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SHIELD LAUNCHES NEW VERSION WITH ROBUST EDISCOVERY CAPABILITIES, EMPOWERING
COMPLIANCE TEAMS TO WORK BETTER


News

Shield


Shield’s new release was built for the users, by the users, incorporating
customer insights into one optimal platform, and introducing compliance
eDiscovery to address the advanced needs of the world’s biggest banks

We’re proud to announce a new version of our award-winning, end-to-end
communication compliance platform, including an industry-defining eDiscovery
tool that offers firms a fast response to regulatory inquiries while increasing
team efficiency and enabling collaborative case management. Shield 3.1’s
market-leading platform was developed, refined, and actualized through countless
rounds of in-depth conversations with compliance users, resulting in a modern,
dynamic platform that is solely built so today’s compliance professional can
quickly search and drill down the right results while gaining access to smart
analytics and insights across the full eDiscovery flow.

Since the pandemic, there has been a proliferation of electronic communication
apps like WhatsApp, Zoom, and more, causing massive data, risk, and compliance
challenges for the regulated enterprise, including regulator investigations and
financial firms facing potentially billions in fines. Electronic discovery
(eDiscovery) is a procedure by which financial institutions preserve, collect,
review, and exchange information in electronic formats so they can respond to
audits and investigations. Failure to do so in today’s regulatory climate can
result in significant fines and restitution, liability concerns, loss of market
access, company reputation harm, and more. With Shield, firms not only ensure
they have access to the data needed by regulators, but its eDiscovery solution
also reduces the firm’s response time to meet regulators’ requests by providing
efficient collection, review, and extraction of relevant data.

“One of the things we discovered in our user research was the fact that
compliance teams are struggling with eDiscovery, so that drove us to create the
world’s best compliance eDiscovery platform,” said Nicole Aviv, Head of Product
at Shield. “Shield’s revolutionary eDiscovery solution incorporates AI and NLP
capabilities into search to bring laser-focused results and drastically reduce
compliance investigation time. Unlike our competitors, Shield’s fast search,
smart insights, and analytics focuses on the user and improves operational
efficiency.”

With a deep understanding of its customer’s needs and expectations following
comprehensive user research, Shield 3.1 provides a new, better compliance
platform that users will love and is a significant upgrade from existing legacy
vendors that are inefficient and outdated. Through close collaboration with its
customers, enhancements to Shield 3.1 include a fresh User Interface and User
Experience (UI/UX), a drastically improved way of reviewing and handling alerts,
updated case management functionalities new, out-of-the-box reports, and a
completely transparent and explainable alert drill down.

“I honestly believe that compliance teams will love this new version of Shield
because it was built in partnership with them. We’ve kept talking to our
customers and industry leaders and prioritized their needs so they can have a
platform that is optimized for the current regulatory landscape,” said Shiran
Weitzman, CEO and Co-Founder at Shield. “Too often, financial enterprises settle
for archaic non-friendly software and end up hating the look, feel and
functionality of their day-to-day tool, but this latest version of Shield is a
direct result of the constant feedback and insights we’ve learned from our
valued clientele.”




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