As the 31 March deadline looms for meeting legislation requiring financial institutions to record and archive all relevant mobile communications, Truphone today offers its Truphone Mobile Recording (TMR) service in the United States. The company has already secured two significant contracts with tier one US financial institutions, and has successfully delivered highly secure mobile recording to major financial services firms in the UK since July 2011.
Unlike application-based solutions, Truphone's solution is network based, so users have a completely normal mobile phone user experience – even when operating internationally. This enables financial institutions to be compliant with the recording regulations, without impeding their operations. Financial Institutions' communications are archived in either their own existing recording architecture or Truphone's redundant managed service environment.
"Truphone Mobile Recording is used by a number of the tier one investment banks both here in the US and in the UK," said Paul Liesching, CEO of TruObsidian, Truphone's mobile recording subsidiary. He continued, "Our extensive experience in the UK market has taught us that degrading a trader's mobile experience has disastrous consequences – Truphone Mobile Recording is designed to work discretely and invisibly, empowering traders to perform unencumbered by the burden of regulation. "
In addition to the USA and UK, Truphone is planning to extend its recording solution to an additional six countries in 2013 and a further eight countries in 2014. Truphone already records calls and SMS made to and from over 200 countries around the world.
The Truphone Mobile Recording solution makes use of the Truphone network, which is specifically designed to keep businesses connected globally. Truphone for Business can save companies between 30-60 percent on international mobile services in more than 220 countries and as much as 90 percent in Australia, United Kingdom, Hong Kong and the Netherlands. Businesses can add multiple numbers to their mobile and receive a single bill, have one mailbox, and use the local number to appear as if they are 'in-country' to callers and business acquaintances.