Bertin IT’s latest software solution is designed to help entities in the banking sector comply with the new requirements outlined in European directive MiFID II
Paris, 19 September 2017 – In the lead-up to the new European directive MiFID II (Markets in Financial Instruments) entering into force in January 2018, Bertin IT introduces the latest innovative features in its MediaSpeech® speech-to-text solution. The result of Bertin IT subsidiary Vecsys’ renowned expertise and in-depth experience in speech-recognition software, the company’s solution is aimed at helping entities in the banking sector comply with the European directive.
MediaSpeech® is a functional solution for complying with three of the MiFID II’s objectives:
- making pre- and post-trade data available,
- widespread and comprehensive transaction reporting,
- extended reporting of transactions.
A powerful decision-making tool aimed at banking compliance management, MediaSpeech® is a smart tool for processing all recordings of telephone conversations. Thanks to its capabilities to detect the spoken language as well as transcript speech into text, the software is able to manage calls with the same level of reactivity, deepness and comprehensivness as electronic communications. MediaSpeech® automatically transcribes speech, creating a written history of all conversations. This is a solution for complying with the requirement to save all telephone conversations in order to be able to detect sensitive information as a way of tracing a transaction.
“Its agility, expertise, pro-active approach to R&D and experience in developing professional solutions give Bertin IT a head start in efficiently supporting financial institutions as they seek to comply with banking compliance regulations,” explains Béatrice Bacconnet, Chief Executive Officer for Bertin IT.
ABOUT BERTIN IT
As a software supplier and integrator, Bertin IT (CNIM Group) provides a range of products & services covering defense-in-depth of sensitive information systems and critical infrastructures and advanced processing of multi-formats data (text, image, audio, video) for digital intelligence applications such as open-source intelligence, strategic intelligence, media-monitoring and speech analytics. As a preferred partner of strategic industries, Bertin IT delivers value to the Financial Services sector.
A COMPANY OF CNIM GROUP
Founded in 1856, CNIM is a French equipment manufacturer and industrial contractor operating on a worldwide basis. The Group provides its products and services to major public and private sector organizations, local authorities and national governments in Environment, Energie, Defense, and high technology markets. Technological innovation is at the core of equipment and services designed and manufactured by the Group. They contribute to produce cleaner and more competitive energy, to limit environmental impacts of industrial activities, to secure sensitive facilities and infrastructures and to protect individuals and nation states. CNIM is listed on the Euronext exchange in Paris. It relies on a stable family-based majority shareholding structure committed to its development. The Group employs 2,500 staff and had revenues of €539.9 million in 2016, 54.6% of which was from exports.
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