Sell-Side Technology Awards 2022: Best sell-side market surveillance product—Nice Actimize

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OVERVIEW

Nice Actimize’s Surveil-X Holistic Conduct Surveillance platform provides surveillance coverage with both AI-powered and traditional expert rule-based analytics, and advanced visualization tools, all on a cloud-native platform that enables more accurate and efficient risk detection.

The Surveil-X platform is designed to: 

  • Ensure global regulatory coverage for all asset classes and exchange-traded, OTC and crypto currencies
  • Enable intent-based detection of market abuse, including cross-market and cross-product analytics
  • Provide efficient investigations with intuitive alerts and explainable results, and market visualization enabling quick decisions of potential risks
  • Deliver customizable detection models with a self-development analytics toolkit
“We purchased the Surveil-X solution in early 2021, after a brief and successful proof-of-value. A key reason for the selection of Surveil-X was the self-service analytics capabilities the solution offered. Throughout the entire process, the Nice Actimize team took our feedback, and has already introduced new features that enabled us to develop models we plan for coverage and also to improve the user experience. We are now ramping up our model development for use across Ireland, England, China, and the US, and the speed and ease at which our team has been able to develop the models gives us such confidence for the future.”
Nice Actimize client 

THE SOLUTION

Nice Actimize Surveil-X Holistic Conduct Surveillance is designed to support unified compliance, supervision and investigation workflows, and behavioral and trade surveillance analytics. Users can supervise, search and review all transactions and communications, creating efficiency while providing comprehensive risk controls.

Surveil-X incorporates ActOne, the case management platform, enabling compliance analysts to review transactional alerts and find related risk surrounding the alerts. An annual subscription fee includes market data feeds from more than 180 exchanges and access to ActOne at no additional cost. Surveil-X can be deployed in a matter of weeks, meeting business and regulatory deadlines. It’s a fully supported and secure solution that can be deployed at locations with limited IT support. 

WHAT’S TO COME

Nice Actimize’s top three product initiatives for the next 12 to 18 months are: 

  • Development of a rule authoring tool, tuning, and simulations
  • Increasing the number of regulated employee communication modalities able to be captured 
  • Expanding the conduct solution set. Anti-money laundering for capital markets will also be introduced.

WHY THEY WON

Nice Actimize wins what has become one of the most competitive categories of all 30 on offer in the annual Sell-Side Technology Awards, thanks to its Surveil-X Holistic Conduct Surveillance platform. The offering allows user firms to supervise, search and review employee transactions and communications from across the enterprise through AI-driven and traditional rule-based analytics in order to comply with global regulations across all asset classes and minimize operational and reputational risk. 

“Our surveillance and monitoring solutions address the challenges of hybrid environments. As we innovate with AI, machine learning and cloud delivery, we optimize operations and lower costs while meeting the demands of the changing regulatory landscape. The solution detects risky behavior stemming from communications and trading in all major asset classes. Surveil-X supports market abuse detection, trade surveillance capabilities, and communication surveillance capabilities through more than 150 analytical models and 180 real-time data sources. Our integrations in both trade and communications surveillance are key differentiators.” 
Lee Garf, general manager, financial markets compliance, Nice Actimize

 

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