Relativity today announced the launch of Relativity Trace, an application built on the Relativity platform that helps businesses operating in highly regulated industries to proactively monitor internal communications and flag the highest-risk content for further review.
Organizations can detect and act on suspicious activity, including insider trading, collusion, improper investment management practices, bribery, and other high-risk scenarios.
Trace comes at a crucial time for industries like banking, investment management, and pharmaceuticals. Since 2008, banks have paid over $320 billion in fines for preventable issues like market abuse and money laundering. With Trace, these groups will be able to effectively identify and help eliminate this behavior within their organization, stopping problems before they become larger issues.
Trace can automatically ingest all forms of communication from your systems, including email, audio, and chat. As it does, Trace uses rules and criteria determined by your organization to flag the most relevant data—immediately alerting your risk management and compliance teams to what needs further evaluation. You can then leverage Relativity to move from alert to investigation and all the way through the full lifecycle for e-discovery in a single system.
"As the impact of regulatory failings increases year over year globally, Trace has the opportunity to truly revolutionize the risk management and compliance monitoring industry with a proactive solution," said Jordan Domash, General Manager of Relativity Trace. "We're excited to see how our customers leverage Trace—and the entire Relativity platform—to catch bad actors from the moment an alert is sent to the end of any subsequent investigation or litigation."
Trace already has a growing list of global customers, including PwC, who expects the application will allow them to streamline their compliance business and expand in new areas.
"We're excited to use Trace to create valuable efficiencies in our compliance projects," said Matt Joel, director at PwC UK. "We already see the potential it can offer to our clients and we look forward to further leveraging the Relativity platform to move into markets beyond eDiscovery."
At Relativity, we make software to help users organize data, discover the truth, and act on it. Our e-discovery platform is used by more than 13,000 organizations around the world to manage large volumes of data and quickly identify key issues during litigation, internal investigations, and compliance projects. Relativity has over 160,000 active users in 40+ countries from organizations including the U.S. Department of Justice, more than 70 Fortune 100 companies, and 199 of the Am Law 200. Relativity's cloud solution, RelativityOne, offers all the functionality of Relativity in a secure and comprehensive SaaS product. Relativity has been named one of Chicago's Top Workplaces by the Chicago Tribune for seven consecutive years. Please contact Relativity at firstname.lastname@example.org or visit http://www.relativity.com for more information.
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