Introduction: The Compliance Challenge in Messaging Apps In an era where instant messaging apps like WhatsApp dominate client communication, private banks face a critical dilemma: balancing convenience with compliance. Regulatory bodies demand strict oversight of financial conversations, yet clients crave seamless, real-time interactions. Enter Finchat, a Singapore-based tech pioneer that has redefined compliance for private […]
In today’s fast‑paced financial world, messaging channels such as WhatsApp, WeChat, SMS, and secure chat platforms have become essential for client communication and internal collaboration. But with evolving regulations from MiFID II and FINRA in the US to GDPR in Europe financial institutions face mounting pressure to monitor, archive, and audit every message. Failure to […]
