LIMRA announced Monday it has partnered with Smarsh, a provider of secure e-mail archiving solutions compliant with FINRA and Securities and Exchange Commission standards, to provide these services to its members.
Smarsh’s services cover all electronic communication, including instant messages and all types of text messages, including Bloomberg.
“Firms are facing growing archives of e-mail and other forms of electronic communication,” noted James Kerley, president of LL Global Services, LIMRA’s parent company. “Managing this data, from a compliance perspective, is complicated and challenging. Smarsh…has a successful track record in helping financial services and insurance firms successfully navigate these challenges.”
Smarsh currently serves more than 10,000 customers, most of which are financial services firms, via a SaaS, software as a service, delivery model. Its offerings via LIMRA will be available as a fee-for-service.