Fonetic’s response to the FCA’s Market Watch 60 newsletter

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Fonetic Team
Tuesday, 06 August 2019 / Published in Communications Surveillance, Regulation
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After an ex-UBS employee was sentenced to 3 years in jail for insider trading, the FCA has decided to focus its August newsletter on market conduct and controlling access to inside information. The regulator has reported an “inability to respond to a regulatory request with accurate records of who had access to inside information.”

Communications Surveillance- How Trade Comms Suite helps Capital Markets firms

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Fonetic Team
Monday, 29 July 2019 / Published in fonetic, Communications Surveillance
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The 5 levels of communications surveillance in energy trading

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Fonetic Team
Friday, 26 July 2019 / Published in Communications Surveillance, Energy Trading
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How to approach communications surveillance in energy trading? In this blog we talk about the 5 levels of monitoring and what the best approach is for the energy and commodities sector.

SMR Compliance: 6 must-haves for your v-comms and eComms surveillance

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In this post, you'll learn how to find the right software platform for your compliance and surveillance staff to help you become and remain compliant with SMR requirements.

Given the events of the financial industry over the past 10 years, it's no wonder that both regulators and financial organisations are trying to do their best to uncover, prevent and stop misconduct and fraud from taking place.

When it comes to institutions, they have invested money and effort in Regtech software to meet increased regulatory demand and oversight. For their part, governments have created new entities and regulators have issued a heap of new legal measures to address the issues.

Voice surveillance still a pain point for many corporations at 1LoD London Summit

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Last week we were excited to sponsor the second edition of the 1LoD Summit in London, the only event for risk & control professionals in the financial services sector.

The event has seen outstanding growth since the first edition of 1LoD in 2017, making this year’s London summit more than a well-attended event: covering topics which united all three lines of defence, 1LoD exceeded all expectations in the quality of attendees and the presentations shared with all of us. 

1LoD Conference round-up: Voice surveillance will be a key point in 2019 for fraud prevention

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Last week we attended the Risk & Compliance Leaders Summit 2018 in Berlin, where we met some amazing people and listened to fantastic speakers. It was very interesting to be a part of the audience polls and to be able to conclude that as vendors we are aligned with the demand for communications monitoring and surveillance, be it ecomms or voice comms.

#MeToo: Senior banking execs simply can’t leave it all to compliance

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Not long ago, I shared my thoughts on the #MeToo movement in Finance News. Since then, we have seen the hashtag campaign extend to Bollywood in India and tech giants such as Google, exposing a culture that spread far beyond what one could have imagined. Below you can read the full article or see the press release here.

American Banker's RegTech 2018, NYC

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Fonetic was at the American Banker’s RegTech event in New York recently where we had the pleasure to listen to regulation and compliance practitioners talking about their experiences streamlining and automating compliance chores and turning that investment into a competitive advantage in the process.

5 benefits of language switching detection for financial institutions

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Fonetic Team
Wednesday, 10 October 2018 / Published in Compliance, Communications Surveillance, voice surveillance, Trading
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Language switching_blogpost_2

In linguistics, combining words from different languages within the same phrase is called language switching or code switching. When talking about language switching outside of academia, many may think of James Bond movies, double-agents and spies; in other words, risky behaviour. That’s not necessarily off the mark when it comes to trading and the financial industry. For instance, if a trader or another employee at a financial institution uses more than one language in a sentence or a conversation, it may show an intent for committing fraud – something that regulators have been trying to watch out for lately. Here’s a look at the recent past to figure out some of the reasons for this monitoring.

Is voice surveillance dead? Fonetic video series now available

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Fonetic Team
Thursday, 04 October 2018 / Published in fonetic, Communications Surveillance, voice surveillance
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Voice surveillance, is it dead? That's the burning question this week with our latest video release. To view the video, follow the link below.

Fonetic Video Series

Managing False Positives: Your brief guide

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False positives can present serious problems for financial organisations on their trading floor. This occurs when a trade surveillance system flags normal voice or electronic communications (e-comms) for potential market abuse when there´s no risk implied. But why is managing false positives so important?

An effective surveillance solution must be able to efficiently reduce the risk of fraud and misconduct while saving time and reducing the amount of irrelevant data that doesn’t need to be analysed.

Join us for a brief look at the problems caused when misleading data isn´t addressed. We then discuss the value-added benefits of tackling the problem and how holistic trading floor surveillance technology specifically targets their reduction. 
 

How Integrated Communications Surveillance Improves Trading Floor Fraud Detection

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Fonetic Team
Thursday, 05 October 2017 / Published in Compliance, Communications Surveillance
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In this article we discuss the common, pressing concerns for all financial trading floor surveillance teams. We then look at integrated communications surveillance and how it solves these problems for financial organisations, leading to lower fraud instances and greater process efficiency.

Financial organisations face increasing trading floor surveillance challenges. One, the responsibility of complying with regulatory demands and petitions obligates financial organisations to invest considerable resources in surveillance. Two, they must meet the needs of analysing and holding massive amounts of data, to minimize fraudulent activity and to optimise the process of escalating potential fraud cases. Three, they must suffer the consequences of failing to successfully stop instances of fraud, usually involving fines and/or possible damage to their own assets.

Additionally, organisations must comply with two flagship regulations: Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II). MAR came into effect in 2016 and the MiFID II deadline is January 2018. Both regulatory protocols require extensive resources on the part of financial organisations. Regulators can inflict punitive measures on banks and financial institutions that fail to comply