Bloomberg said that the solution is to help financial firms and corporations meet increasing compliance, regulatory and eDiscovery requirements, while reducing costs.
Bloomberg claims that more than 160 financial services companies have adopted Bloomberg Vault.
According to the Bloomberg, Bloomberg Vault is a hosted solution with compliance retention services, active policy management, search capabilities, analytics and information governance for corporate email and instant messages, as well as all messaging content on the Bloomberg Professional service.
The new Bloomberg Vault leverages the reliability, security and scalability of Bloomberg’s global private network, including biometric authentication of users for security and redundant data centers for disaster recovery.
The key functions of the Bloomberg Vault includes: support for all enterprise messaging, including Microsoft Exchange email and corporate instant messaging together with Bloomberg messaging data .
Real-time policy management that can automatically supervise communication against pre-defined rules, identifying messages that may require further review.
Review consoles to manage the entire compliance workflow, including advanced search, policy management, sampling, stamping, escalation, and comprehensive reporting.
The functions also include eDiscovery, retention, and legal hold, which allow companies to manage retention with customized policies, support eDiscovery processes, ensure chain-of-custody, and avoid inadvertent deletion of potentially responsive data with compliance storage.
