NICE Actimize Recognized as a Market Leader in Opimas Trade Surveillance Solutions Vendor Report

We are very pleased that we have been recognized as a leader in the Opimas "Shortlisting Trade Surveillance Solutions" report. Opimas, which profiled 26 trade surveillance specialist vendors in its report, cited NICE Actimize as a dominant market force and leader in Holistic Surveillance, Voice Communications and Trade Reconstruction. The report also said that NICE Actimize has led the MiFID II-driven charge to provide a holistic service, combining surveillance and analysis of both cross-asset class trade data and communication channels while also differentiating itself with its Sales Practices and Suitability offerings.

The report stated, "Although competitors are beginning to enter the ring as holistic solutions, NICE Actimize is still the proven end-to-end solution combining both trade and communications surveillance in one place." The vendor report also cited, "NICE Actimize’s communications surveillance capabilities leverage natural language processing and behavioral analytics to monitor text and voice communications for indicators of secrecy, collusion, bragging, etc. It can surveil the largest list of languages, including: English, Spanish, Hindi, Portuguese, Russian, Turkish, Polish, French, German, Japanese, Chinese (Mandarin and Cantonese), and Korean."

We noticed in the market that surveillance-related challenges have become increasingly complex, as regulations heighten their range of demands to include a focus on communications, and with this increased risk and complexity, a priority, we have accelerated our developments in our eCommunications surveillance and Trade Reconstruction solutions so firms can meet their regulatory obligations more efficiently while avoiding reputational damage and fines. We are thankful to Opimas for its extensive research into the surveillance marketspace and for its depth of research into our offerings that lead the industry in intelligent automation, voice communication and behaviorial analytics, among just a few differentiating attributes.

"Market participants in this category are now firmly centered on reducing costs by better targeting alerts, broadening surveillance across siloed channels, and automating investigations," said Anna Griem, Research Analyst, Opimas. "Only a handful of the solutions profiled in this report provide true e-communications and voice surveillance alongside Markets Surveillance capabilities. NICE Actimize has led the charge as a provider for holistic surveillance, proving itself time and time again with its global client base. NICE Actimize, we noted in the report, is also highly regarded for it trade reconstruction capabilities."

The Opimas report summarized its review of NICE Actimize by noting that, "NICE Actimize’s roadmap looks promising – with its Autonomous Financial Crime Management platform, featuring continued investment in holistic surveillance, behavioral analytics and anomaly detection, machine learning, relationship mapping, delivery of front office insights, and continued reduction of false positives. NICE Actimize is well positioned in today’s market, and putting this roadmap into action should maintain its position of dominance."

The report outlines several key market drivers in the trade surveillance area, explaining that The Market Abuse Directive (MAD), the Markets in Financial Instruments Directive (MiFID II), ESMA Guidelines, the Dodd Frank Act, the Hong Kong Securities and Futures Ordinance, and the Singapore Market Misconduct Regime, cumulatively also require more market participants than ever before to surveil for market abuse and insider trading, and appropriately report and handle an incident when it occurs. Market participants themselves have a number of incentives to stamp out threatening trading conduct: steep regulatory fines, reputational damage, and avoiding losses, to name a few.

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