Risk and Compliance

The Behavox Platform automates compliance and eliminates risk. AI-powered algorithms reduce false positives and reveal insider risk. Stakeholders are safe in the knowledge that employee misconduct is always identifiable and rogue behavior can be identified early to protect corporate integrity.
 
The platform ensures that senior management has access to all relevant data. Businesses gain an authoritative record that improves regulatory oversight. In an age of increasing accountability it is critical that employees and managers have access to key data.

Return on Insight

  • 99% reduction in false positives
  • Increase in effectiveness of oversight
  • 75% reduction in total cost of compliance
  • Improved relationships with regulatory bodies
Illustrative performance of keyword based search on the Behavox Platform versus legacy system.
 
 

Behavox search results

Legacy system search results

Confidential

0

1,637

Private

8

699

Tight lipped

0

5

Trust

0

583

Hide

1

129

Hush

0

18

Abuse

0

98

Breach

0

57

Compliance

0

4,870

Take

2

9,077

Rip

0

86

Squeeze

0

265

Terminate

0

124

Trigger

0

170

Mass

0

114

Drive

0

690

Dump

0

110

Pump

0

66

Total

11

18,798

The results are based on actual customer data. None of the ‘hits’ were not related to compliance issues.
Request full case study

Key Advantages of the Behavox Platform

Behavox maintains a large library of optimized scenarios that can be easily downloaded into customer environments

Sample of unique scenarios ready for download:

Symbols in text

Scenario monitors language deviations from Code of Conduct: it finds short text messages (sms, chat and short emails) containing words with symbols among letters, e.g. '$ymbol'. This language behavior often serves to mask  illegal communication, sharing of passwords or inappropriate lexicon.

Font deviations

Scenario looks for instances where font types or colors are being changed at random. This scenario is able to distinguish between trading data and regular communications.

Hidden messages

Scenario should detect usage of HTML/CSS to hide text: for examping using white font color on a white background;

Front Running

Scenario uses both communications data AND transaction data to to monitor for instances where a monitored employee sends a piece of communication that contains a ticker or a keyword from an entity list. The scenario matches these communications to transactions, within a defined period of time,  that contain the same ticker or keyword to generate a case.

Search across all data

Ability to run a variety of searches across all structured and unstructured data on the Platform. The search is filterable by financial relevance, employee names, data types and dates. Search and retrieval functionality of the Behavox Platform is widely used by Legal teams for e-discovery.

Case Management

Collaborative dashboard with a configurable workflow for review, escalation and resolution of cases generated by Behavox scenarios and users.

Access controls

Granular data governance and controls allowing for permission based access to reviewing data and using the Behavox Platform functionality.

Scenario back-testing

Scenarios can be created, backtested and fine-tuned within the Behavox Platform, negating the need for testing and pre-production environments and empowering users to amend and improve scenarios with speed and efficiency.
Request Demo

Behavox Scenarios provide instant compliance

Behavox scenarios are continuously refined and leverage Enforcement Case Database (ECD) in addition to feedback from the Compliance Community.

ECD

Behavox Enforcement Case Database (ECD) contains close to 16 years worth of enforcement cases spanning a multitude of regulatory categories from several jurisdictions.

Behavox scenarios incorporate true positives and contextual information from the enforcements in the ECD.

Legal, Compliance and Risk teams across Behavox customer base leverage the ECD to better understand the regulatory landscape and enforcements around new and old regulations.

Request Access to ECD

Compliance Community

Behavox community brings together Governance, Risk and Compliance teams from across the financial services industry in Europe and North America.

 

The compliance community is open to all G.R.C personnel and is typically frequented by Chief Compliance Officers.

 

Events are held regularly under Chatham House rules where experts can share insights and use-cases from their organizations or can ask questions of their contemporaries.

 

Behavox employs in-house Compliance team that publishes and distributes  Compliance newsletters, Surveillance newsletters and Regulatory Research packs.

 

Below you can download sample of our publications:

 

Compliance Newsletter

October 2017

Surveillance Newsletter September 2017

MiFID II Research Pack

FILE (PDF)

FILE (PDF)

FILE (PDF)

Request NLP demo
Download Research Papers

Behavox Platform ensures compliance with wide range of multijurisdictional regulations

Behavox has developed subject matter expertise in compliance by way of studying regulations and building relationships with regulatory bodies. Notably, Behavox has a strong understanding of regulations in the UK, Europe, USA and Singapore, which is reflected within the Behavox Platform.
 
This subject matter expertise has been used to develop the Behavox Platform in accordance with large regulatory mandates, as an example:
GDPR

Behavox ensures the ongoing confidentiality, integrity, availability and resilience of systems and services processing personal data.


The Platform restores the availability and access to data in a timely manner in the event of a physical or technical incident.


Behavox uses machine learning to effectively mask or anonymize personal and sensitive data including social security and national insurance numbers.

MiFID II

The Behavox Platform can be used for voice retention in-line with regulatory requirements.


The Platform uses machine learning to assist customers in detecting unwanted research. Moreover helping to determine if there was benefits were derived from it.


The Behavox Platform ensures that customers meet “best execution requirements” by monitoring that all sufficient steps were taken to identify the best price.

MAR

Behavox Platform allows organizations to expand their compliance monitoring to cover a wider range of financial instruments and trading venues.


The Platform monitors for unlawful disclosure of insider information (MNPI); identifies instances of market manipulation; and ensures compliance with rules on market soundings.

FINRA 3110

The Behavox Platform enables users to review both communications data AND transaction data on the same platform. The platform uses predefined scenarios to automatically generate cases that contain written communications and associated transactions.

Request Demo