Call Recording Advice

Legacy voice data can be challenging for organisations – often difficult to keep track of, manage, and adhere to regulatory demands. Nevertheless, there are a few key steps that can be taken to simplify legacy voice data management.  1. Consolidate your View of your Legacy Voice Data For organisations with considerable legacy voice data estates, one of the biggest challenges is keeping tabs on many different storage solutions that may be in use simultaneously. Because the nature of voice recording...

As international hubs where individuals from different backgrounds and cultures come together, the diversity of trading floor and banking environments can introduce complexities in voice transcription due to variations in accents, dialects, and industry-specific jargon. Compliance teams must ensure that transcriptions accurately capture the intended meaning of conversations, even when language barriers or technical terminology exist. The majority of errors or inaccuracies in transcriptions often come from transcription engines which are unable to cope with trader speed and jargon. This...

Call Recording solutions are used in most organisations today, particularly ones which are customer-facing. Voice recording is a popular call centre software solution and is used by many. Depending on which industry is using this technology, the benefits vary. For example, a bank may be using call recording for compliance adherence and fact verification. A contact centre, may be using call recording for agent/employee training, script adherence and dispute resolution.  Government and Healthcare organisations on the other hand, may be...

When organisations think about improving their business operations, a lot of the time they tend to overlook smaller things that could potentially have a big impact on the business. For example, integrating a call recording system is often one of those overlooked methods of improving a business.  Sometimes big business changes can be improved by what we like to call 'smart changes'; you will be surprised at the impact one change, such as installing a call recording solution, can have on your business.  Contact centres in particular, look for call...

Can I integrate an existing legacy call recording system with a modern, up-to-date solution?  Yes this is possible. With a multi-vendor centralised voice recording replay portal this solution will sit on top of any existing legacy (and also live) call recording systems. A solution such as this is able to access calls from multiple call recording systems, regardless of age, manufacturer or geographic location. This unique portal sits above live and legacy systems (cloud or on-premise), providing a single point...

Many financial companies have created voice/call recording mayhem for themselves by surrounding themselves with multiple voice recording solutions, but there is a way out of the software jungle explains Richard Mill from Business Systems. Voice recording is a critical core compliance for financial services companies and should be straightforward – yet many companies have muddied the waters by acquiring different voice recording systems over time in different regions. These are often outmoded and incompatible, which is creating a real dilemma...

Voice will always be a powerful data set for organisations. Voice conveys context, emotion and sentiment providing you with actionable intelligence. Voice is powerful. However, IT leaders could be missing a trick when it comes to this, as not all organisations are recording every interaction and for some the majority of voice data, is not easily accessible. Collecting voice data is half the battle. Tapping into insights which voice data can provide you with is a whole other beast. According...

With regulators across different markets demanding for increased trade transparency and longer retention periods for call recordings; how can financial firms keep on top of their call recording estate? Not to state the obvious but, it won’t be long before MiFID II comes into effect in January 2018. It’s practically Christmas already. Data sits at the heart of these regulations. MiFID II aims to improve quality of advice and investor protections, and in doing so requires extensive data recording. Call...

Working in a law firm means you probably take a lot of important calls on any given day, but if you really needed to, could you recount every call you have received and every detail discussed during these calls? Whether you need to record for note-taking, dispute resolution, regulatory compliance or training, call recording can benefit your firm. Here are 3 ways how: 1. Avoid loss of information When talking to clients, it is vital to actively listen and note...

Despite the launch and subsequent growth of online gaming sites in recent years, there is still a significant proportion of customer support and betting which is handled over the phone. The reason for this is twofold, firstly there are still those customers who have grown accustomed to the ‘human touch’ and prefer to place bets over the phone. Secondly if there are any problems which occur when gambling online or indeed any disputes, people need to be able to pick...

Thanks to recent welfare reforms and housing law changes Housing Associations are under more pressure than ever to demonstrate efficiency and accountability, ensuring tax payer money is spent wisely. There are over 1,500 housing associations in the UK and each of them have to manage tenant expectations about the level of housing they receive whilst dealing with lower availability of housing. A report from the Housing Ombudsman who have jurisdiction across all housing organisations indicates that year on year since...

Even though solicitors offer a highly specialised service, like many other professions there is still fierce competition when attracting and retaining clients. Successful revenue generation and business development is built on personal recommendations and reputation and so your ability to train and retain ‘high performing’ legal staff is critical. Law firm call recording can be instrumental in assisting with this. 1. IDENTIFYING LOST BUSINESS OPPORTUNITIES In most cases your first interaction with a potential client tends to be by phone and...