NICE Actimize Named “Best Trade Surveillance Solution for MAD/MAR Technology” Category Winner in A-Team Group’s 2018 Re...
07 Mai 2018 - 12:30PM
Business Wire
NICE Actimize received the most online votes
from industry participants, including readers of Data Management
Review and Intelligent Trading Technology
NICE Actimize, a NICE (Nasdaq:NICE) business and the
industry leader in Autonomous Financial Crime Management,
was named the category winner for “Best Trade Surveillance Solution
for MAD/MAR Technology” in A-Team Group’s 2018 RegTech Awards.
Following its shortlisting compiled by a distinguished awards
advisory board of judges from leading financial services
organizations who reviewed the competition finalists, NICE Actimize
was the recipient of the most online votes in its category by
industry participants, including readers of Data Management Review
and Intelligent Trading Technology, notable publications under the
A-Team Group umbrella.
With this year’s competition covering 27 categories, the 2018
RegTech Awards celebrate leading technologies and third-party
vendors in the area of their expertise, and are uniquely designed
to recognize both start-up and established providers of RegTech
solutions, services, consultancy and legal advice. The RegTech
Awards evaluation considered depth of involvement in capital
markets, relevance of a solution or service to a selected award
category, and the potential interest of a solution or service to
the publications’ RegTech community.
Chris Wooten, Executive Vice President, NICE, said "We
thank the readers of A-Team Group publications Data Management
Review and Intelligent Trading Technology, along with our customers
and partners, for demonstrating their continuing confidence in our
commitment to meeting the demands of MiFID II and MAR. As we
continue to transform and update our solutions in financial markets
compliance, with advancements in artificial intelligence, machine
learning and the cloud, we will work closely with our customers to
optimize operations, lower costs and reduce reputational risk.”
MiFID II, which went into effect on January 3rd, requires firms
to monitor communications and transactions for Market Abuse and
sets a higher bar for High Frequency Trading, requiring such
trading activity to be monitored at the microsecond level. Firms
that do not comply with this stipulation risk fines, or worse,
reputational damage if market abuse goes undetected. To address
this, NICE Actimize, enhanced its Market Surveillance
Solution to help firms comply with the MiFID II microsecond
requirement, while improving firms’ ability to detect and mitigate
market abuse.
Additionally, rapid trade reconstruction is mandated by the
global-reaching MiFID II, MAR, Code of Conduct and Dodd-Frank
regulations, and in most cases with a demanding 72-hour turnaround.
To address these and other rigorous trading compliance
requirements, NICE Actimize added an innovative new Trade
Reconstruction module to its Holistic Surveillance
portfolio.
The new Trade Reconstruction solution features advanced
machine-learning analytics to classify and understand the content
based on previous examples and patented automated correlation
capabilities to link trade executions to trade conversations that
can cut trade reconstruction time from days to minutes, and help
firms improve responsiveness to regulators. Successfully deployed
at several large financial institutions, NICE Actimize’s Trade
Reconstruction module is already significantly reducing turnaround
time and greatly increasing accuracy over previously used manual
methods.
For additional information:
- On NICE Actimize Market
Surveillance click here.
- On NICE Actimize Trade
Reconstruction click here.
- On NICE Actimize Autonomous
Financial Crime Management (AFCM), click here.
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. 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 world’s 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. Wooten 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: https://www.businesswire.com/news/home/20180507005503/en/
NICECorporate Media Contact:Cindy Morgan-Olson,
+1-551-256-5000NICE
Actimizecindy.morgan-olson@niceactimize.comorInvestors:Marty
Cohen, +1 551 256 5354, ETir@nice.comorYisca Erez, +972-9-775-3798,
CETir@nice.com
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