NICE Actimize receives Regulation Asia’s
Excellence Award for innovation in artificial intelligence and
analytics to spot market abuse, conduct risk and suspicious
communications
NICE Actimize, a NICE (Nasdaq: NICE) business, announced
today that its Holistic Trade and Communications Surveillance
solutions suite was recognized by the “Regulation Asia
Awards for Excellence 2020” for the second consecutive year
with the “Best Solution in Market & Trading Surveillance”
award. The Regulation Asia awards program recognizes excellence by
firms that work to ensure the highest compliance standards are
upheld in the financial industry, and which have shaped the
regulatory landscape in Asia Pacific.
Regulation Asia’s “Best Solution” category
recognizes solutions designed with specific regulatory requirements
in mind, assessed on multiple criteria, including the ease and
speed of implementation, flexibility, robustness, scalability,
transparency, technical support, cost, and return on investment for
end clients, the judges noted. According to Regulation Asia, NICE
Actimize was specifically cited as the ‘Winner’ for its use of
artificial intelligence and analytics to spot market abuse, conduct
risk and suspicious communications early on, thereby preventing
reputational, financial and regulatory risk.
Among NICE Actimize’s solutions underscored by this award win is
SURVEIL-X, the industry’s first AI-powered, cloud-native,
true holistic trade-related surveillance suite. SURVEIL-X
accurately and efficiently detects virtually all forms of risky
behavior to ensure compliance with key global regulations while
protecting financial services organizations from previously
undetectable risks that could result in fines and reputational
damage.
“Today’s regulations continue to create constant change for
financial services organizations, elevating the importance of
effective compliance monitoring and trade-related surveillance
technology,” said Bradley Maclean, Co-founder, Regulation
Asia. “For the second consecutive year, our panel of industry
experts have recognized the innovations NICE Actimize offers
through its holistic trade and communications surveillance
solutions, as well as its use of advanced technologies to enhance
its portfolio of financial crime compliance solutions. This award
also acknowledges NICE Actimize’s work over the past year to keep
up with rapidly changing regulatory requirements.”
“We continue our commitment to the Asia Pacific region and thank
Regulation Asia’s expert panel of judges for once again recognizing
our innovation in trade and communications surveillance,” said
Chris Wooten, EVP, NICE. “NICE Actimize’s end-to-end
surveillance suite is a clear leader when it comes to solving
today’s increasingly complex challenges. We continue to infuse
SURVEIL-X with machine learning and other advanced technologies to
support our clients as they meet growing regulatory demands and the
need to increase operational efficiency.”
To view a video discussing NICE Actimize’s win in its category,
please click here. For further information on the Regulation Asia
Awards, please click here.
About the Regulation Asia Awards for Excellence The
Regulation Asia Awards for Excellence recognizes technology
companies, legal and consulting firms, and exchanges that have
shaped the regulatory landscape in Asia Pacific, as well as
outstanding technology projects both in mature and emerging markets
by large tech firms and innovative startups that help meet the
requirements of a specific regulatory change infrastructure.
About Regulation Asia Regulation Asia is the leading
source for actionable regulatory intelligence for Asia Pacific
markets. Since 2013, our audience and subscription base have grown
to include regulatory bodies, exchanges, banks, asset managers and
service providers, allowing us to play a key role in the regulatory
agenda. Visit www.regulationasia.com or connect via LinkedIn or
Twitter.
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: 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:
http://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/20210127005419/en/
Press: Cindy Morgan-Olson +1 551 256 5202,
cindy.morgan-olson@niceactimize.com, ET
Investors Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Yisca Erez +972 9 775 3798, ir@nice.com, CET
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