Thursday 11th November 2010
The FSA has today announced that it will be removing the exemption of Mobile Phone taping, leaving FSA regulated companies only twelve months to put in place equipment to record Voice conversations and other electronic communications that involve the receipt of client orders and the negotiating, agreeing and arranging of transactions across the equity, bond and financial commodity and derivatives markets, and to retain electronic communications relevant to these activities. This decision, over 2 years in the making, has finally been made today.
The subject has been controversial within the banking and finance industry, since the legislation of landline recording was brought into effect in 2008.
The reason for the delay in making mobile recording a legal requirement lay in the lack of technology that was available at the time, to meet the market demands which the removal of the exemption would bring, until now.
Obsidian Wireless is the UK’s leading developer of mobile recording platforms and was closely involved in the consultation process leading up to today’s announcement.
Together with their partners, they will be positioned to offer companies directly affected by today’s announcement, the opportunity to provide a compliant solution by November 2011.
ComputerTel’s Mobile recording offering, powered by Obsidian, has a unique advantage;
It is the UK’s only truly integrated ‘in box’ mobile call recording solution. Unlike other mobile call recording products, ComputerTel’s Carina Mobile product shares a core hardware platform with Obsidian’s technology, which means that the Obsidian Mobile Compliance Suite™ simply integrates directly with the ComputerTel server, without the need for a separate interface.
Following this announcement by The FSA, ComputerTel's Managing Director Philip Haynes commented " The FSA's announcement today will allow us to work with our FSA regulated clients and prospects to provide them with a compliant solution at a substantially more cost effective price than the FSA consultation paper indicates, and well within the specified time frames that have been set."
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ComputerTel Limited is an award winning Telecommunications Company specialising in the supply of Call Recording Solutions and Quality Monitoring Software. Clients range from Call Centres to Banking, Local Government & Emergency Services. The company was founded in 1988 and is based in Gravesend, Kent. http://www.computertel.co.uk
Marketing contact: firstname.lastname@example.org
About Obsidian Wireless
Obsidian Wireless was formed in 2007 by leading experts in mobile communications and in the financial industry, with the specific aim of developing a world class solution for the recording of all aspects of mobile communications. The company has developed the world's first fully integrated Mobile Compliance Suite™ in conjunction with leading mobile development companies and manufacturers of complementary technologies.
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