Criterion have a long standing relationship with Avaya and recommend their products for the quality and reliability of service.
Features of Avaya IP Office;
Cloud Delivers Hassle-free Customer Experience Management and Robust UC
Leverage the hybrid cloud for seamless integration and migration between your premises-based and cloud-delivered services.
Protect your existing investment in installed call control, phones, and more while expanding to the cloud.
Maximize the flexibility and scalability of the cloud for business expansion, seasonal capacity, or additional functionality.
Minimize disruption to your employees with a common code base between premise and cloud, which means your employees won’t have to learn a new system. Plus, the communications they use in the office will be available on their mobile devices.
Utilize an unparalleled full stack solution for rich cloud delivered voice, Unified
The revised Markets in Financial Instruments Directive (MiFID II) comes into force in January 2018 and it will regulate the financial services sector with a new, much stricter set of rules around call recording.
The regulation will also be applied more widely than the current requirements for recording phone calls, which apply to City traders.
Under current MiFID I regulations, Members allowed discretion as to whether they required firms to record telephone calls and electronic communications that resulted or might result in transactions. This recording obligation will become mandatory on firms under MiFID II.
Under the revised MiFID II you need to record all conversations that are intended to lead to a transaction or trade, even if they ultimately don’t. These rules apply equally to firms dealing with their own account as well as providing services for external clients. It also includes those who were previously exempt under MiFID I from having to record such as financial advisors and brokers – anyone involved in the advice chain that may lead to a trade or investment.
MiFID II also includes premises in which these calls or conversations take place, and requires that all “communications that are intended to lead to a transaction” be recorded and retained. Recordings will also need to be stored for longer – for a minimum of five years against the six months currently required.
More robust rules around how businesses should record and store their conversations will be introduced. MiFID II requires all records be kept in a durable medium that allows them to be replayed or copied but which prevents the original being altered or deleted. All calls recorded using Tri-Line’s Echo are securely encrypted using 256-bit AES symmetric key algorithm to ensure compliance with MiFID II regulations.
MiFID II also states that businesses must ensure the quality, accuracy and completeness of these records, and they must be stored in a medium that is accessible and readily available to the FCA on request. Under MiFID II businesses will also need to review their recordings from time to time to ensure compliance. Tri-Line’s Echo call recording allows authorised users to download and provide a copy of any call in .wav, .mp3, or .ogg format to the FCA on request.
For more information visit the FCA Call recording information page here.