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In regulated businesses such as Financial Services, having secure, compliant and reliable digital communications is imperative.We help regulated businesses securely train and collaborate with Virtual Classrooms on our SOC II Type 2 compliant Private Cloud.
With confidence in the security of their communications, financial Institutions are able to conduct both internal meetings as well as external client meetings. They have the ability to automatically archive their digital communications to keep compliant records of audio, video, and chat messages from all virtual training classes and conferences.
Our platform is so secure that the U.S. Department of Defense has relied upon it for protecting battlefield briefings. Over 20 governmental agencies including the Department of Homeland Security, FEMA, FDA as well as leading financial institutions including Citigroup, KPMG and Charles Schwab depend on secure collaboration for critical communications as well as securely ensuring that their workforce is trained and compliant. CoSo is SOC II Type 2 compliant and has passed other rigorous government regulations.
Organizations need to comply with intuitions such Securities & Exchange Commission (SEC) and other global regulations such as the Foreign Corrupt Practices Act to prevent money laundering, bribery, and corruption.
Standard Operating Procedures (SOPs) ensure safety and operation efficiency for highly regulated industries. As procedures change, employees may not be trained on the latest version. Do you know what version of a Standard Operating Procedure your employees are trained on? Are they compliant with the most current regulations?
Ongoing regulatory audits mean you must track employee compliance training. Are those training reports readily available?
What is your cost of
non-compliance? The cost of non-compliance is expensive – up to $5 Million and 20 years under Sarbanes-Oxley. Damages can run in the millions.
A data breach of sensitive information can negatively affect your company’s reputation, ultimately impacting earnings and shareholders.
Regular ongoing training helps employees develop their client skills and get up to speed on the latest rules, regulations, and technologies. Long gone are the days of only sending employees off-site for training. Highly engaging, interactive content can be made quickly and distributed broadly on any device, in real-time. This leads to increased client satisfaction, directly impacting your bottom line.