Financial regulations, such as MiFID II, require the recording of all telephone conversations and electronic communications intended to result in a transaction or the provision of client order services, including those conducted via mobile phones. NICE's Mobile Phone Recording solution ensures compliance by capturing, storing, and retaining all types of voice and SMS communications related to trading. This comprehensive approach enables firms to monitor more employees and communication channels, including applications like WhatsApp and WeChat, thereby closing compliance gaps and protecting the firm's reputation.