Behavox, which provides the world’s only AI-based data operating platform that enables enterprises to aggregate, analyze, and act on their entire organization’s data, announced that Jefferies Group LLC, the world’s largest independent full-service global investment banking firm headquartered in the United States, has adopted and successfully implemented Behavox’s compliance solution across its global operations.
Read More: Banks Are Experiencing a Kodak Moment: Lessons Learned from a Fallen Giant
This technology partnership supports a progressive compliance culture at Jefferies. Jefferies partnered with Behavox to advance and improve its compliance program across the firm’s international operations after a rigorous proof of concept demonstration and comprehensive performance testing, followed by a year-long implementation of Behavox’s compliance solution.
“With the seamless implementation of Behavox’s platform into our systems, Jefferies is now able to manage its risk with more accuracy and speed than ever before,” Jefferies Chief Compliance Officer Lauri Scoran said. “Behavox protects our global firm and valued employee base while supporting our rigorous regulatory and business requirements. Jefferies will realize meaningful operational savings from Behavox’s compliance solution in the years to come.”
Read More: Banks Are Experiencing a Kodak Moment: Lessons Learned from a Fallen Giant
Jefferies sought to integrate new data types and workflows with the end-goal of enhancing its global compliance solution. Behavox demonstrated both flexibility and adaptability to incorporate Jefferies’ evolving business requirements and stringent legal and regulatory requirements. Behavox delivered a successful deployment, while also helping to implement and validate the new workflows and train users.
Ms. Scoran continued, “Behavox has been a great partner. After a year of planning, analyzing and executing compliance requirements, our team can focus more on evolving regulations and protecting our valuable employees. We were very impressed by the hybrid environment, user interface enhancements, customized reports and countless training sessions Behavox provided for our organization during the implementation process.”
Read More: GlobalFintechSeries Interview with Michael Higgins, Chief Executive Officer at Velox Clearing
