AI Voice Supervision for Red Box Voice Recordings

Markets in Financial Instruments Directive (MiFID II) has increased call recording, retention, and supervision requirements for firms. In addition, firms have requirements to perform periodic monitoring of their records, including relevant conversations, all to improve protections for investors. However, supervision at scale is very challenging.

Theta Lake provides integrated AI-based compliance and archiving for Red Box voice recordings with automated detection of regulatory, corporate compliance, and conduct risks in digital content.

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Red Box compliance integration

Challenges

The volume of call recordings from MiFID II requiring capture, retention, and supervision is growing. Organizations also need to better assess Dodd-Frank risks per CFTC requirements as well as ensure that state insurance suitability requirements are met. In addition, privacy rules like GDPR coupled with personal accountability regimes mean all those recordings need review, supervision, and audit.

Organizations don’t have the toolset to efficiently and affordably performing compliance review, supervision, and audit on large volumes of Red Box recordings. Existing approaches have been inadequate,

  • Manual Review on Random Samples – Lacks scale and efficacy, while being costly
  • Transcription with Search Tools – Lacks accuracy, takes too much time, costly
THE INTEGRATION

Complete Regulatory Compliance Management

Stay Compliant at Every Stage of the Review Process
eDiscovery

Preserve all your voice communications in one searchable archive according to your organization’s retention policies.

Supervision

Identify misconduct, malicious behavior, or any behavior not consistent with regulations.

Analysis

AI drives review activity for non-technical reviewers to more easily and consistently deal with recording supervision.

Archive

Identify relevant recordings, searching off of policy detection, transcripts, and participants.

Automated Risk Detection

Theta Lake is powered by natural language processing and deep learning, pre-built policies automatically detect regulatory, conduct, and corporate compliance risks Red Box voice recordings. Easily create custom, company-specific policies with implementation into Theta Lake’s deep learning environment.

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Automated Risk Prioritization

  • Spend resource and effort on recordings with identified risks versus raw transcript searches on random samples, enabling remediation of more organizational risks.

Time-Saving Reports

  • Reports provide details on the audio recording, policy violations, reviewer comments, and review steps, providing a full picture and context of your call content and review status for managers and auditors.
WHY THETA LAKE?

Red Box + Theta Lake = Compliance Made Easy

Streamline compliance and increase reviewer productivity

Save Time, Save Money

  • Increase Supervision Scale: Review 100% of digital content with technology to allow you to focus manual review efforts on high-risk content instead of random samples.

Improved Compliance, Reduced Risk

  • Streamline Review Workflow: Visual detail for each review step, enabling workflow editing and built-in content validation and routing.

Integrate. Classify. Supervise.

AI-based RegTech for voice communication compliance.

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