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Information Sharing Challenges at Shield

Shield combine new age lexicon technologies, along with the latest AI innovations, to provide the best quality surveillance system of eComms. Watch the infographic or visit us for full blog about Information Sharing at https://bit.ly/3xZioOM

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Information Sharing Challenges at Shield

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  1. The Many Challenges of Information Sharing Shield RecentlytheFinancialIndustryRegulatory Authorityhitindependentbroker-dealer CambridgeInvestmentResearchandMerrill Lynchwithfinestotaling $850,000forfailingto properlysuperviseemployeeswhowereinvolved inthesaleofmutualfunds, andnotproperly monitoringtheexchangesbetweenretail marketersandexchange-tradednotetraders. Building the Chinese wall Tomaintainthisdivide, firmsmusterectinformation barriersaroundpropercontroloftheflowofnon-public informationfromonedepartmenttoanother. Thisis frequentlycalledaChinesewall, orinformational firewall, referringtoavirtualbarrierthat’sinplaceto stoptheexchangeofinformationthatcouldresultin illegalorethicallydubiousactivities. A brief history of informational firewalls TheconceptofChinesewallshasexistedsincethe 1929stockmarketcrashwhenCongressfirst seriouslydiscussedregulatorybarriersseparating investmentbankersandbrokers. However, the needforsuchdivideshasgreatlyincreasedover thepastcoupleofdecades, followingtheenacting oftheGramm-Leach-BlileyActof1999 (GLBA). Thislaw, whichhelpedempowermanyoftoday’s biggestfinancialpowerhouses, repealedprevious regulationsthatstoppedfirmsfromcarryingout combinationsofinvesting, banking, andinsurance services. Have the right tools in place Today’sfirmsmustbediligentintheirstanceoninformationsharing, ensuring thatthishappensonlywhereabsolutelyrequiredandlawful. AstheMerrill Lynchexampleshows, havingprotectivemeasuresinplacewhenitcomesto monitoringisn’tenough. Lexicons, referringtoasimplekeywordorphrase searches, aremassivelyoutdatedtoolsthatcancausemoreproblemsthanthey solve. Lexiconsyieldamassivenumberoffalsepositives (FPs), inundating systemoperatorswithhighnumbersoferroneousflaggedmessages, making themvirtuallyvalueless. AtShield, weknowthattheworldofdetectiondoesn’tstaystill. It’snotenough tosimplysetuplexicon-basedmodelsandhopethattheywillcatchany potentiallyviolatingbehaviorthat’sthrownatthem. Withthatinmind, we continuallyaddto, modify, andotherwiseimprovethedetectionmodelsweused toprovideupdatedcoverageregardingthelatestriskareas, alongwithnew products, areasofbusiness, mandatedlines, andcommentsfromregulators. Website: https://www.shieldfc.com/

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