Vera and RFA Partner to Help Financial Firms Stay SEC Compliant
When Vera made its debut almost a year ago in April 2015, more than half of our launch customers were hedge funds and asset managers. In innovative financial firms like Hitchwood, Deerfield Management, K1, and Tremblant Capital Group, we found kindred spirits.
We’re proud to say we have almost doubled our financial services customers in the last nine months. It’s an ideal match, because in a business based 100% on trust, the loss of privileged information can be a mortal wound. These firms must move quickly, make informed decisions, but above all else, protect the confidential and private information of their clients.
Through our journey, we discovered another innovative company, perfectly aligned with our mission: RFA. For more than twenty years, Richard Fleischman & Associates has helped the world’s most successful hedge funds and asset managers apply policy, technology, and strategy to improve the performance and security of their infrastructure. Today, I’m thrilled to announce that Vera and RFA are partnering to bring our powerful, flexible data security platform to RFA’s hedge fund and asset management customers.
Through this partnership, RFA is enhancing their existing Information Rights Program, which already provides advanced data governance, user training, and testing capabilities to firms in the US and abroad. By adding encryption, access control, and Vera’s tools to prevent data loss to this sophisticated portfolio, we’re helping funds of all sizes comply with the complex regulatory oversight put in place by the SEC.
As recently as January, the SEC reaffirmed their commitment to their cybersecurity examination priorities, calling out an increased focus on “firms’ compliance with the SEC’s Regulation SCI, designed to strengthen the technology infrastructure of the U.S. securities markets.” In this environment, it’s critical that firms seek expert assistance to evaluate and shore up their policies and technical capacity to meet industry standards. In particular, the SEC is looking for increased investment in data access controls, encryption, data loss prevention, and incident response.
Vera’s modern IRM tools can secure and track files, wherever they travel, online or off, and are an ideal match for this challenge. Moreover, with our companies’ mutual focus on training, awareness, and the end-user experience, funds will realize the added benefit of heightened security awareness and compliance across the organization, from senior partners to junior associates.
We’d love to show you more about the potential of this partnership, and how we’re already helping firms protect confidential data, financial models, and investor letters with Vera. We’re hosting a webcast with Grigoriy Milis, CTO of RFA on Wednesday, February 24th – we’d love to have you in attendance.