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, will support and enhance Brown Brothers Harriman & Co.’s (BBH) compliance operations with expanded licensing of its Trade Surveillance portfolio, including the Actimize Trading Compliance Solution – Control Room and Actimize Enterprise Risk Case Manager solutions.
The license will also include the highly flexible Actimize self-development tool which tailors the Actimize Enterprise Trade Surveillance to BBH’s specific needs, as well as Actimize’s Enterprise Risk Case Manager, which enhances operational efficiencies by automating and streamlining processes and facilitates a unified view of risk across multiple lines of business, channels, products and customers.
“NICE Actimize’s compliance solutions continue to support our business to help us meet the ever-changing regulatory environment,” said Mark Margiotta, Vice President Trade Surveillance at Brown Brothers Harriman & Co. “There are benefits in continuing with a unified suite of products, coupled with the adoption of a single case management system, that will enable us to continue to manage our monitoring solutions.”
“As we continue to support our relationships with leading financial institutions with an innovative product roadmap, it has become increasingly important that company strategies adopt a holistic view across the institution to better manage risk,” said Joe Friscia, President of NICE Actimize. “And for companies with complex needs, our Enterprise Risk Case Manager removes information barriers and unites departments so they achieve full visibility and truly safeguard the institution and its clients.”
The Actimize Enterprise Trade Surveillance solution includes a complete set of advanced algorithms, an intuitive user interface, and automated alert management capabilities which allow firms to efficiently monitor for market manipulation, fraud, insider trading and behavioral patterning. The solution combines out-of-the-box detection scenarios across asset classes and Over-the-Counter (OTC) instruments, and investigation capabilities for detecting potential market manipulation and client abuse, together with robust query and reporting tools, desk supervision, and compliance oversight capabilities.