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Multifaceted compliance surveillance
Regulatory authorities are increasingly demanding more due diligence from financial institutions in the monitoring and investigation of suspicious trading activities. Regulations such as MiFiD (Markets in Financial Instruments Directive) and the soon to be implemented MiFiD2 are requiring compliance departments to be ever more watchful and investigative with regard to voice records and transactional data.
Business Systems trading surveillance product, Market Detect has already been successfully deployed at major City financial institutions and brings together not only trading data analysis but also the analysis of voice recordings, emails and SMS. Alerts concerning suspicious trades can now be linked with relevant voice recordings or other communications and voice analytics can be used to enrich the information available for scrutiny which can be particularly useful when investigating insider dealing.
Business Systems expertise in voice recording and voice analytics are further enhanced with the application of data analytics capabilities. Market Detect gives compliance departments a multi channel approach to monitoring and investigating suspicious activities within their respective organisations. By using this multifaceted approach, compliance and risk officers can more efficiently address the increasing regulatory demands on their organisation.
Find out more about Market Detect, email marketing@businesssystemsuk.com or call 0800 458 2988
