According to the company, the new service combines, insight from transactional data with voice analytics to meet growing regulatory requirements for monitoring of market abuse, insider trading and other regulatory issues. The trading interaction surveillance, under one view, automates and enhances trading surveillance and the effectiveness of regulatory investigations, thus reducing risk and operational costs.
Using the new trading interaction surveillance system, compliance officers will be able to improve processes and achieve broader and effective cross-channel surveillance and investigations, said Nice Systems.
David Sosna, CEO of Actimize, a Nice company, said: The need to meet regulatory requirements and fight financial crime continues to be relevant and even critical in these volatile times. Clients have been telling us that this unique offering can help them improve research and surveillance processes, enhance operational efficiency, and reduce costs. The product received positive feedback at our recent client forums in New York and London where we showcased this integrated solution for the first time.
