Apr 22, 2016 11:07 Asia/Seoul Time Zone
Use of Thomson Reuters Eikon Messenger Surges As Companies Adopt Compliance Services in South Korea
  • Number of companies using Eikon Messenger’s compliance services exceeds 25,000, reflecting market confidence in Thomson Reuters as a source for open, free, and compliant communications amid market transitions
SEOUL--(Korea Newswire) April 22, 2016 -- More than 25,000 companies are now using the compliance services in Thomson Reuters Eikon Messenger, an indication of growing awareness across the financial and professional services industries of the need for open, yet compliant instant messaging communications.

Financial professionals in South Korea, particularly those working in OTC markets, have historically used consumer instant messaging platforms to communicate amongst themselves and their customers. However, such consumer platforms do not offer the enhanced level of compliance controls that these firms now need to meet local and global regulatory requirements. Institutions in South Korea need a free, secure and compliant messaging platform to conduct business, as well as build and maintain client relationships.

Eikon Messenger is an established, open and secure instant messaging collaboration tool for the global financial community. Available as part of Thomson Reuters Eikon and as a standalone, free-of-charge application, Eikon Messenger provides users with access to the world’s largest open directory of over 270,000 users across more than 180 countries.

Eikon Messenger includes a free suite of tools to help firms with their compliance requirements. This reduces administrative burden and increases efficiency without compromising control, helping provide increased confidence for risk and compliance professionals, as well as Eikon Messenger users themselves. Eikon Messenger also offers tools and services to help companies comply with the varied global regulations for recordkeeping.

“Thomson Reuters has seen a surge in activity on Eikon Messenger in South Korea as more and more companies realise the benefits of a secure and compliance-enabling instant messaging tool,” said Stuart Brown, Head of Financial, Asia at Thomson Reuters. “Firms across South Korea are telling us that they want effective and secure communication tools that will help them build trust and confidence with their networks. They are increasingly turning to Eikon Messenger to help them do this.”

By running on an open network, Eikon Messenger allows interconnectivity with other systems, leading to easier implementation. It also helps reduce cost and complexity while simultaneously boosting both efficiency and transparency. The compliance tools in Eikon Messenger are available to all users at no cost.

For more information on Eikon Messenger in Korean, please visit the website.

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