Behavox Launches Data Risk Controls and Reconciliation Program to Strengthen Compliance Frameworks

Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, today announced the launch of its Data Risk Controls and Reconciliation Program. This initiative is designed to help organizations fortify their data risk management strategies in response to increasing regulatory scrutiny.

For the past four years, Behavox has worked closely with Global Systemically Important Banks (GSIBs) and Commodities Traders to enhance their data controls, ensuring alignment with global regulatory expectations. Given heightened scrutiny from internal governance teams, as well as regulatory bodies such as the FCA, ASIC, U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), Behavox has observed a significant rise in firms prioritizing data integrity, reconciliation, and governance. With Behavox’s support, clients have successfully passed external and internal audit and remediation efforts.

A Proactive Approach to Data Risk Controls

Today we are formally announcing the Data Risk Controls and Reconciliation Program, because we appreciate that even organizations that are not clients of Behavox care about market and data integrity. Due to this gap in the market, Behavox is offering a structured framework to support firms in achieving end-to-end data governance. This includes:

• Data Risk Assessment – This initial phase focuses on identifying potential gaps in existing data integration, mapping key data elements, and evaluating the effectiveness of current risk controls. Firms receive detailed risk assessment reports outlining data flow dependencies and integration weaknesses.
• Implementation of Risk Controls – Based on the audit findings, customized risk controls are developed, incorporating both preventative and detective measures to strengthen data governance. This includes data ingestion monitoring, reconciliation protocols, and compliance documentation.
• Ongoing Monitoring & Reconciliation – Organizations receive Data Quality (DQ) reports, trend analyses, and real-time risk assessments to maintain proactive oversight of their data landscape. We also train Data Administrators to understand their responsibilities, vendor responsibilities and to put in place more sophisticated data risk controls.

Since the inception of this initiative, Behavox has engaged in eight large-scale implementations, helping firms navigate complex regulatory landscapes while maintaining operational efficiency.

Michael Talbert, Head of Professional Services at Behavox, commented: “Clients have expressed concerns that regulatory scrutiny is intensifying. However, rather than taking a purely reactive, short-term approach to satisfy regulators, they are focusing on establishing proper frameworks and governance structures. For example, the reduction in overall alert volumes has enabled many of our customers to allocate resources more effectively, investing in comprehensive data risk assessments and recruiting highly qualified, specialized data administrators, creating a lasting impact.”

Francois Suarez, Head of Subject Matter Expertise at Behavox, added: “The scrutiny we’ve seen across the globe in the last 12 months is growing, and it’s not just about fines. Firms will always be asked questions about the robustness of their surveillance programs. In our discussions with customers and peers, regulatory bodies as well as internal governance teams are intensifying their focus on data integrity, and firms must demonstrate a proactive and reasonable approach to managing their data risk. The Behavox Data Risk Controls Program enables organizations to implement best-in-class risk controls that are both practical and effective.”