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
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.