What is Bluewatch
Bluewatch is a comprehensive and GDPR-compliant surveillance technology for unapproved personal devices on trading floors. This unique and accurate management technology enables you to understand the journey and behaviour of every single mobile device in restricted areas. Bluewatch is an enterprise product that involves fixed installations of hardware sensors that run on a separate network within corporate infrastructure.
71% of surveillance experts believe unrecorded mobile devices are being used in restricted areas.
Source: 1LoD Surveillance Digital Debate
Personal devices: unmonitored risk on trading floors
Personal smartphones have been a major headache in the financial sector for over a decade. These devices on trading floors are a huge security risk as they are almost always online and largely unmonitored on the grounds of privacy concerns and employee wellbeing. All this makes personal trading and insider trading through unmonitored smart devices incredibly easy leaving a door wide open to market abuse despite of all existing access control, surveillance, and security measures.
Personal devices: becoming a norm
The average duration of mobile calls has increased from 48 seconds pre-pandemic to 3 minutes.
The pandemic has brought a major behavioural shift to the culture and conduct on trading floors. The risk practitioners in various firms acknowledge that post-pandemic people are increasingly using their personal phones and the firms are increasingly allowing them to do so. The average duration of mobile calls has increased from 48 seconds pre-pandemic to 3 minutes. All other comms methods seem more and more antiquated, and using personal phones is quickly becoming the most efficient and competitive way to get business done.
The average duration of mobile calls has increased from 48 seconds pre-pandemic to 3 minutes.
Key benefits
Regulatory Compliance for Unapproved Devices
Delivers regulatory compliance requirement for unapproved personal device surveillance, e.g. FCA’s SYSC, MiFID II, reducing the risk of financial crime, such as insider trading, market abuse through unapproved comms devices.
Compliant with GDPR and Privacy Regulations
Bluewatch technology monitors the device usage only and does not collect any content or breach employee privacy. Compliant with GDPR and privacy laws and regulations across the board.
Integrates with Other Surveillance Technologies
Bluewatch is flexible and integrates with various technologies, which enable to control mobile devices and their applications.
Bluewatch: watch it in action
The number of active personal mobile devices in regulated areas is rapidly increasing. Mobilewatch can make the invisible visible by locating the hidden conduct breaches in real-time, and help you get ahead of regulatory enforcement in your organisation.
See it in action in this short video.
Automate your personal device surveillance technology
Already 20% of financial firms claim that their personal device surveillance technology is fully automated. Increase compliance and security with a disruptive new technology that detects all mobile signals across all networks by cellular, wireless and Bluetooth.
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