With a rapidly changing regulatory environment,
NICE Actimize addresses the unique requirements of the growing
crypto industry category
Leading the industry with solutions supporting digital financial
services offerings, NICE Actimize, a NICE (Nasdaq: NICE)
business and the leader in Autonomous Financial Crime
Management, was selected by Circle, a leading global crypto finance
company, to implement its market surveillance and protections
strategy. Through the usage of NICE Actimize’s Cloud Markets
Surveillance (MS) solution, Circle will augment key infrastructure
to guard against market manipulation across its exchange and
trading products which currently see more than $3 billion in
monthly trading volume.
The NICE Actimize Markets Surveillance (MS) solution enables
firms to quickly and cost effectively detect sophisticated forms of
market manipulation including pump and dump, layering and insider
trading – all significant threats to crypto trading. Also
important, NICE Actimize MS’s configurable rules engines reduce
false positives and costs by enabling firms to tailor alert
thresholds to their customers’ trading activity.
“As a leading crypto finance company, it was important that we
work with a leading financial crime solutions provider like NICE
Actimize which provides industry-leading solutions for the rapidly
changing financial crime, risk and compliance landscape,” said
Robert Bench, Head Regulatory Counsel and Chief Compliance
Officer, Circle. “Circle has adopted a strong position on
policy and crypto-related regulatory issues that focuses on the
safety of our customers and investors. Adapting innovative
technology solutions, such as the financial markets compliance
solutions from NICE Actimize, to meeting the potential needs of
regulators and protecting our assets brings this commitment full
circle.”
Added Bench, “There are a number of markets surveillance vendors
that address traditional asset classes, but we needed a partner
that could adapt their traditional market expertise to the unique
elements of the crypto market. NICE Actimize was chosen as the
partner which could offer that adaptability.”
“As we lead the digital financial services industry with
breakthroughs in artificial intelligence and advanced analytics,
NICE Actimize will continue to innovate on behalf of the newest
financial product categories, including cryptocurrencies, digital
wallets, and more,” said Craig Costigan. CEO, NICE Actimize.
“We recognize that Circle is a category leader committed to the
highest standards of customer safeguards and are excited to be one
of the industry’s first financial crime solutions providers to
tackle the exciting new cryptocurrency category with secure and
cost-effective protections.”
Leveraging NICE Actimize’s experience with OTC instruments, the
MS solution provides a comprehensive package of surveillance models
that enables global regulatory compliance across products and
markets. The solution’s proven analytic capabilities offer fully
automated surveillance and end-to-end workflow management,
investigation, audit, and reporting/dashboard capabilities. The MS
solution also utilizes ActOne, the market’s first AI-enabled
financial crime investigation management platform that serves as
the next generation alert and case management platform.
For additional information on NICE Actimize Market Surveillance
solutions, please click here.
About CircleCircle is a global crypto finance company,
built on blockchain, powered by crypto assets, and dedicated to
helping people and institutions create and share value globally.
With its suite of products, Circle enables its customers to send
and receive money around the world easily, as well as invest in and
trade crypto assets. Learn more at circle.com.
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. Costigan 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190227005349/en/
Corporate MediaCindy Morgan-Olson,
551-256-5202, cindy.morgan-olson@niceactimize.com
InvestorsMarty Cohen, +1 551 256 5354, ir@nice.com,
ET
Yisca Erez +972 9 775 3798, ir@nice.com, CET
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