Leveraging industry-leading behavioral
analytics, NICE Actimize’s AI-powered suitability solution
addresses the changing regulatory requirements and protects
consumers
NICE Actimize, a NICE (NASDAQ: NICE) business, was
named the winner in the “Suitability” product category by
WealthBriefing European Awards 2024. Sponsored by WealthBriefing, a
publication of ClearView Financial Media and a leading global
provider of business intelligence in the private banking and wealth
management space, the awards program rewards achievement, best in
class performance, innovation, and a focus on client experience.
This is the third consecutive year for NICE Actimize to receive
this award.
NICE Actimize’s award-winning SURVEIL-X Suitability for Wealth
and Insurance is a comprehensive AI-powered surveillance and
suitability solution that builds on the capabilities of NICE
Actimize’s industry-leading SURVEIL-X Holistic Conduct Surveillance
suite. The cloud native suite provides easy onboarding and managed
services, as well as simple integrations with open API and industry
leading security protections.
“With its Consumer Duty rule, The Financial Conduct Authority
(FCA) has signaled a major shift in expectations for financial
services firms as it continues to step up efforts to shield
everyday consumers,” said Chris Wooten, EVP Vertical Markets,
NICE. “NICE Actimize automates oversight and supervision of
suitability and sales practices to reduce the risk exposure faced
by financial services organizations and their senior managers while
reducing the risk of reputational harm and fines.”
NICE Actimize’s SURVEIL-X Suitability Surveillance wealth
management solution provides financial institutions behavioral
intelligence data which can be used to determine business
strategies and improve communications and relationships between
internal advisors and their clients. NICE Actimize continues to
highlight the 'know your employee' aspect of suitability, which
brings benefits across a financial services organization as the
behavioral data becomes easier to access and analyze for both
short-term and long-term benefits to advisors and management.
Additional benefits of the solution include automated alert
generation, reporting, and audit documentation which work to
eliminate manual look-ups and increase staff efficiency while
creating more consistent processes across the enterprise using
fewer resources. In addition, hierarchical organizational views
increase oversight and transparency, ensuring brokers advise
clients with suitable investment recommendations, enhancing client
satisfaction, and mitigating the risks of litigation, regulatory
penalties, and reputational damage.
To access more information on NICE Actimize’s Sales Practices
& Suitability solution, please click here.
About ClearView Financial Media Ltd (“ClearView”)
ClearView Financial Media was founded by Chief Executive,
Stephen Harris in 2004, to provide high quality ‘need to know’
information for the discerning private client community.
London-based, but with a truly global focus, ClearView publishes
the WealthBriefing group of newswires, along with research reports
and newsletters, while also running a pan-global thought-leadership
events and awards programme.
About NICE Actimize
NICE Actimize is the largest and broadest provider of financial
crime, risk and compliance solutions for regional and global
financial institutions, as well as government regulators.
Consistently ranked as number one in the space, NICE Actimize
experts apply innovative technology to protect institutions and
safeguard consumers and investors assets by identifying financial
crime, preventing fraud and providing regulatory compliance. The
company provides real-time, cross-channel fraud prevention,
anti-money laundering detection, and trading surveillance solutions
that address such concerns as payment fraud, cybercrime, sanctions
monitoring, market abuse, customer due diligence and insider
trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq:
NICE.
About NICE
With NICE (Nasdaq: NICE), it’s never been easier for
organizations of all sizes around the globe to create extraordinary
customer experiences while meeting key business metrics. Featuring
the world’s #1 cloud native customer experience platform, CXone,
NICE is a worldwide leader in AI-powered self-service and
agent-assisted CX software for the contact center – and beyond.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, partner with NICE to
transform - and elevate - every customer interaction.
www.nice.com
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks
of their respective owners. For a full list of NICE’s marks, please
see: www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements, including the statements by
Mr. Wooten, are based on the current beliefs, expectations and
assumptions of the management of NICE Ltd. (the “Company”). In some
cases, such forward-looking statements can be identified by terms
such as “believe,” “expect,” “seek,” “may,” “will,” “intend,”
“should,” “project,” “anticipate,” “plan,” “estimate,” or similar
words. Forward-looking statements are subject to a number of risks
and uncertainties that could cause the actual results or
performance of the Company to differ materially from those
described herein, including but not limited to the impact of
changes in economic and business conditions; competition;
successful execution of the Company’s growth strategy; success and
growth of the Company’s cloud Software-as-a-Service business;
changes in technology and market requirements; decline in demand
for the Company's products; inability to timely develop and
introduce new technologies, products and applications; difficulties
in making additional acquisitions or difficulties or delays in
absorbing and integrating acquired operations, products,
technologies and personnel; loss of market share; an inability to
maintain certain marketing and distribution arrangements; the
Company’s dependency on third-party cloud computing platform
providers, hosting facilities and service partners; cyber security
attacks or other security breaches against the Company; privacy
concerns; changes in currency exchange rates and interest rates,
the effects of additional tax liabilities resulting from our global
operations, the effect of unexpected events or geo-political
conditions, such as the impact of conflicts in the Middle East that
may disrupt our business and the global economy; the effect of
newly enacted or modified laws, regulation or standards on the
Company and our products and various other factors and
uncertainties discussed in our filings with the U.S. Securities and
Exchange Commission (the “SEC”). For a more detailed description of
the risk factors and uncertainties affecting the company, refer to
the Company's reports filed from time to time with the SEC,
including the Company’s Annual Report on Form 20-F. The
forward-looking statements contained in this press release are made
as of the date of this press release, and the Company undertakes no
obligation to update or revise them, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240520093134/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, media@nice.com, ET Investors Marty Cohen, +1 551 256
5354, ir@nice.com, ET Omri Arens, +972 3 763 0127, ir@nice.com,
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