MCO and FirmScribe Collaboration Enhances iMessage Compliance Capabilities

MCO and FirmScribe: A New Era in Compliance Technology

In a significant move designed to bolster compliance in the financial services sector, MCO (MyComplianceOffice), known for its comprehensive compliance technology solutions, has teamed up with FirmScribe. This partnership is poised to enhance MCO's eCommunication compliance capabilities, focusing specifically on the capture and retention of iMessages.

As iMessage becomes a central communication tool among financial professionals, monitoring this channel effectively has emerged as a formidable challenge for compliance teams. As Sean Sullivan, VP of Communications Compliance Solutions Products at MCO puts it, "Partnering with FirmScribe gives our customers complete confidence that iMessaging is captured accurately and compliantly, without adding operational complexity."

This collaboration allows MCO’s users to leverage FirmScribe’s advanced iMessage capture technology, which has undergone rigorous testing by Apple. This ensures that all encrypted communications via iMessage are seamlessly integrated into existing supervisory workflows. The enhancement is aligned with MCO's strategy to provide compliance teams with a comprehensive oversight mechanism across all employee activities, firm transactions, and third-party interactions.

FirmScribe's CEO, Jordan Richardson, emphasizes the importance of adapting to the evolving communication landscape, stating, "As communication tools evolve, so do the challenges of compliance. This partnership underscores our commitment to staying at the forefront of innovation, providing businesses with the tools they need to capture, archive, and monitor encrypted messages in a compliant manner."

The significance of this partnership is further highlighted by MCO’s recent accolades, having been recognized as the Best Solution for Records Retention at the RegTech Insight Awards USA, and as a Communications Monitoring Category Leader by Chartis Research. These achievements reflect MCO’s ongoing dedication to delivering superior compliance solutions that resonate with the needs of modern businesses.

The relationship between MCO and FirmScribe is especially relevant considering the increased scrutiny financial firms face regarding regulatory compliance. FirmScribe, a leader in iMessage archiving solutions, has successfully enabled compliance for a vast number of financial services firms since its inception in 2017, onboarding over 70,000 iPhones and capturing more than 2 billion messages. This impressive statistic underscores the efficiency and effectiveness of their technology in facilitating compliant communication practices.

MCO’s Integrated Compliance Management Platform serves as a foundational tool for compliance professionals striving to manage regulatory obligations proactively. The partnership with FirmScribe represents not just a technology integration but also a holistic approach to compliance in digital communications.

With over 1,500 client companies in more than 125 countries leveraging MCO solutions, it’s evident that the demand for robust compliance technologies is on the rise. As the digital communication landscape continues to evolve, partnerships like the one between MCO and FirmScribe will undoubtedly play a crucial role in shaping the future of compliance technology.

Together, MCO and FirmScribe are set to redefine how financial service firms approach compliance, ensuring that critical communications are managed in a secure, efficient, and regulatory-compliant manner. Their commitment to innovation and excellence promises to empower firms as they navigate the complexities of compliance in the modern digital environment.