b-next Partners with Verint and Adds Financial Compliance Speech Analytics to CMC:Suite Solution
FREMONT, CA: b-next, a provider of capital markets compliance solutions, announces a global partnership with Verint, a firm offering Actionable Intelligence for information growth. Through this partnership, b-next will offer Verint Speech Analytics with its CMC:Suite, an integrated compliance platform for capital markets. As a result of the combined solutions, financial services organizations can capture and analyze information from voice calls automatically. Having these capabilities as part of a combined offering will further support b-next customers by helping them adhere to compliance regulations—such as the Dodd-Frank Act—particularly as it relates to searchable and identifiable voice recordings, as well as MiFID II Level 1 regulations and legislation in the EU for recording telephone conversations and electronic communications.
With the addition of Verint’s Speech Analytics software, CMC:Suite’s advanced surveillance functionality will help banks, brokers, exchanges, and buy-side market participants search and analyze voice call recordings by time frame, trader, counterparty and trader desk. This new capability is b-next’s response to the increased demand for trading and communications surveillance analytics—especially as regulators across the globe align capital markets mandates and rules, and increase financial and criminal penalties.
“Verint believes in helping organizations generate actionable intelligence to identify and prevent fraud, mitigate risk, and help ensure compliance with legal, regulatory and internal requirements. We’re pleased to see b-next's CMC: Suite benefit from Verint Speech Analytics by helping financial institutions proactively surface security threats and vulnerabilities, reduce risk and fraud, and take investigations capabilities to new heights,” states John Bourne, SVP, Global Channels and Alliances, Verint Enterprise Intelligence Solutions.