OCC and the Fed said the bank failed to surveil billions of trades on at least 30 global trading venues.
The new cloud-based audio solution supports a single record for chat and voice for the first time.
Deutsche Bank was not fined as it revealed the cartel to the Commission.
The trade surveillance organization has completed the SOC 2 Type 2 examination.
Enforcement director says repeat offenders "should expect a reassessment of the penalty size."
Prosecutions can provide lessons for firms to improve compliance, governance and trade surveillance.
The bank failed to fully record and retain thousands of calls.
MD of Pershing Operations says the upcoming regulatory agenda presents challenges.
Newer technologies such as AI are infiltrating all areas of life, and compliance is no exception.
