Bloomberg can now offer cloud users ediscovery and archiving
Bloomberg announced today that Bloomberg Vault, its electronic communications compliance offering, integrates with Microsoft Office 365. Bloomberg Vault gives financial services firms using Microsoft Office 365 a cloud-based solution for meeting global regulatory and risk management guidelines for electronic communications.
Bloomberg’s strategic alliance with Microsoft allows Office 365 subscribers to easily add Bloomberg Vault as a managed service that includes essential features such as real-time policy management, search analytics, eDiscovery and secure archiving for corporate emails and messages.
“Financial services firms are struggling to meet regulatory and legal demands for the management and storage of electronic communications,” said Harald Collet, global business manager for Bloomberg Vault. “Compliance mandates are increasingly complex and the capital costs can be significant. The aim of Bloomberg Vault-Office 365 is to help financial services organizations embrace the cloud and meet stringent regulatory requirements.”
Key Bloomberg Vault functionality for Office 365 includes:
· Integrated and secure archiving of all electronic communications as a hosted service, helping companies to reduce overhead costs by leveraging the cloud;
· Specialized features designed to help financial firms meet compliance requirements through real-time policy management, advanced search, eDiscovery and electronic records retention and preservation;
· Biometric security for compliance officers to enhance access controls.
More than 300 financial service companies have adopted Bloomberg Vault to manage growing legal and regulatory mandates governing corporate data.