NICE Actimize Cited as a Leading Vendor for Holistic & Communication Surveillance in Celent’s Market Surveillance Vendor Re...
June 28 2016 - 07:00AM
Business Wire
NICE also cited as a leader in machine learning
and cloud services
NICE Actimize, a NICE Ltd. (NASDAQ:NICE) business and the
largest and broadest provider of financial crime, risk and
compliance software for the financial services industry, announced
today that the company was positioned as a leading vendor for
holistic and communication surveillance in Celent’s 2016 report
“Market Surveillance Vendors – Dawn of a New Era.” Celent is a
research and advisory firm and a member of the Oliver Wyman Group,
which is part of Marsh & McLennan Companies.
“The advances made in technology in the areas of artificial
intelligence, big data, cloud computing, and cybersecurity are all
helping improve the surveillance capabilities on offer for market
participants and regulators alike. The influence of recent
regulations such as the Market Abuse Regulation and the use of
litigation related to curtail market abuse in the U.S has also been
significant in driving innovation and development of surveillance
systems,” said Dr. Anshuman Jaswal, Senior Analyst in Celent’s
Securities & Investments group, and author of the report. “NICE
Actimize is one of the market leaders addressing these issues with
holistic and communication surveillance.”
The Celent report, citing NICE as “a pioneer of holistic
surveillance capabilities,” also noted, “NICE Actimize provides
coverage for all asset classes and clients can choose level of
coverage depending on their requirement. It engages in holistic
surveillance, combining orders, trades, news, and alerts with
electronic communication, voice, and social media. This uses native
integration with the recording systems unlike other vendors.”
In the Celent report’s comparison of machine learning
capabilities and cloud services, NICE was also one of the leading
vendors cited as having significant machine learning capabilities,
and using cloud services to enable quicker deployment and better
economy for their clients. Stated Celent, “As we deal with ever
growing volumes of data and rising trading complexity, the use of
supervised machine learning, and unsupervised machine learning in
some advanced cases, will simply make it simpler to handle the
onerous compliance and regulatory needs.”
“New regulatory guidelines are raising the bar — requirements to
detect cross-product and cross-market manipulation are more
stringent than ever before,” said Puja Agrawal, VP and General
Manager, Financial Markets Compliance, NICE Actimize. “Our vision
of holistic surveillance, one that we introduced to market four
years ago, has become a game changer for the industry. We are
continuing to develop advanced capabilities that enable end-to-end
coverage — as electronic trading becomes more complex, new
communication methods introduced, and illicit activity more
sophisticated, a siloed approach just does not work.”
According to Celent, “NICE Actimize will continue to improve the
holistic surveillance capabilities it offers — including enhanced
visualization & investigation, cross channel analytics,
behavioural analytics, and network risk analytics. It is also
working on an enhanced business intelligence offering that will
enable business users to intuitively create and share
visualizations and analyses and quickly gain insight for better
decision-making.”
For more information on NICE Actimize holistic surveillance,
please click here.
About CelentCelent is a research and advisory firm
dedicated to helping financial institutions formulate comprehensive
business and technology strategies. Celent publishes reports
identifying trends and best practices in financial services
technology and conducts consulting engagements for financial
institutions looking to use technology to enhance existing business
processes or launch new business strategies. With a team of
internationally based analysts, Celent is uniquely positioned to
offer strategic advice and market insights on a global basis.
Celent is a member of the Oliver Wyman Group, which is part of
Marsh & McLennan Companies [NYSE: MMC].
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.
About NICENICE (NASDAQ:NICE) is the worldwide leading
provider of enterprise software solutions that empower
organizations to make smarter decisions based on advanced analytics
of structured and unstructured data. NICE solutions help the
world’s largest organizations deliver better customer service,
ensure compliance, combat fraud and safeguard citizens. Over 25,000
organizations in more than 150 countries, including over 80 of the
Fortune 100 companies, are using NICE solutions. www.nice.com.
Trademark Note: Actimize, the Actimize logo, NICE and the NICE
logo are trademarks or registered trademarks of NICE Ltd. and/or
its subsidiaries. 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 Ms. Agrawal, are based on
the current expectations of the management of NICE Ltd. (the
Company) only, and 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) and the resulting uncertainties; 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; pressure on
pricing resulting from competition; and inability to maintain
certain marketing and distribution arrangements. 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/20160628005662/en/
Press Contact:NICE ActimizeCindy Morgan-Olson,
+1-212-851-8842cindy.morgan-olson@niceactimize.comorInvestors:Marty
Cohen, +1-212-574-3635ir@nice.comYisca Erez,
+972-9-775-3798ir@nice.com
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