NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of financial crime, risk and compliance software for the financial services industry, announces the launch of its next-generation Actimize Cross-Asset Cloud Markets Surveillance solution, featuring Foreign Exchange (FX) and Case Management capabilities. The solution targets foreign exchange, equities, fixed income, futures and options asset classes in a single hybrid cloud environment, and meets the unique compliance needs and regulatory requirements of both buy-side and sell-side firms.

Leveraging NICE Actimize’s more than 12 years of experience with OTC instruments, the Cloud Markets Surveillance solution provides a comprehensive package of surveillance models that enable global regulatory compliance across products and markets. The solution’s proven analytic capabilities offer fully automated surveillance and end-to-end workflow management, investigation, audit, and reporting/dashboard capabilities. 

The NICE Actimize Cross-Asset Cloud Markets Surveillance solution’s Risk Case Manager (RCM), which is already deployed at numerous financial institutions, is a fully integrated, web-based case manager that offers efficient alert management, ad hoc investigation, and audit trail functionality. This combination of features improves organizational communication and minimizes redundant efforts, while meeting regulatory books and records obligations.
 
“Our hybrid approach provides unique capabilities across a broad range of markets,” said Puja Agrawal, Vice President & General Manager, NICE Actimize. “Our robust compliance-as-a-service cloud solution supports a predictive, preventative approach to managing risk, while maintaining integrity and offering financial organizations of all sizes a unique value proposition.”

“As regulatory demands grow, the importance of effective and technologically top-of-line trade surveillance increases — especially in terms of coverage expansion for asset classes. In an era where compliance concerns are evolving to be a major area of firm operations, a secure, flexible and cost-effective market surveillance capability is viewed as a competitive differentiator for both brokers and execution venues,” said Danielle Tierney, senior analyst at Aite Group LLC.

The Cloud Markets Surveillance solution combines a core set of NICE Actimize’s industry recognized, out-of-the-box detection scenarios with investigation capabilities, robust query and reporting tools, case management, and compliance oversight capabilities. Its turn-key implementation and reduced up-front costs means greater affordability for firms of all sizes.