SURVEIL-X Studio enables FSOs to rapidly
create, test and deploy custom analytic risk detection models to
close regulatory and operational risk gaps
In the world of financial services, regulations and business
risks are constantly evolving. Surveillance models that get the job
done today could be out-of-date tomorrow, potentially exposing
firms to fines and reputational damage. To address this challenge,
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader
in Autonomous Financial Crime Management, has introduced an
enhancement to its SURVEIL-X Holistic Trade Surveillance solution
that provides self-service analytics, called SURVEIL-X Studio. This
all-in-one approach enables Financial Services Organizations (FSOs)
to rapidly create, test and deploy custom analytic risk detection
models.
Instead of wasting time coding, and sourcing and scrubbing data,
business analysts who use SURVEIL-X Studio can focus their
expertise on creating risk models to close coverage gaps and solve
complex compliance challenges. Non-technical business analysts can
effortlessly create models using SURVEIL-X Studio’s drag-and-drop
interface, choosing from an expansive library of customizable
templates or easily building their own rules from scratch.
SURVEIL-X Studio also features built-in integrations to data
services (including trading data and market data), and common
business functions and calculations (including currency conversions
and market trends).
Chris Wooten, Executive Vice President, NICE, stated,
“Today, many firms are attempting to plug surveillance gaps with
in-house solutions or by mixing and matching out-of-the-box
products from different technology providers. These temporary
measures don’t provide complete coverage and may force analysts to
work in silos which can be risky, costly and time consuming. With
SURVEIL-X Studio, NICE Actimize has leveraged decades of experience
to create an all-in-one, self-service analytics solution tailored
to the needs of financial services organizations. Firms get
complete surveillance coverage without the added costs, hassles and
limitations of in-house or multi-vendor solutions.”
Using SURVEIL-X Studio, testing and implementing risk models is
fast, easy and seamless; business analysts can deploy rules into
tests and promote them to production with a single click with fully
auditable, built-in change control processes guiding them every
step of the way. Additionally, once rules are deployed into
production, all alerts are delivered to analysts on the same ActOne
case management platform, for a consistent, seamless user
experience. ActOne’s rich visual alerting capabilities provide
comprehensive graphical representations of all detected risks,
along with detailed timelines of events and explanations of alerts,
leveraging a broad range of risk factors, including communications,
trades and more.
SURVEIL-X Studio is part of NICE Actimize’s SURVEIL-X, the
industry's first AI-powered, cloud-native, true holistic
surveillance solution. SURVEIL-X detects all forms of risky
behavior to ensure compliance with key global regulations,
including MiFID II, Dodd-Frank, MAR, Regulation Best Interest and
others. SURVEIL-X offers unparalleled risk coverage for buy- and
sell-side firms, insurance companies, crypto exchanges, regulators
and more by enabling accurate detection and rapid, thorough
investigation of market abuse, inappropriate sales practices,
conduct risk and other undetectable compliance risks to insulate
firms from fines and reputational damage.
Learn more:
- For further information on SURVEIL-X and SURVEIL-X Studio
please click here.
- To learn how to leverage self-service analytics to improve your
firm’s risk coverage capabilities, please click here to view our
recorded webinar. Registration required.
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 NICE (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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200720005247/en/
Corporate Media Contact Cindy Morgan-Olson, 551-256-5202,
cindy.morgan-olson@niceactimize.com
Investors Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Yisca Erez +972 9 775 3798, CET, ir@nice.com
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