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Deloitte and Relativity expand strategic alliance to offer compliance monitoring application

Added on the 21st May 2019 at 12:59 pm
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And in further Big Four news Deloitte has expanded its strategic alliance with Relativity to offer Relativity Trace, a compliance monitoring application. Trace will help clients more proactively detect and mitigate violations of industry regulations and organizational e-communication policies.

Housed on Relativity’s cloud-based platform RelativityOne (or elsewhere), Relativity Trace offers proactive compliance monitoring for e-communications that can connect to most major enterprise and financial collaboration systems. Capturing structured and unstructured data from more than 40 sources including email, audio, chat and other file types, the solution offers near-real-time alerts on high-risk activities like fraud or collusion that necessitate closer analysis.

It follow’s last year’s announcement that Deloitte and Relativity were turning their nine-year relationship into an eDiscovery alliance.

“Whether your industry is highly regulated or not, having a solution in place to identify and alert legal, compliance, risk management and other teams when possible noncompliant behavior occurs can mean the difference between containment and crisis,” said Chris May, Deloitte Risk and Financial Advisory principal and discovery practice leader, Deloitte Transaction and Business Analytics LLP. “Using a fully customizable solution across enterprise data to identify activity requiring deeper investigation can help accelerate efforts to manage investigative, litigation and regulatory matters, as well as corporate e-communication policy concerns.”

Jordan Domash, general manager of Relativity Trace for Relativity, added, “Increasingly our clients are asking for ways to identify high-risk behavior occurring in their businesses. To us, a proactive automated approach with integrated machine learning is key to culling massive amounts of data and reducing false-positives.  That said, for such automation to work well, it needs to be customized and monitored by seasoned investigative professionals.”

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