NICE Actimize Introduces Holistic Behavioral Analytics Solution to Detect Emerging Patterns and Hidden Threats
04 Avril 2017 - 1:00PM
Business Wire
The new solution enables analysts to more
thoroughly investigate abnormal behavior in surveillance
activity
NICE Actimize, a NICE (Nasdaq:NICE) business and the
industry's largest and broadest provider of a single financial
crime, risk, and compliance software platform for the financial
services industry has introduced its new Holistic Behavioral
Analytics Solution designed to help financial institutions uncover
conduct-related threats that traditional analytics are not designed
to detect. The new solution transforms existing compliance
processes by discovering risks that lie in enterprise silos, a
critical step in mitigating losses, thereby protecting a firm’s
reputation and meeting regulatory obligations.
Global regulators, such as the Financial Industry Regulatory
Authority (FINRA), the Financial Conduct Authority (FCA) and the
Securities Futures Commission of Hong Kong (SFC), require firms to
manage conduct risk, create a culture of compliance and effectively
govern the firm. However, since behaviors violating these mandates
often don’t follow a predictable pattern that can be easily
modeled, certain types of threats may go undetected for long
periods. NICE Actimize’s Holistic Behavioral Analytics solution
exposes these threats by analyzing vast volumes of trades,
communications and other data to identify risky individuals or
entities.
“From the front office to compliance and risk teams, the
strategic use of behavioral analytics enables firms to move from
identification of compliance risk to prediction and prevention of
risk, applicable to both buy side and sell side firms, as well as
retail organizations,” said Joe Friscia, President, NICE Actimize.
“The integration of advanced behavioral analytics into traditional
analytics reduces the cost of compliance and saves analysts time by
eliminating the all too often alerts traffic jams.”
The NICE Actimize Holistic Behavioral Analytics solution, which
identifies high-risk entities such as a trader, account, broker,
desk or counterparty, enables analysts to spot changes in behavior
and instantly open an investigation. If an analyst determines that
the behavior is putting the firm at risk, they can open an
investigation – mitigating the risk of financial loss or regulatory
violation. Powered with an open and flexible platform, firms can
easily extend this new solution to cover emerging areas of
risk.
In addition to detecting hidden threats, the NICE Actimize
Behaviorial Analytics solution, when used in conjunction with the
NICE Actimize Markets Surveillance solution, also helps firms more
accurately assess alerts for known threats such as insider trading,
spoofing and marking the close. Firms using both solutions can view
alerts generated by both traditional analytics and the behavioral
data associated with them within NICE Actimize’s case management,
better enabling analysts to more quickly assess severity of
alerts.
About NICE ActimizeNICE 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. The company provides real-time,
cross-channel fraud prevention, anti-money laundering detection,
and trading surveillance solutions that address such concerns as
payment fraud, cybercrime, sanctions monitoring, market abuse,
customer due diligence and insider trading. Find us at
www.niceactimize.com, @NICE_Actimize or Nasdaq:NICE.
About NICENICE (Nasdaq:NICE) is the worldwide leading
provider of both cloud and on-premises enterprise software
solutions that empower organizations to make smarter decisions
based on advanced analytics of structured and unstructured data.
NICE helps organizations of all sizes deliver better customer
service, ensure compliance, combat fraud and safeguard citizens.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, are using NICE solutions.
www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks
of their respective owners. For a full list of NICE’s marks, please
see: www.nice.com/nice-trademarks.
Forward-Looking StatementsThis 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 Mr. Friscia, are based on
the current beliefs, expectations and assumptions of the management
of NICE Ltd. (the Company). In some cases, such forward-looking
statements can be identified by terms such as believe, expect, may,
will, intend, project, plan, estimate or similar words.
Forward-looking statements 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) potentially impacting our business and financial
condition; competition; 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; an inability to maintain certain
marketing and distribution arrangements; and the effect of newly
enacted or modified laws, regulation or standards on the Company
and our products. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170404005678/en/
Press Contact:NICE ActimizeCindy Morgan-Olson,
+1-551-256-5000cindy.morgan-olson@niceactimize.comorInvestors:NICE
Ltd.Marty Cohen, +1 551 256-5354ir@nice.comYisca Erez,
+972-9-775-3798ir@nice.com
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