Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

FONETIC LAUNCHES LINGUISTICS VOICE PLATFORM

Introduces new compliance, interactive voice response (IVR) and big data analytics technology to deliver tangible business value; Extends operations into LATAM market

Fonetic launched its Linguistics Voice Platform to integrate unstructured voice data into business processes for actionable knowledge.  Bringing together speech analytics, sentiment analysis and unstructured data, the Fonetic Linguistics Voice Platform transforms customer interactions into tangible business value for any organization. From trading floors to contact centres, the Fonetic platform captures, indexes, analyses and extracts relevant data from all voice, email and chat interactions to detect opportunities for business improvement.

Mónica Rodríguez
Mónica Rodríguez

The new Fonetic Linguistics Voice Platform powers a multi-channel, multi-language solution that decodes caller behavior and makes recommendations on how to act, transforming voice interactions into meaningful, quantifiable and actionable knowledge about a brand, product or service.  As part of the platform launch, Fonetic today also announced three new solutions for compliance, interactive voice response (IVR) and big data analytics.

Also announced today is the expansion of Fonetic into the Latin American market, with the appointment of Mónica Rodríguez as Global Business and Marketing Director for the LATAM region.  Focusing initially on Colombia, Chile, Perú and Mexico, the entry into these markets builds on over five years of leadership in the Spanish-speaking market where Fonetic successfully works with leading brands such as Banco Bilbao Vizcaya Argentaria (BBVA), Santander Group, Vodafone, among others.

“The voice of the customer is the clearest indication a company can have into its customer experience or representation of the brand, but too often it goes unheard and not listened to,” said Juan Manuel Soto, CEO, Fonetic.  “However, really listen and you can start to identify actionable insights that can help to start manage risk before it impacts your business.  Building on over five years of experience working with some of the world’s biggest banks, telcos and insurance companies, Fonetic is leading the way in using Voice Management technology to decode customer behavior and develop business solutions based on optimizing customer interactions.”

Simon Richards
Simon Richards

Fonetic’s linguistic-based approach brings outstanding capabilities to voice management.  Combining the highest level of speech recognition with natural language disambiguation across up to 79 languages and dialects, Fonetic brings a new level of understanding to voice management systems, structuring information obtained so it is immediately organized and available down to a level of granularity that is specific to the individual conversation or transaction.

The new solutions powered by the Fonetic Linguistics Voice Platform include:

  • SPi Compliance

Financial institutions and their trading floors are heavily regulated environments where new compliance frameworks such as Dodd-Frank Act and MiFID II are being imposed to increase transparency in financial transactions. Fonetic SPi Compliance looks directly into the trading floor audio patterns, detecting languages, pronunciations and accents, to actually understand calls from the trading floor and detect potential compliance risks before they occur.

  • Human IVR

The cost savings in serving large volumes of calls has too often been at odds with the desire to deliver a positive customer experience.  Fonetic Human IVR uses a humanized language system to enable customers to freely speak about their reason for their call and avoid forced categorization through pre-programed automated options, significantly improving the accuracy in routing the call, increasing customer satisfaction while saving costs.

  • BIZ Analytics

While millions of customer calls are made and recorded “for training purposes”, in reality the business intelligence in these customer interactions is rarely captured, listened to or understood.  Fonetic BIZ Analytics can customize any speech analytics tool, quantify and structure what is an otherwise unmanageable amount of information contained in a customer’s voice and converts it into actionable information for business decisions.  BIZ Analytics develops assets, sectorial grammars and artificial neural networks to learn and self-teach understanding of not just what is said, but what is actually meant by the customer.

Fonetic is a recognized leader in Voice Management solutions.  Its award-winning Trading Record Keeping Compliance Solution was developed four years ago for Banco Bilbao Vizcaya Argentaria (BBVA) to proactively prevent market abuse and adhere to stringent legislation. This solution, also implemented globally in Santander, captures, indexes, analyses and extracts relevant unstructured data from all voice, email and chat interactions, enabling compliance officers to find specific, relevant communications about any given trade. By monitoring up to 79 different languages and dialects, Fonetic can reconstruct all interactions associated with a trade in moments.