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Financial Services Solutions

The financial services industry is heavily regulated, and the regulations governing the management of corporate information continue to evolve leaving financial organizations struggling to keep up. The best recourse organizations have is to ensure that they have an information management infrastructure that can provide comprehensive control and management over both their structured and unstructured information records to:

• Satisfy demands for greater financial transparency
• Enable corporate accountability
• Maintain good corporate governance

The implications of compliance and eDiscovery for firms in financial services sector are significant. Recent changes have raised risk exposure, stretched resources and exposed inadequacies in legacy systems to deal with the scale and complexity of the requirements. For many companies, the burden of compliance and potential eDiscovery costs are a serious threat to profitability.

The risk of a heavy penalty for failure to comply with regulations has been joined recently with the penalties for failure to meet FRCP rules; the courts have issued over 40 fines for failure to meet the new requirements. The resulting publicity from a non-compliance or eDiscovery problem can seriously damage firms' profitability, reputations and brand - driving away clients, exposing the senior management and board to civil or even criminal liabilities.

To mitigate the risk of litigation or non-compliance with industry and government regulations organizations require a secure information repository for the managed control of corporate records. Meridio Records Management solutions enable financial services organizations to:

• Streamline content classification, stores, archive, retrieval, legal hold, disposition and analysis
• Automate business processes improving efficiency and employee productivity
• Reduce cost associated with managing, sharing, producing and purging information
• Increase internal and customer service levels

Challenge or Opportunity?
Compliance in the financial services industry White Paper.
[PDF: 164KB / 16 Pages]

Customer Showcase - Lloyds TSB
Lloyds TSB is a leading UK provider of retail financial products and services. It has a customer base of 16 million people and the UK's largest branch network. "Meridio is an excellent system for Lloyds TSB Insurance," commented David Purser. "We regard Meridio as a partner, rather than a supplier. We have a very positive relationship, Meridio worked really hard to support us." Learn how Meridio helped Lloyds create one central repository capable of recording and storing all their interactions with their customer resulting in improved customer service.
[PDF: 147KB / 2Pages]

Take the Next Step

Find out how your organization can benefit from the Meridio Records Management product family.
Contact your ZANTAZ representative today.