Fonetic boosts technology expertise ahead of MiFID II

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Appoints VoxSmart CEO as new non-executive director

LONDON AND NEW YORK, 22 November, 2016 –Fonetic, the trade floor compliance and surveillance solution provider, has appointed Oliver Blower as non-executive director. Oliver is CEO of London-based telecommunications technology company, VoxSmart, and brings considerable regulation technology (RegTech) experience to his new role. He will support Fonetic developing its business in the emerging Compliance & Surveillance sector.

The new appointment has been driven by Fonetic’s ongoing mission to address the biggest challenges faced by Compliance & Surveillance Officers today – transforming their trade recording and reporting technology in line with Dodd-Frank Title VII and impending MiFID II regulations. Oliver’s experience as an FCA Regulated CF30 and his senior front office role at Bank of America Merrill Lynch, where he was responsible for the establishment of the European Derivatives Clearing and Regulatory Reform business, will prove invaluable in aiding Fonetic to continuously develop Fonetic ATR – its unique best in class compliance and surveillance technology solution.

“With the deadline for MiFID II on the horizon it’s an exciting time to support Fonetic. We anticipate that most major global banks will look to evaluate and modify their current trade floor infrastructure, in response to pressure from regulators to meet trade recording and reporting requirements,” stated Oliver Blower.

Oliver brings over ten years of experience in the financial trading industry. An expert in Capital Markets and Financial Technology businesses, Oliver has previously held senior positions at a number of leading UK and international banks and trading houses.

“Oliver’s appointment signifies our investment in ensuring Fonetic’s regulation technology continues to be cutting edge and meets the needs of the compliance and surveillance departments of major banks,” said Juan Manuel Soto, Founder and CEO, Fonetic. “His extensive experience across the financial industry will prove instrumental in helping our current and future customers adjust to and adopt next year’s MiFID II regulation requirements.”

Fonetic ATR, provides a holistic view of all trade related data generated by front office trading floors as well as from the middle and back office functions. It automatically and comprehensively collects, identifies and collates this trading data and correctly matches it to its corresponding communications including text, email, IM, Social Media and most importantly because most deals are closed over the phone, voice. This enables the accurate reconstruction of a complete trade/trades, as an entire sequence of events along a timeline, in minutes.

 

About Fonetic ATR

Fonetic specialises in working with investment banks to manage the flow of their multiple communications channels and the resulting orders and trades into a single platform. Fonetic is the first to provide an overarching holistic view for the front, middle and back office so that banks have instant access to accurate Automatic Trade Reconstruction and Automatic Trade Mismatching saving time, reducing risk, mitigating loss and unwanted fines. Being able to monitor and understand what is said in every voice recording, email, chat and IM, banks can execute and manage the most accurate surveillance programmes and perform the most rigorous investigations to understand what is really happening on their trading floors in all languages. Meeting all of the regulators’ requirements, Fonetic ATR brings compliance as a prerequisite.

 

MEDIA CONTACT:

Laura Cahill

AxiCom (for Fonetic)

Tel: +44 (0)20 8392 4071

Email: fonetic@axicom.com