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News : NICE Actimize Cited as a Leading Vendor for Holistic Communication Surveillance
New York, NY, USA, June 28, 2016 -- NICE Actimize, a NICE Ltd. (NASDAQ:NICE) business and provider of financial crime, risk and compliance software for the financial services industry, announced that the company was positioned as a leading vendor for holistic and communication surveillance in Celent’s 2016 report "Market Surveillance Vendors – Dawn of a New Era." Celent is a research and advisory firm and a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies.
"The advances made in technology in the areas of artificial intelligence, big data, cloud computing, and cybersecurity are all helping improve the surveillance capabilities on offer for market participants and regulators alike. The influence of recent regulations such as the Market Abuse Regulation and the use of litigation related to curtail market abuse in the U.S has also been significant in driving innovation and development of surveillance systems," said Dr. Anshuman Jaswal, Senior Analyst in Celent’s Securities & Investments group, and author of the report. "NICE Actimize is one of the market leaders addressing these issues with holistic and communication surveillance."
The Celent report, citing NICE as "a pioneer of holistic surveillance capabilities," also noted, "NICE Actimize provides coverage for all asset classes and clients can choose level of coverage depending on their requirement. It engages in holistic surveillance, combining orders, trades, news, and alerts with electronic communication, voice, and social media. This uses native integration with the recording systems unlike other vendors."
"New regulatory guidelines are raising the bar — requirements to detect cross-product and cross-market manipulation are more stringent than ever before," said Puja Agrawal, VP and General Manager, Financial Markets Compliance, NICE Actimize. "Our vision of holistic surveillance, one that we introduced to market four years ago, has become a game changer for the industry. We are continuing to develop advanced capabilities that enable end-to-end coverage — as electronic trading becomes more complex, new communication methods introduced, and illicit activity more sophisticated, a siloed approach just does not work."
Posted by Veronica Silva Cusi, news correspondent
Source: Nice Actimize
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About NICE Actimize:
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies.
Published: Wednesday, June 29, 2016