New firm, Revista Systems, created to support the specialised communications needs of the financial services community, has officially launched in the UK. At the same time, the company has announced the availability of Revista CCM, a communications convergence management solution which links and tags all relevant voice, intercom, hoot, mobile, chat and other electronic mediums via a user interface.
Revista Systems is led by Umesh Patel, who mostly recently established and ran ICAP's RESET bond business. Revista System is a subsidiary of CSF Capital, a Melbourne based family office, led by entrepreneur Andrew Robinson.
Andrew Robinson, Co-Founder and Executive Chairman of Revista Systems said, "we are delighted that someone of Umesh's calibre and experience has agreed to join us to lead the business in London. Our principle for this important market is Communications Convergence Management (CCM) and our goal is to provide a competitively priced, agile system which helps financial firms to achieve their market conduct and productivity goals. We are already engaged in conversations with a number of financial institutions, and very encouraged by the genuine interest these have generated."
Revista CCM, available as a private cloud or a SaaS solution, integrates with existing communications infrastructure to structure and link metadata to and create a structured record management repository. Improved workflow and automation capabilities facilitate the instant and accurate linking of every relevant interaction related to enquiries and trades from inception to settlement.
With the MiFIDII deadline looming, surveillance and compliance teams, sales and business managers have access to an adaptable and cost-effective solution which improves transaction communications scrutiny and overall efficiency and productivity. Revista CCM is a non-disruptive solution which can be up and running very quickly with a flexible range of options from micro-service deployment to multi-channel integration. APIs, automation and CRM integration reduce manual intervention, accelerating regulatory compliance capabilities and facilitating improved business productivity. Its inherent design is highly flexible and is appropriate for both buy and sell side financial firms.
Umesh Patel, Head of Product Strategy and Business Development at Revista Systems added, "under MiFID II, although yet to be confirmed, it is very likely that financial firms will only have 48 hours to provide complete evidence of all communications relevant to any business or trading transaction that is under investigation. This mandate applies equally to both internal and external interactions. Without Revista's comprehensive linking and tagging capabilities this is very difficult to achieve, and currently it's highly likely very few firms would be able to comply with this non-negotiable, time sensitive demand."