MCO and LeapXpert Partner to Capture WhatsApp and WeChat for Financial Compliance

MCO and LeapXpert have partnered to integrate popular consumer messaging platforms directly into MCO’s compliance environment, allowing financial services firms to record and archive communications from WhatsApp, WeChat, and Telegram. This integration addresses the growing regulatory pressure on firms to eliminate "shadow IT" and maintain strict recordkeeping standards across increasingly fragmented mobile channels.

What was announced

The partnership enables financial institutions to capture business-related conversations occurring on consumer-grade messaging apps, including WhatsApp, WeChat, LINE, Telegram, and SMS. These communications are recorded through LeapXpert’s technology and then funneled into MCO’s existing compliance platform for review and long-term archiving. This setup allows firms to sanction the use of these channels for client and internal communication while meeting rigorous supervisory requirements.

By centralizing these disparate data streams, the collaboration aims to reduce the reliance on siloed systems. Recent research conducted by The Harris Poll on behalf of MCO highlighted that financial services firms currently manage an average of 14 different compliance systems. This fragmentation often leads to significant gaps in risk visibility. The new integration is designed to close these gaps by bringing mobile communication oversight alongside other compliance functions, such as trade monitoring and personal conflict of interest checks.

The move follows a period of rapid expansion for MCO. In the weeks leading up to this announcement, the company has extended its oversight capabilities to include Slack and prediction markets. This technological push is supported by more than $100 million in strategic growth financing recently secured from Accel-KKR Credit Partners, which the company is using to accelerate the development of its product suite and artificial intelligence capabilities.

"Employees and clients want to communicate on the channels that are easiest for them, and firms can’t afford to simply say no. Employees may use those channels anyway, creating a shadow IT environment and a compliance blind spot,"

Sean Sullivan, VP of Product, eComms at MCO

The companies involved

MCO, also known as MyComplianceOffice, is a provider of integrated compliance software designed to help financial services firms manage regulatory risk and employee conduct. The company’s platform is used by a broad range of global institutions to monitor activities such as personal account dealing, gifts and entertainment, and outside business activities. MCO has recently focused on scaling its operations through leadership appointments and significant capital injections, including its recent partnership with Accel-KKR Credit Partners.

LeapXpert specializes in "Responsible Business Communication," providing a platform that bridges the gap between consumer messaging apps and enterprise compliance requirements. The company’s technology allows employees to use their preferred communication tools while ensuring that all business-related data is captured, governed, and archived according to corporate and regulatory policies. Based in New York, LeapXpert has established itself as a key player in the mobile communication governance space, helping firms navigate the complexities of modern digital interaction without sacrificing security or regulatory standing.

What FF News has reported before

FF News has closely followed MCO’s recent expansion and research initiatives. In October 2026, the company addressed emerging regulatory concerns by launching MCO Tackles Prediction Market Risks with New Employee Trading and Communication Oversight. This followed a significant industry survey where MCO Research Reveals 93% of Compliance Leaders Expect Budget Hikes Amid Tech Fragmentation, highlighting the operational strain of managing multiple disparate systems.

The company’s growth trajectory was further bolstered by the appointment of a new executive leader, as seen in MCO Appoints RegTech Pioneer John Schobel as President to Drive Global Growth. These strategic moves are underpinned by a major capital raise, which we covered in MCO Secures Strategic Growth Financing from Accel-KKR to Scale AI Compliance Solutions.

What this means

This partnership signals a shift in how the industry handles the "WhatsApp problem." For years, regulators have issued heavy fines to firms failing to monitor off-channel communications, yet the industry’s response has often been to ban the apps entirely—a strategy that has largely failed due to employee and client demand for convenience. By integrating these channels into a primary compliance hub, MCO is putting pressure on legacy archiving vendors that operate in isolation. The move raises questions for the sector about the future of corporate-issued devices; if consumer apps can be fully governed on personal hardware, the traditional mobile device management (MDM) market may face a significant decline in relevance.