LONDON – RegTech news reporter the A-team group and released their annual vendor shortlist and this year VoxSmart made the cut for two categories. Now, one month on, news reporter FTF News recognises VoxSmart in two further categories.
VoxSmart Mobile Capture and VoxSmart Communications Surveillance have been shortlisted for two categories in the FTF News Technology Innovation Awards. The VoxSmart product suite has been nominated for Best Compliance Solution and Best Financial Crime Surveillance Technology.
Financial Technologies Forum is a women-owned media company focused on delivering news, content and industry events to the capital markets community. Their awards celebrate and recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during 2020.
Our technology is being adopted by compliance departments because of the range of products that we offer, as well as the high level of service that we provide, whether it be ensuring regulatory compliance with our mobile capture solutions or highlighting instances of misconduct using our intelligent comms surveillance and trade reconstruction products.
Last month, VoxSmart Communications Surveillance was also shortlisted for Best eComms Surveillance Solution while VoxSmart Trade Reconstruction was nominated for Best Innovative Technology for Regulatory Compliance.
The A-Team group, company behind the awards, are a principal industry voice for regulatory technology that raise awareness of key regulatory and compliance challenges for firms operating in the financial sector. The series of awards recognise outstanding performance by RegTech vendors that develop data and technology solutions for the financial industry. Nominations from across the industry are reviewed by the A-Team editors and their advisory panel, with the shortlist then published for public vote.
Featured alongside familiar names in this year’s shortlist such as Global Relay, Moody’s Analytics and ACA Compliance Group, VoxSmart is fast becoming a market reference for surveillance technology for capital markets firms.
Last year, VoxSmart Trade Reconstruction was also shortlisted for Best Trade Reconstruction Solution in the Trading Tech Insight Awards Europe.
VoxSmart Communications Surveillance
VoxSmart has developed a unique platform capable of monitoring both eComms and voice data simultaneously. This way, fragments of the same conversation are connected to give a clearer and more accurate picture of a conversation or negotiation process. Our approach breaks down communication information silos and provides compliance teams with the context to mitigate risks posed by bad acting, faster and more effectively.
The technology applies market leading financial language models which apply AI technologies to classify communication types (emails, chats, calls, etc …) and the speech patterns or diction (words used, forms, sentence structure) to extract the most accurate meaning from the communication content. This means that chat conversations are handled differently to emails and so on. This precision when processing electronic communications results in significant reductions in false positives and enables superior accuracy when performing searches across the communication repository.
VoxSmart Trade Reconstruction
VoxSmart is helping global financial institutions significantly increase their Trade Reconstruction efficiency through the innovative use of NLP and ML technology to process communications, trade and RFQ data, resulting in a systematic impact across the whole firm saving over 800 hours of employees’ time per trade reconstructed.
As listed Swap dealers, these firms fall under the remit of the Dodd-Frank, which mandates a response to a regulatory request for information within 72 hours. Historically, this process takes up to 3 weeks to collate the necessary information. Our technology provides automated solution which applied innovative ways to systematically pull the data required on a proactive basis.
VoxSmart Ltd. is a UK headquartered communications surveillance provider with offices in New York, London, Singapore and Madrid. VoxSmart designs, develops and deploys cloud-based surveillance and trade reconstruction software for global financial institutions to manage their business risks and regulatory requirements. Its rapidly evolving technology, with proven accuracy in financial voice transcription and real-time instant message capture, supports over 100 clients in the front and back office to monitor and reconstruct all trade communications from voice, mobile, email and chat.