Fonetic, a global leader in voice processing, compliance and surveillance technology, has made two major hires across Europe and North America in response to burgeoning demand for voice surveillance systems.
Thomas Dinneny, former Head of Trade Surveillance at J.P Morgan, will be responsible for driving strategy and new business in the Americas. While industry stalwart Tony Foreman, who has worked for the likes of Progress Apama, will be tasked with deploying his two decades worth of market infrastructure knowledge to grow Fonetic’s global sales efforts.
The hires come as financial institutions become more accountable for their employee’s behaviour following the Senior Managers Regime (SMR) and regulations such as MiFID II. With reputationally and commercially damaging conversations still prevalent in banking’s culture, the industry is increasingly turning to voice surveillance systems to ease the burden on compliance teams.
Commenting on his move to Fonetic Dinneny, who also served as Head of Compliance Surveillance at Thomson Reuters, 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. It is great to be working closely with such an innovative team to support the next stage of business growth across the Americas.”
Tony Foreman added: “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.”
Juan Manual Soto, CEO of Fonetic, concluded: “Thomas and Tony’s industry-renowned expertise coupled with a strong background in market infrastructure and technology makes them ideally placed to support our continued global growth.”