NICE Actimize prioritized its investments in
suitability throughout Asia, applying cloud, artificial
intelligence, and advanced analytics to addressing regulatory
concerns
NICE Actimize, a NICE (NASDAQ: NICE)
business, was named the winner in the Suitability (Pan Asia)
category by WealthBriefingAsia Awards for the third consecutive
year. Sponsored by WealthBriefing, a publication of Clearview
Financial Media and a leading global provider of business
intelligence in the private banking and wealth management space,
the awards program rewards achievement, top class performance, and
innovation across Asia.
In the competition’s eleventh year, NICE Actimize emerged as the
2023 Suitability (Pan Asia) winner in supporting wealth advisors
and asset managers through the successful implementation of its
holistic surveillance solutions offerings. NICE Actimize showed how
it prioritized its investment in the Wealth Management and
Suitability area throughout Asia, applying cloud, artificial
intelligence, and advanced analytics to enable its customers to
support the best interests of their end clients.
“With our strong commitment to the Asia-Pacific market, our
innovative surveillance solutions are helping financial
institutions meet regulatory obligations while managing client
risk,” said Chris Wooten, EVP, NICE. “Increased regulatory
pressures throughout the region demand better controls and when
compounded with the complexity of investment strategies, financial
firms must identify sales activity issues and record actions to
meet ongoing regulatory requirements. Our solutions support our FIs
in addressing these concerns.”
“For the third time, our winner NICE Actimize has continued to
advance its suitability offering to ensure it is at the forefront
of the Asian market,” said ClearView Financial Media’s CEO, and
Publisher of WealthBriefing, Stephen Harris. “These awards
recognize the very best operators in Asia wealth management, with
‘independence,’ ‘integrity,’ and ‘genuine insight’ the watchwords
of the judging process - such that the awards truly reflect
excellence in Asia wealth management.”
NICE Actimize SURVEIL-X Suitability for Wealth and Insurance is
a comprehensive AI-powered surveillance and suitability solution
that builds on the capabilities of NICE Actimize’s industry-leading
SURVEIL-X Holistic Conduct Surveillance suite. A growing body of
global regulations and recommendations are requiring financial
services organizations to monitor employees more closely; review
their investment recommendations, transactions and accounts for
suitability and undue risks; and ensure that mandated disclosures
are being properly communicated.
Among the supported regulations within APAC are the Monetary
Authority of Singapore's Private Banking Sales and Advisory
Practices guidance and the Securities and Futures Commission’s and
Hong Kong Monetary Authority’s suitability obligations.
Earlier this year, NICE Actimize won the WealthTech Americas
award, as well as the WealthBriefing Europe award, all for
Suitability further demonstrating its global leadership in this
category.
For a replay of NICE Actimize’s webinar, “Heightened
Expectations: Sales & Suitability in a Digital Era,” please
click here.
For more information on NICE Actimize’s SURVEIL-X solutions,
please 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 NICE
With NICE (Nasdaq: NICE), it’s never been easier for
organizations of all sizes around the globe to create extraordinary
customer experiences while meeting key business metrics. Featuring
the world’s #1 cloud native customer experience platform, CXone,
NICE is a worldwide leader in AI-powered self-service and
agent-assisted CX software for the contact center – and beyond.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, partner with NICE to
transform - and elevate - every customer interaction.
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 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
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,” “seek,” “may,” “will,” “intend,”
“should,” “project,” “anticipate,” “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
changes in economic and business conditions, including as a result
of the COVID-19 pandemic; competition; successful execution of the
Company’s growth strategy; success and growth of the Company’s
cloud Software-as-a-Service business; 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; the Company’s dependency
on third-party cloud computing platform providers, hosting
facilities and service partners;, cyber security attacks or other
security breaches against the Company; the effect of newly enacted
or modified laws, regulation or standards on the Company and our
products and various other factors and uncertainties discussed in
our filings with the U.S. Securities and Exchange Commission (the
“SEC”). 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 SEC, 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/20230626548973/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, media@nice.com, ET Investors: Marty Cohen, +1 551 256
5354, ir@nice.com, ET Omri Arens, +972 3 763 0127, ir@nice.com,
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