b-next, a provider of capital markets compliance solutions, is partnering with Verint Systems to offer Verint Speech Analytics with its CMC:Suite, an integrated compliance platform for capital markets.
By combining the solutions, financial services organizations can capture and analyze information from voice calls automatically. Having these capabilities will help companies adhere to compliance regulations such as the Dodd-Frank Act, particularly as it relates to searchable and identifiable voice recordings, as well as MiFID II Level 1 regulations and legislation in the European Union for recording telephone conversations and electronic communications.
With the addition of Verint's Speech Analytics software, CMC:Suite's advanced surveillance functionality will help banks, brokers, exchanges, and buy-side market participants search and analyze voice call recordings by time frame, trader, counterparty and trader desk.
"Verint believes in helping organizations generate actionable intelligence to identify and prevent fraud, mitigate risk, and help ensure compliance with legal, regulatory, and internal requirements," said John Bourne, senior vice president of global channels and alliances at Verint Enterprise Intelligence Solutions, in a statement. "We're pleased to see b-next's CMC:Suite benefit from Verint Speech Analytics by helping financial institutions proactively surface security threats and vulnerabilities, reduce risk and fraud, and take investigations capabilities to new heights."
"b-next is continuing to innovate and partner with global industry leaders, such as Verint, to help ensure that our CMC:Suite offering remains at the forefront of trading and communication surveillance technology," said Wolfgang Fabisch, CEO of b-next, in a statement. "Through b-next's partnership with Verint, we're able to offer the market enhanced trading and speech analytics capabilities."