Symphony Blog

Posts by Scott Eisenberg

Symphony joins the EU-U.S. Privacy Shield framework

It’s June 2015.

Your company, PrivacyCo, has offices in the U.S. and the bulk of its clients are located in Europe. PrivacyCo routinely transmits employee personal data from Europe to the U.S. for storage, analysis — whatever is needed to get the job done.

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Compliance and the Consumerization of IT

Business can be done from virtually anywhere, thanks to mobile and the host of different communications platforms available to most professionals today. Users can easily connect via social media, team collaboration and messaging platforms, text, personal email -- the list goes on. And for many businesses, this "consumerization of IT” is a positive trend from a productivity perspective. It allows for greater opportunity to build relationships with clients and offers quicker communication and collaboration between teams.

However, for companies in highly regulated industries - like financial services - each new avenue of communication also poses a potential compliance risk. Regulatory bodies are taking note; the SEC’s Office of Compliance Inspections and Examinations (OCIE) has recently acknowledged the increasing use of alternative communication methods in the investment advisory business as a potential concern.

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