Banco Espirito Santo Selects & Deploys Actimize, a NICE Systems Company, Brokerage Compliance Market Abuse Solution
07 Octobre 2009 - 1:00PM
PR Newswire (US)
Actimize Expands Into Portugal, With Large Local Bank Leading the
Way in Tackling Market Abuse and Insider Dealing NEW YORK and
LONDON, October 7 /PRNewswire-FirstCall/ -- Actimize, the largest
and broadest provider of transactional risk management software for
the financial services industry and a NICE Systems (NASDAQ:NICE)
company, today announced that Banco Espirito Santo, listed on the
Euronext 100 index, is leading the way in the Portuguese financial
market by deploying Actimize's Brokerage Compliance Market Abuse
solution to identify and report suspicious transactions. The first
phase of the programme has been deployed and is expected to go live
in the fourth quarter of this year. Banco Espirito Santo, one of
Portugal's leading banks, is implementing a best of breed market
abuse solution to help it comply with the Market Abuse Directive.
The bank, which trades on both the Portuguese Euronext Lisbon and
Spanish Bolsas y Mercados Espanoles (BME) exchanges, monitors
market events in both regions. "Actimize is the clear market leader
in this field with a set of proven technologies and solutions and
we are confident that deploying Actimize solutions will help us
further strengthen our reputation in the industry and reaffirm
client confidence in our high ethical and business standards", said
Joao Martins Pereira, head of group compliance at Banco Espirito
Santo. Actimize's Market Abuse solution has set the standard in
Europe, enabling large to mid-sized businesses to increase their
insight into suspicious behaviour and improve risk and compliance
performance. The solution, used by many top global financial
services organisations, helps firms comply with regulatory
requirements from the Financial Services Authority, Autoriteit
Finanicele Markten (AFM), Autorite des Marches Financiers (AMF),
Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin), Comissao
do Mercado de Valores Mobiliarios (CMVM), La Comision Nacional del
Mercado de Valores (CNMV), and other European regulators by
monitoring and detecting suspicious transactions and automatically
distributing alerts directly to relevant users within an intuitive
case management workflow environment. The system uses several
analytical methods to assign priority scores to alerts, thus
improving the efficiency of regulators, trading managers and
compliance staff. Actimize solutions are all built on a single
technological platform, which provides lower total cost of
ownership (TCO) as compared to siloed solutions and gives firms the
flexibility to incrementally add new solutions over time. "Banco
Espirito Santo's selection of Actimize places it within an elite
group of financial institutions using the latest generation of
technology to combat Market Abuse and Employee Conflicts of
Interest," said Bruno Piers de Raveschoot, Vice President - Europe
of Actimize. "In the current economic climate, banks are encouraged
to remain vigilant and work closely with the regulators to
reinforce regulation and maintain market confidence. Our solutions
assist trading managers and compliance staff to achieve these goals
while improving their efficiency by monitoring across a variety of
market instruments and providing accurate, scored alerts within a
highly flexibility investigative environment with built in workflow
and logic." About Banco Espirito Santo Banco Espirito Santo is one
of Portugal's leading banks with more than 700 branches over 9000
staff and a vast experience of dealing with international clients.
The Group's principal activities are retail banking, private
banking and asset management, corporate banking and investment
banking in Portugal. The Group complements its domestic activity
with international business focused in Spain, Angola and Brazil.
About Actimize Mitigating transactional risk across enterprise
silos, Actimize is a leading provider of software solutions for
anti-money laundering, brokerage compliance and fraud prevention.
Built on a patented, scalable and extensible analytics platform,
Actimize solutions enable financial institutions to increase their
insight into real-time customer behaviour and improve risk and
compliance performance. Actimize technology processes billions of
transactions a day for many of the world's top banks and
brokerages. Actimize, a NICE Systems company, has offices in New
York, Israel, London and Tokyo. For more information, go to
http://www.actimize.com/. About NICE Systems NICE Systems
(NASDAQ:NICE) is the leading provider of Insight from
Interactions(TM) solutions and value-added services, powered by the
convergence of advanced analytics of unstructured multimedia
content and transactional data - from telephony, web, email, radio,
video, and other data sources. NICE's solutions address the needs
of the enterprise and security markets, enabling organizations to
operate in an insightful and proactive manner, and take immediate
action to improve business and operational performance and ensure
safety and security. NICE has over 24,000 customers in more than
135 countries, including over 85 of the Fortune 100 companies. More
information is available at http://www.nice.com/. Press Contact:
Jonathan Stotts Actimize +1-212-994-3865 Investors: Daphna Golden
NICE Systems Ltd. +1-877-245-7449 DATASOURCE: NICE Systems CONTACT:
Press Contact: Jonathan Stotts, Actimize, +1-212-994-3865, ;
Investors: Daphna Golden, NICE Systems Ltd., +1-877-245-7449,
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