Why Compliance Costs Are Out of Control
Compliance has always been a tough pill for financial firms to swallow. It’s necessary to stay on the right side of regulators, but the costs of traditional compliance solutions can be staggering. Between expensive hardware, bloated user fees, and outdated storage models, firms often feel trapped by their compliance obligations.
Enter TCC, a compliance platform designed to flip the script. By leveraging modern technology and rethinking outdated practices, TCC makes compliance not just affordable but scalable, delivering meaningful cost savings without cutting corners.
1. Virtual Machines: Goodbye, Expensive Hardware
The Problem: Hardware Costs Are Outdated
Legacy iMessage compliance systems often rely on physical Macs, with each device limited to managing only five accounts. For firms with hundreds—or even thousands—of employees, this hardware requirement creates a logistical nightmare and a financial black hole.
The Solution: TCC’s Virtual Machines
TCC eliminates this inefficiency by utilizing nested Apple accounts in virtual machines. Instead of relying on physical Macs, TCC leverages macOS 15 in a virtualized environment, dramatically increasing scalability. The result? Firms can manage more accounts at a fraction of the cost.
Key Benefit: Per-user compliance costs drop by over 3x, allowing firms to reinvest those savings into growth or other priorities.
2. Scalable Storage: Saving on Data Retention
The Problem: Storage Costs That Balloon Over Time
Financial firms must retain communications data for years to comply with regulations like SEC Rule 17a-4. Traditional compliance platforms pass massive storage costs directly onto their clients, often without transparency or flexibility.
The Solution: S3-Based Storage
TCC integrates with Amazon S3, a scalable, cost-effective storage solution. By moving away from proprietary storage systems with premium markups, TCC significantly reduces the expense of data retention.
But the benefits don’t stop there:
- Cost Transparency: Firms know exactly what they’re paying for, avoiding unpleasant surprises.
- Future-Proofing: S3’s scalability ensures firms can store increasing amounts of data without breaking the bank.
Key Benefit: Lower storage costs directly impact a firm’s bottom line, making compliance more manageable in the long term.
3. Streamlined Onboarding: Save Time, Save Money
The Problem: Labor-Intensive Implementation
Traditional compliance solutions are notorious for their complex onboarding processes. IT teams often spend weeks—or months—getting systems up and running, diverting resources from other critical projects.
The Solution: Fast, Frictionless Deployment
TCC is built with simplicity in mind. Its intuitive platform requires minimal setup, enabling firms to get started quickly without a steep learning curve. Features like automated account provisioning and plug-and-play integrations ensure that onboarding is measured in days, not months.
Key Benefit: By reducing the time and labor involved in deployment, TCC allows firms to focus on what really matters: serving their clients.
Why Cutting Costs Doesn’t Mean Cutting Quality
Cost savings often come with trade-offs, but not with TCC. The platform’s innovations don’t sacrifice quality or compliance effectiveness. In fact, by combining cutting-edge technology with thoughtful design, TCC enhances compliance processes while keeping budgets in check.
What Firms Gain:
- Scalability: A solution that grows with your business.
- Reliability: A platform that ensures regulatory readiness, even during audits.
- Transparency: No hidden fees or surprise costs—just predictable pricing.
For years, compliance has been viewed as a financial burden—an expensive but unavoidable part of doing business in the financial industry. TCC changes that narrative. With innovations like virtual machines, scalable storage, and fast onboarding, it transforms compliance from a cost center into a strategic advantage.
The message is clear: you don’t have to break the bank to stay compliant. With TCC, financial firms can reduce costs without cutting corners, making compliance smarter, faster, and more affordable.
