Fonetic, a company that provides voice processing, compliance and surveillance technology has hired the former head of Trade Surveillance at JP Morgan and head of Compliance Surveillance at Thomson Reuters, Thomas Dinneny to build business in the Americas.
The company has also announced the hire of Tony Foreman, who has previously worked with the likes of Apama - software originally developed by researchers at Cambridge University Department of Computer Science that can be applied to platforms to detect fraud. He will lead global sales for Fonetic.
There is increasing demand for surveillance among financial institutions because of regulatory developments such as the Senior Managers Regime and Mifid II. The industry is also looking to limit the reputational and commercial damage that can follow conversations, Fonetic suggested.
Dinneny said: "With regulation continuing to fuel demand for voice surveillance systems, there has never been a better time to join a forward thinking company like Fonetic."
Foreman said: "Where previously voice surveillance was seen as an area which was too complex for the technology to get right, financial institutions are starting to realise that there are systems available which can cater to all of their needs. As banks seek out new surveillance solutions, there is a fantastic opportunity for Fonetic to broaden its customer reach internationally."