A Look At The Two Main MiFID Call Recording Approaches That You Can Use
                     A LOOK AT THE TWO MAIN 
MIFID CALL RECORDING 
APPROACHES THAT YOU CAN 
USE
A LOOK AT THE TWO MAIN MIFID CALL 
RECORDING APPROACHES THAT YOU CAN 
USE
• If have a financial service business, implementing a MiFID call recording solution is a must. The Imminent 
Markets in Financial Instruments Directive (MiFID II) brings forth a couple of mobile phone recording 
technologies that you should take advantage of.  MiFID II-approved enterprise mobile recording vendors 
mainly offer two methods for monitoring, preserving and securing enterprise MMS, SMS, mobile phone calls 
and other electronic records, namely through an app and through and enterprise-issued SIM card that steers 
electronic communications through a network-based archiving server.
• The app-based MiFID call recording approach requires financial advisors as well as corporate broking firms to 
install a special native app on their mobile phones. With this app, employees can freely exchange text 
messages and make phone calls to their colleagues and then send a copy of these communications through 
a vendor-owned cloud-based server, or through a centralized archiving database for the purpose of archiving 
these records. One of the things that you will love about this approach is the fact that it is independent of 
the mobile network operator. This means it can archive mobile communication regardless of where a user is 
located. Most app-based archiving solutions work with company issued and BYOD devices.
A LOOK AT THE TWO MAIN MIFID CALL 
RECORDING APPROACHES THAT YOU CAN 
USE
• The network-based MiFID call recording approach requires financial advisors and 
corporate broking firms to install a new SIM card that can automatically route 
MMS, text messages as well as voice calls on the operator’s network or the 
company’s on premise centralized archiving server.  Most companies prefer this 
approach because it dismisses the latency issues involved with the app-based 
method and provides more reliable archiving service. Since it does not require an 
app, it means that no lengthy installation process is required, something that 
results into reduced cost as well as management complexity.
•  For more information on the two main MiFID call recording approaches that you 
can use, visit our website at https://www.telemessage.com/
A LOOK AT THE TWO MAIN 
MIFID CALL RECORDING 
APPROACHES THAT YOU CAN 
USE