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Citrix ShareFile Helps Financial Firms Meet Compliance Requirements with New Archiving Capability

SANTA CLARA, Calif.–(BUSINESS WIRE)– Citrix today announced that ShareFile, the company’s popular secure file sharing service, now offers Archiving for Financial Services to help firms comply with data archiving regulations. This offering enables financial services organizations to satisfy their record-keeping requirements under SEC and FINRA rules and avoid costly fines associated with not meeting regulatory requirements. In the past year, customer adoption in the financial sector doubled as more institutions turned to ShareFile for a secure and easy-to-use solution to store and send large files. Today’s news helps the company further address the market.

Registered Investment Advisors (RIAs) and Broker-Dealers (BDs) are required to maintain records of customer contact in alignment with archiving regulations. Many use one service to collaborate and share documents that are not covered by archiving laws, while simultaneously maintaining a separate system for their regulated documents. ShareFile simplifies the user experience into one secure solution.

Key Benefits

ShareFile Archiving for Financial Services helps users comply with record-keeping requirements, such as SEC and FINRA, by offering retained, indexed, auditable and searchable records of client communications for the period required or longer. Account files, folders, sent messages, active and inactive links and notifications are archived rather than deleted when no longer needed.

Frontier Wealth Management and Pennsylvania Trust are among the first companies to select ShareFile Archiving for Financial Services to help them achieve compliance.

Quotes

According to Terri McClure, Senior Analyst, Enterprise Strategy Group, “Given concerns about data security, the threat of lost IP (intellectual property), regulatory compliance violations, or worse, Enterprise Strategy Group has long maintained that organizations should increasingly focus on gaining control of individual employees’ online file sharing accounts by providing and standardizing on one IT-approved solution for the entire organization.”

“Our customers’ needs and workstyles inform every design choice that we make,” said Jesse Lipson, VP & GM, Data Sharing, Citrix. “Today, it is more critical than ever for financial institutions to maintain access to accurate records of their communications with customers to ensure they remain compliant with industry regulations. ShareFile offers the most complete electronic record keeping solution for compliance on the market, providing customers with the ease and assurance that they can access the data they want when they most need …read more
Source: FULL ARTICLE at DailyFinance

By Business Wirevia The Motley Fool

Filed under: Investing

Citrix Receives Highest Possible Rating in Gartner MarketScope for Enterprise File Synchronization & Sharing

SANTA CLARA, Calif.–(BUSINESS WIRE)– Citrix today announced that the company received the highest possible rating of “Strong Positive” in Gartner Inc.’s “MarketScope for Enterprise File Synchronization & Sharing (EFSS).”¹ The report assesses Citrix ShareFile™, the foundation of the company’s follow-me data strategy. Citrix was evaluated for its corporate viability, product, business and product strategy, innovation and customer experience.

According to report authors, Monica Basso, vice president at Gartner and Jeffrey Mann, vice president at Gartner, “File synchronization and sharing is a critical capability for mobile workforces whose organizations have ongoing mobility initiatives with media tablets and BYOD programs. We expect IT organizations will face increasing demand for these capabilities, with deeper focus on security and compliance by regulated or security-conscious enterprises.”

“We’re seeing strong customer adoption of Citrix ShareFile, with 300 percent growth in enterprise licenses over the past six months,” said Jesse Lipson, VP & GM, Data Sharing, Citrix. “Growth was fueled by focusing on customer needs and experience, seamless integrations with other Citrix products to provide a comprehensive enterprise mobility solution and partnerships with top industry players. We believe Gartner’s Strong Positive rating affirms our leadership in the market and reflects our commitment to innovate and deliver a delightful user experience while meeting the security requirements of enterprises.”

Citrix ShareFile is an enterprise follow-me data solution that enables IT to deliver a secure, managed and robust service that meets the mobility and collaboration needs of all users. ShareFile empowers users to securely share files with anyone, and sync files across all of their devices. With ShareFile, IT also gains the flexibility to store enterprise data in the most optimal locations to meet compliance and performance requirements.

Citrix continues to innovate to meet and exceed user and IT expectations. With the recently released StorageZone Connectors for network shares, Citrix allows IT to extend their organizations’ follow-me data strategy beyond the data stored in ShareFile. Building on its leadership in the desktop and app virtualization space, Citrix also introduced the industry’s first sync capability optimized for virtual environments. With a strong focus on enabling enterprise mobility, Citrix released new features for iOS (iPad and iPhone), Android and Windows 8 since the start of the year.

The Gartner “MarketScope for Enterprise File Synchronization & Sharing”is available on the Gartner website and the Citrix website here. Click to tweet.

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