WhatsApp on Wall Street now has a Watchman
WhatsApp: A banker at Credit Suisse has more than 30 years of his career recently his job after the Securities and Exchange Committee found “unauthorized messages” with customers on his personal WhatsApp application.
In an attempt to reduce practices such as trading from the inside, the agency asked many banks to deliver personal mobile phones to more than 100 employees in major positions – from traders to investment bankers.
The episode made the compliance sections in the banks rethink the way the bankers use correspondence applications. Now, some Wall Street banks require employees to install Movius on their mobile phones – a system that tracks and monitors all calls and work messages that employees exchange on applications such as WhatsApp and on social networks.
It is clear that this procedure is not satisfactory, as the debate about where the banks ’right to monitoring ends and where the pendants of the bankers begin.
An executive director of an American bank in a major American bank told Business Insider that she felt “uncomfortable” when her employer asked her to download the application on her personal cell phone.
She did not acquiesce until after receiving several requests from her president and was told that if she does not comply with the request, she will be added to the list of “non-compliant” employees. Another market specialist went to Reddit to express the situation. “This is on our personal phones.
I am very uncomfortable with this because it seems to be a major violation of privacy, but I don’t know enough to serve to understand whether this is justified. “
Movius says his system is privately friendly, and that he only tracks business talks. Basically, the application creates a working number on a person’s cell phone, which will be used to make work-related calls and create a professional WhatsApp account.
Anantus SIVA, CEO of Movius, told Insider that the application works as if the user opens an internet browser with two tabs at the same time: one has the right to access a website or an internal basic system for the company, while the other is open in any other site. The site is not related to work.
The data stored in each tab is separated. There is an ethical wall. The personality and personal life are completely separate, but they actually do the same device, allowing the employee not to have to carry two cells. “
The CEO guarantees that Movius takes only data from communications that are made via SMS, WhatsApp, or calls using the business number. If the fashion spread in Brazil …