Nice Actimize Launches Benchmark Monitoring Product

The solution will use similar technology to that in the vendor's Proactive Compliance suite, allowing for the searching of communications records and comparisons of historical data to determine anomalous, or potentially fraudulent, rate submissions.

"One of the challenges has been how you monitor, or stop, what happened [with the Libor scandal]," says Cromwell Fraser, director of strategy and business development for the trading floor unit at Nice. "That's what we've been trying to address, the

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