Voice biometrics will be making their way to the trading floor now that Fonetic and Tango Networks have entered into a partnership that will see the former’s strong authentication solutions combining with the latter’s Mobile Recording Application.
Gilles Allain, senior vice president of International Sales for Tango Networks says, “Financial service institutions are increasingly looking for unified solutions to record, analyze and store voice communications to meet strict regulatory standards. “This partnership with Fonetic represents a huge step forward in providing the technology needed to bring financial institutions up to regulatory standards worldwide.”
“Any compliance program is only as strong as its weakest link,” explains Simon Richards, CEO of Fonetic USA, “and for too long mobile devices have been a compliance black hole on the trading floor.”
Fonetic’s speech analytics solution will offer trade analysis, full trade reconstruction, anti-fraud alerts and risk management. The Mobile Recording Application from Tango will cover the secure transactions, critical information sharing and the secure recording of customer relations calls.
Richards continues: “By combining mobility with a proven linguistics voice platform, global banks can capture, analyse and ultimately improve behaviors and cultures on their trading floors. The partnership between Fonetic and Tango Networks is an important milestone in enabling institutions to stay on top of the latest regulatory standards.
The intersection of biometrics, mobility and commerce is the focus of this month’s featured content here at Mobile ID World and at our sister site. This week, findBIOMETRICS took a look at three real biometric deployments in finance, among which voice biometrics made an appearance as a fraud-protecting factor at Banco Santander México.