefits of web and message archiving services are not limited to regulatory compliance. Companies of every size are searching for workable ways to preserve their online activity for personal access, legal or eDiscovery preparedness, and preservation of "brand heritage". Together, Global Relay and PageFreezer will be providing an unparalleled solution that works for everyone, increasing the customer base for both companies.
In recent years, financial regulators have been challenged to apply existing regulations to emerging web content, including websites with interactive and dynamic features. Such web content is much more challenging to securely capture, store, and search than more traditional communication methods. Global Relay and PageFreezer are working to fill that gap by preserving web content in its original format.
Global Relay’s 15,000 customers in 90 countries include broker-dealers, hedge funds, investment advisors and public companies, as well as 22 of the top 25 global banks. Global Relay has strategic partnerships worldwide, including a global Strategic Partnership with Thomson Reuters for compliance archiving.
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SOURCE Global Relay