How To Ensure Communication Compliance In A Post-Covid World

 

Knowing what to do in order to ensure communication compliance in a post-covid world is a very important thing to do as a business person. The advent of the coronavirus pandemic has brought about a lot of changes in the lives of people all around the world. While the initial days the pandemic brought a crisis to businesses, the amount of flexibility that was required to continue the business shattered long-standing conventional practices. Banks and financial firms also faced the need to shift to the work-from-home culture. A lot of people started working from home when the pandemic struck, attended online meetings, and still managed to be productive.

The biggest challenge that companies have experience since people started working from home is mobile compliance. Video conferencing tools that companies used to host internal meetings are now being used for all meetings, because physical meetings are no longer possible because of the Covid-19 pandemic.

When people started working from home, the need for new communication methods started to emerge. Previously, the use of mobile instant messaging applications such as WeChat, WhatsApp, Signal, and Telegram was not permitted in financial firms. However, due to the evolving circumstances, customers need a communication channel where they can get a trustworthy feel from both the traders and brokers remotely. Due to the swift and easy approach of mobile messaging applications, they are now the preferred choice of communication among customers as well as traders.

Regulatory compliance teams usually have to deal with multi-jurisdictional complexity. However, there has been now a shift among the compliance teams for a platform-centered approach. Such an approach is crucial as it helps compliance teams to address their global regulatory requirements.

The evolution from a rapid response and react model to an always-on continuous compliance model has made development of comprehensive data strategies more important. This new focus has also drawn the attention of CIOs and CTOs, something that has ensured greater attention to compliance at the “C” level.

For more information on communication compliance and mobile compliance in organizations, visit our website at https://www.telemessage.com/

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