With Actiance Socialite, company employees can share and engage using the latest public and enterprise social channels, like Workplace, while ensuring security, governance, and compliance needs such as those under MiFID II and MAR, are met.

“Being able to reconstruct past events accurately is crucial to MiFID II. Firms must be able to supply regulators with communications associated with a specific trade,” said Scott Whitney, SVP product management, Actiance. “With Actiance’s modern, extensible architecture, firms can easily deploy Workplace by Facebook while continuing to meet compliance demands.

Today’s enterprises are continually seeking tools that allow distributed teams to communicate and solve business problems faster and more efficiently. Moreover, as younger generations enter the workforce they expect personal social networking tools to integrate into their business environment. Workplace is architected to function like Facebook while allowing businesses to manage and create their own social networks amongst employees. Thanks to its widely familiar interface, Workplace is lowering the adoption hurdle for employees to start collaborating. That means the need to create and enforce policies for the compliant use of Workplace is even greater.

“Companies are spending unprecedented amounts on compliance initiatives and dedicating armies of employees to work on implementation,” said Sean Pike, program vice president, Security Products, IDC. “As enterprises adopt new social channels, including Workplace, organizations should consider solutions such as Actiance Socialite to increase efficiencies, reduce costs, and create a culture of continuous compliance while providing high levels of visibility across the myriad of social tools to do business securely and compliantly.”

Unlike traditional and ad hoc retention solutions, Actiance Socialite retains complex metadata on social communications platforms including third-party content capture, uploaded images, threaded comments, and user details. Enterprises deploying the Workplace platform can use Socialite to discover members and groups and capture communications using the admin API access. Not only does Socialite capture social communications data in context to streamline compliance, but it also retains the data in context on Actiance’s archiving platform Alcatraz for smarter search, hold, and review.