RA'ANANA, Israel, June 10, 2013 /PRNewswire/ --
NICE Systems (NASDAQ: NICE) today announced the
introduction of its Proactive Compliance Solution for Trading
Floors, which enables financial institutions to monitor and
investigate trade interactions. This is to ensure compliance with
regulatory requirements, like those from the Dodd Frank Act that
mandate a complete audit trail for conducting comprehensive and
accurate trade reconstructions. The solution uses analytics
technology to identify infractions, detect and mitigate risk, and
effectively manage day-to-day compliance.
(Photo:
http://photos.prnewswire.com/prnh/20130610/618895-INFO )
The introduction of new regulations pose a challenge to trading
floors, as traders must follow strict protocols while managing
multi-channel interactions across turrets, mobile phones, email,
instant messaging and social media. To address this challenge,
capital market firms expect to invest billions of dollars in IT and
operations spending in order to drive compliance, according to CEB
TowerGroup analyst Gert Raeves.
"The Dodd-Frank Act is generating a storm of new regulations
globally that forces trading floors to look for advanced solutions
for proactive compliance," said Yochai
Rozenblat, President of the NICE Customer Interactions
Group. "NICE's innovative technology offers valuable cross-channel
insights that enable financial organizations to makes sense of the
vast amount of information exchanged during trade communications in
order to more effectively manage compliance."
The NICE Proactive Compliance solution for trading floors
combines NICE's speech analytics technology with Attivio's Active
Intelligence Engine, to deliver near real-time insights on all
interactions occurring across trade communications. If an
infraction takes place, the system automatically generates an
alert. The information gathered can also be leveraged by
organizations to analyze and understand emerging risks in order to
help prevent infractions from occurring in the future.
The solution also includes the indexing of all interactions,
including calls, emails, and chats, as well as an intelligent
investigation processes that automatically highlights compliance
risks within these multi-channel communications. Using these
capabilities, organizations can easily filter and search through
every type of interaction in order to reconstruct trades for
investigation and audit when necessary.
About NICESystems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of
software solutions that enable organizations to take the next best
action in order to improve customer experience and business
results, ensure compliance, fight financial crime, and safeguard
people and assets. NICE's solutions empower organizations to
capture, analyze, and apply, in real time, insights from both
structured and unstructured Big Data. This data comes from multiple
sources, including phone calls, mobile apps, emails, chat, social
media, video, and transactions. NICE solutions are used by over
25,000 organizations in more than 150 countries, including over 80
of the Fortune 100 companies. http://www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Systems. All other marks are
trademarks of their respective owners. For a full list of NICE
Systems' marks, please see:
http://www.nice.com/nice-trademarks.
Forward-Looking
Statements
This press release contains forward-looking statements as
that term is defined in the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements, including the
statements by Messer Rozenblat, are
based on the current expectations of the management of NICE-Systems
Ltd. (the Company) only, and are
subject to a number of risks and
uncertainties that could cause the actual results or performance of
the Company to differ materially from those
described herein, including but not
limited to the impact of the global
economic environment on the Company's customer base
(particularly financial services firms) and the resulting
uncertainties; changes in technology and market requirements;
decline in demand for the Company's products;
inability to timely develop and introduce
new technologies, products and applications; difficulties or delays
in absorbing and integrating acquired operations, products,
technologies and personnel; loss of market share; pressure on
pricing resulting from competition; and
inability to maintain certain marketing and
distribution arrangements. For a more detailed description of the
risk factors and uncertainties affecting the company,
refer to the Company's reports filed from
time to time with the Securities and
Exchange Commission, including the Company's Annual Report on Form
20-F. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company undertakes no obligation to update
or revise them, except as required by law.
Corporate Media Contact
Erik Snider, +1-877-245-7448,
erik.snider@nice.com
Investors
Marty Cohen, +1-212-574-3635,
ir@nice.com, ET
Anat Earon-Heilborn +
972-9-775-3798, ir@nice.com, CET
SOURCE NICE Systems Ltd.