Press Release
Standard Bank London Implements FaceTime's IMAuditor
FaceTime gives Standard's Energy Group managed and secure access to instant
messaging services
London, 06 August 2003: Furthering its leadership position as the
premier provider of security, management and control solutions for instant
messaging (IM) and other forms of real time communications in the enterprise,
FaceTime Communications today announced that Standard Bank London Ltd, a
leading participant in the international commodity markets, has successfully
implemented FaceTime's IMAuditor™ solution to track and manage its IM
communications.
With the installation, IMAuditor's ability to control, strictly log and audit
every IM conversation allows Standard's Energy Group to conduct vital business
communications using the Yahoo! Instant Messaging network, which is rapidly
becoming the 'de facto' communications standard within the Energy Trading
community, and in a secure and audited environment.
"Our Energy team members were very keen to have this vital communications
channel open, but the Bank required each IM session to be recorded" said
Phillip Scott, New Technology Strategist, at Standard. "By successfully
deploying IMAuditor we can now confidently open the IM channel, providing our
energy division with an important business tool, while significantly reducing
the business and IT security risks inherent in public IM use."
A recent independent survey commissioned by FaceTime amongst the UK's top
investment banks highlighted a need for specific IM management and control. The
results suggest that while IM is widely used as a communications tool, most
organisations have limited policies for controlling its usage.
"We are increasingly seeing the adoption of IM by brokers who count the ability
to communicate in real time as hugely compelling. However, the "bottom up"
method of adoption - by individual traders or across business units - is
causing an increasing number of management challenges for today's information
security and compliance officers," said Glyn Baker, UK Business Development
Director, for FaceTime.
"FaceTime's enterprise IM management suite of solutions have been designed
specifically to address these customer pain points, by providing off-the-shelf
IM management solutions to enable secure and compliant access to the industry's
leading business communications tool."
About Standard Bank Group
The Standard Bank Group is based in Johannesburg and is the ultimate holding
company for the interests of Standard Bank London Limited. With total assets in
excess of US$45 billion and employing more than 37,000 people worldwide, the
Standard Bank Group is one of Africa's leading banking and financial services
organisations.
Standard International Holdings SA (SIH) is the Luxembourg based holding
company for the international investment banking activities of the Standard
Bank Group. Standard Bank London is the principal operating subsidiary of SIH
in terms of balance sheet size and profitability.
Standard Bank London is authorized and regulated by the Financial Services
Authority. The SIH Group has capital resources of £440.4m and employs more than
850 people. Through an expanding international network it offers a wide range
of specialist investment banking and trade services.
www.standardbank.com
About FaceTime Communications
FaceTime Communications enables the safe and productive use of instant
messaging, Web usage and Unified Communications platforms. Ranked number one by
IDC for four consecutive years, FaceTime's award-winning solutions are used by
more than 900 customers – including nine of the 10 largest U.S. banks – for
security, management and compliance of real-time communications. FaceTime
supports or has strategic partnerships with all leading public and enterprise
IM network providers, including AOL, Google, Microsoft, Yahoo!, Skype, IBM and Jabber.
FaceTime is headquartered in Belmont, California. For more information visit
http://www.facetime.com or call 888-349-FACE.
The FaceForward blog, at http://blog.facetime.com,
offers thoughts and opinions about the changing nature of Internet communications.
PR Contact:
Emily Chamberlin
650-762-2945
echamberlin@ar-edelman.com
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