EE Partners Etrali for FCA Recording Compliance

Etrali, until recently the trading solutions arm of EE's UK rival Orange, will provide its cloud infrastructure for record storage, or clients can opt to have it routed to a server of their own choice. The UK Financial Conduct Authority (FCA), in continuing a ruling from its predecessor, the Financial Services Authority (FSA), requires mobile telephone conversations related to equities, bonds and derivatives transactions to be recorded and stored. Similar provisions exist in European and US regulation. The recording solution works from a SIM card, is handset agnostic, and runs automatically without user input.

As part of its push into the potentially lucrative City market, EE is also promoting its own tool allowing firms to have deep-level control over BlackBerry handsets, as well as its enhanced 4G mobile internet service.

"With our 'In The City' strategy, we've put together a complete package for financial services organisations that makes it easier for them to securely manage their mobile device fleets and comply with regulations governing mobile trading," says Gerry McQuade, chief marketing officer, business, at EE.