UK-based RegTech VoxSmart is helping Singapore’s leading energy and commodity firms boost revenue and manage risk.
The company is enabling employees in the region to trade across Instant Messaging platforms like WeChat and WhatsApp. The move comes a year after it launched its WeChat capture solution as a Global FinTech Hackcelerator finalist the 2017 Singapore’s FinTech Festival.
VoxSmart’s technology VSmart, initially launched as a solution to help banks and financial institutions achieve compliance on their corporate issued mobile devices.
However, due to the growing popularity of social media and instant messaging platforms like WhatsApp and WeChat within global financial markets, VoxSmart now allows capital markets traders and brokers embrace mobility by allowing them to communicate with clients, and execute trades away from the desk.
Since launching their first regional office in Singapore, VoxSmart have signed a number of new customers including ENGIE Global Markets, PVM Oil, BGC Partners, Ginga Petroleum and Marex Spectron.
Chetan Jivan from ENGIE Global Markets said: “VoxSmart’s solution enhances our flexibility for our demanding users, and satisfies our compliance needs. In energy markets, we need to remain flexible to ensure we don’t restrict our teams and it provides the scale to meet our compliance needs that can change so quickly.”
Last year, VoxSmart raised $7m in a Series A round led by UK Technology investor Deepbridge Capital and a number of senior capital markets executives.
Based in London, VoxSmart claims to be one of the world’s leading mobile phone communication companies. It provides proprietary, patented and award-winning mobile technology to capture, record, transcribe and store, mobile calls, instant messages and voicemail. It enable companies to record voice calls, SMS, voice mail and now instant messaging on any mobile network, any mobile platform, anywhere in the world.
In 2016, the Monetary Authority of Singapore issued new guidance on cloud computing and outlined some of the advantages of adopting Cloud Service providers.
Armik Ayoubdel, CIO & head of electronic/hybrid markets APAC at BGC Partners said, “In the new world of ever increasing regulatory demand, we choose to partner with VoxSmart to deliver a recordable, storable and available on-demand compliance solution.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
