Sunday, September 25, 2022
spot_img
HomeTelecomTelecom News UpdatesFonetic and Tango Networks bring mobility to voice biometrics and compliance recording...

Fonetic and Tango Networks bring mobility to voice biometrics and compliance recording for global trading floors  

-

Companies collaborate to deliver linguistics recording across multiple devices for comprehensive voice compliance

Madrid, Spain – July 17 2014 – Fonetic, the leaders in voice recognition and linguistics analytics for the financial services sector, today announced a partnership with Tango Networks, a leading provider of Business Mobility Services.

The partnership sees Fonetic’s speech analytics solution for fast and accurate trade analysis, full trade reconstruction, pro-active anti-fraud alerts and risk management, brought together with Tango Networks’s Mobile Recording Application, which enables secure transactions, sharing of critical information, and customer relations calls to be securely and reliably recorded over a mobile phone.

“Any compliance program is only as strong as its weakest link; and for too long mobile devices have been a compliance black hole on the trading floor. By combining mobility with a proven linguistics voice platform, global banks can capture, analyse and ultimately improve behaviors and cultures on their trading floors,” said Simon Richards, CEO Fonetic USA.

Richards added, “The partnership between Fonetic and Tango Networks is an important milestone in enabling institutions to stay on top of the latest regulatory standards.”

Both Fonetic and Tango Networks offer on-premise solutions and compatibility with all call-recording systems, creating more time for compliance departments to focus on managing the policy rather than the individual.

Tango Networks’ policy management system allows the enterprise IT team to establish when to record and who to record. By using sophisticated category and topic database searching, a process unmatched by competitors, Fonetic is able to find the calls where the traders have omitted words essential to closing a legal transaction and alert compliance teams to the concern.

“Financial service institutions are increasingly looking for unified solutions to record, analyze and store voice communications to meet strict regulatory standards,” said Gilles Allain, Senior Vice President, International Sales, Tango Networks. “This partnership with Fonetic represents a huge step forward in providing the technology needed to bring financial institutions up to regulatory standards worldwide.”

Fonetic is a recognized leader in Voice Management solutions.  Its award-winning Trading Record Keeping Compliance Solution was developed four years ago for Banco Bilbao Vizcaya Argentaria (BBVA) to proactively prevent market abuse and adhere to stringent legislation. This solution, also implemented globally in Santander, captures, indexes, analyses and extracts relevant unstructured data from all voice, email and chat interactions, enabling compliance officers to find specific, relevant communications about any given trade. By monitoring up to 79 different languages and dialects, Fonetic can reconstruct all interactions associated with a trade in moments.

close
TechRecur

We don’t spam! Read our privacy policy for more info.

Previous articleLTE in Guinea Bissau
Next articleLTE in Guinea
Rimmy
Rimmyhttps://www.techrecur.com
I am a coffee lover, marketer, tech geek, movie enthusiast, and blogger. Totally in love with animals, swimming, music, books, gadgets, and writing about technology. Email: rimmy@techrecur.com Website: https://www.techrecur.com Facebook: https://www.facebook.com/techrecur/ Linkedin: https://www.linkedin.com/in/techrecur/ Twitter: https://twitter.com/TechRecur

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Place Your AD Here -spot_img
- Place Your AD Here -spot_img