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NICE Actimize Cited as a Leading Vendor for Holistic and Communication Surveillance in Celent's Market Surveillance Vendor ReportNICE Actimize, a NICE Ltd. (NASDAQ:NICE) business and the largest and broadest provider of financial crime, risk and compliance software for the financial services industry, announced today that the company was positioned as a leading vendor for holistic and communication surveillance in Celent's 2016 report "Market Surveillance Vendors - Dawn of a New Era." Celent is a research and advisory firm and a member of the Oliver Wyman (News - Alert) Group, which is part of Marsh & McLennan Companies. "The advances made in technology in the areas of artificial intelligence, big data, cloud computing, and cybersecurity are all helping improve the surveillance capabilities on offer for market participants and regulators alike. The influence of recent regulations such as the Market Abuse Regulation and the use of litigation related to curtail market abuse in the U.S has also been significant in driving innovation and development of surveillance systems," said Dr. Anshuman Jaswal, Senior Analyst in Celent's Securities & Investments group, and author of the report. "NICE Actimize is one of the market leaders addressing these issues with holistic and communication surveillance." The Celent report, citing NICE as "a pioneer of holistic surveillance capabilities," also noted, "NICE Actimize provides coverage for all asset classes and clients can choose level of coverage depending on their requirement. It engages in holistic surveillance, combining orders, trades, news, and alerts with electronic communication, voice, and social media. This uses native integration with the recording systems unlike other vendors." In the Celent report's comparison of machine learning capabilities and cloud services, NICE was also one of the leading vendors cited as having significant machine learning capabilities, and using cloud services to enable quicker deployment and better economy for their clients. Stated Celent, "As we deal with ever growing volumes of data and rising trading complexity, the use of supervised machine learning, and unsupervised machine learning in some advanced cases, will simply make it simpler to handle the onerous compliance and regulatory needs." "New regulatory guidelines are raising the bar - requirements to detect cross-product and cross-market manipulation are more stringent than ever before," said Puja Agrawal, VP and General Manager, Financial Markets Compliance, NICE Actimize. "Our vision of holistic surveillance, one that we introduced to market four years ago, has become a game changer for the industry. We are continuing to develop advanced capabilities that enable end-to-end coverage - as electronic trading becomes more complex, new communication methods introduced, and illicit activity more sophisticated, a siloed approach just does not work." According to Celent, "NICE Actimize will continue to improve the holistic surveillance cpabilities it offers - including enhanced visualization & investigation, cross channel analytics, behavioural analytics, and network risk analytics. It is also working on an enhanced business intelligence offering that will enable business users to intuitively create and share visualizations and analyses and quickly gain insight for better decision-making." For more information on NICE Actimize holistic surveillance, please click here.
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