Information sharing can lead to some devastating consequences for financial institutions. Therefore it is important to maintain a strong firewall in place with detection tools present over there. To get more information visit: https://bit.ly/3qczXZp

1. THE MANY CHALLENGES OF
INFORMATION SHARING

2. BUILDING THE
CHINESE WALL
This highlights a major challenge when
it comes to compliance — particularly
when it comes to the public and
private side employees in financial
institutions. The problem comes down
to the fact that financial services firms
frequently receive and handle
information that counts as confidential
or “insider” information (also known as
MNPI – or Material Non-Public
Information).
INFORMATIONAL
FIREWALLS
The concept of Chinese walls has
existed since the 1929 stock market
crash when Congress first seriously
discussed regulatory barriers
separating investment bankers and
brokers. However, the need for such
divides has greatly increased over the
past couple of decades, following the
enacting of the Gramm-Leach-Bliley
Act of 1999 (GLBA).

3. HAVE THE RIGHT
TOOLS IN PLACE
At Shield, we know that the world of detection doesn’t stay still. It’s not
enough to simply set up lexicon-based models and hope that they will
catch any potentially violating behavior that’s thrown at them. With
that in mind, we continually add to, modify, and otherwise improve the
detection models we used to provide updated coverage regarding the
latest risk areas, along with new products, areas of business, mandated
lines, and comments from regulators.
CONTACT US
https://www.shieldfc.com/