Behavioural analytics takes another step forward

Nice Actimize, the US-headquartered provider of financial crime, risk and compliance software, has introduced a new product –  Holistic Behavioral Analytics – that is intended to step up the ability of financial institutions to uncover threats related to conduct.

The new solution is intended to identify risks fond in areas of business that are typically siloed from other parts. It does this by looking at volumes of trades, communication and other data, related to those in trader, account, broker, desk or counterparty roles.

Nice said that regulators such as the Financial Industry Regulatory Authority (Finra), the Financial Conduct Authority (FCA) and the Securities Futures Commission of Hong Kong (SFC) typically require regulated firms to ensure compliance is in place to deal with conduct risk.

Joe Friscia, president, NICE Actimize, said: “The integration of advanced behavioral analytics into traditional analytics reduces the cost of compliance and saves analysts time by eliminating the all too often alerts traffic jams.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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