Speech Technology Magazine


Steeleye Partners with Verint on Financial Services Compliance Tool

The partnership will provide financial firms with a direct integration of SteelEye's regulatory platform and Verint's voice recording technology.
Posted Dec 20, 2017
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SteelEye, a compliance technology and data analytics firm, is partnering with Verint Systems to provide financial services firms with SteelEye's Record Keeping, Trade Reconstruction, and Best Execution capabilities, combined with Verint's recording and modular communications solutions, in a single platform.

Verint provides a trading and collaboration compliance platform for the financial services industry through its compliance recording, speech analytics, and proactive policy control technology. These solutions help firms monitor the high volume of interactions taking place across multiple channels and provide an integrated end-to-end compliance solution to their regulatory obligations.

Verint's technology also provides financial firms with key insights into their data. The platform captures voice, video, IM, desktop screen, and content sharing in one integrated and scalable product. Through the platform, firms can fulfill their record-keeping requirements, protect information privacy, perform rapid fraud analysis, and manage their communications.

SteelEye's cloud-based platform offers transaction reporting, record keeping, trade reconstruction, best execution and data analytics in a single comprehensive solution.

"SteelEye has the best communications and trade record-keeping solution combined with the most advanced trade reconstruction capabilities available in the market. We firmly believe that to validate true best execution, firms must demonstrate through communications, such as voice, that they acted in the best interest of their clients," SteelEye's CEO, Matt Smith, said in a statement. "Although SteelEye is agnostic to data sources, this partnership will provide our clients with a fully integrated, affordable answer to their global regulatory obligations."

"Communications capture and data archiving is one of the most important elements of compliance, but firms shouldn't stop at surveillance or ignore voice recording," said John Bourne, senior vice president of global channels and alliances at Verint, in a statement. "Global organizations across regulated industries that regularly communicate with customers, clients, and partners must be aware of the risk associated with every interaction. However, collecting data isn't just about managing this risk. SteelEye is an innovator in the compliance tech space, and we are pleased to work together to allow firms to turn their voice recordings and other communications into unique insights and measurable business intelligence."

"SteelEye has proven to be a real disruptor in the regulatory and compliance space. With so many varied requirements confronting firms as new regulations come into force, we are excited to now partner with SteelEye to help firms meet their regulatory obligations and gain a strategic advantage from their data," added Andrew Davies, head of global financial compliance at Verint.

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