(Advanced technologies such as behavioral analytics, machine learning, artificial intelligence (AI), natural language processing and cutting-edge behavioral analytics are going to be game-changers in the ever-expanding challenge to detect and uproot financial crime, says Lee Garf, general manager, financial markets compliance for NICE Actimize. He took time out of his very busy day to answer… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
NICE Actimize Launches AI-based Financial Crime Fighting Platform
NICE Actimize is launching the ACTone Investigation Manager, an artificial intelligence-based, financial crime-fighting system that aims to be a single, consolidated platform serving financial services organizations (FSOs), officials say. Vendor officials add that the new offering will help financial services firms to “deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and… Read More >>
Q&A: How AML Services Got to the Cloud
It’s significant that cloud computing/software as a service (Saas) technology is now supporting the anti-money laundering (AML) wares of NICE Actimize. The industry has a new trust in cloud-based offerings, and that extends to AML, says Cenk Ipeker, head of the Actimize cloud unit at NICE. Ipeker oversees the offering of traditional products via the… Read More >>
NICE Actimize System Offers Cross-Asset Surveillance
Risk and compliance vendor NICE Actimize has launched a “compliance-as-a-service” cloud-based offering that promises to provide surveillance capabilities across multiple asset classes. The new Actimize Cross-Asset Cloud Markets Surveillance solution will also offer case management capabilities to help financial services firms formulate their enterprise-wide scans for risk, vendor officials say. “Cross asset is extremely important… Read More >>
NICE Systems Hires a CFO
Voice-trading compliance vendor NICE Systems has hired Sarit Sagiv as its chief financial officer (CFO), officials say. Sagiv joins from Retalix Ltd., a provider of software and services to retailers, where she served as the CFO. Sagiv will transition into her new role over the next few weeks, and brings with her an extensive background… Read More >>
Would You Give Up Your U.S. Citizenship to Fight FATCA?
Is there a growing number of Americans living overseas that want to give up their U.S. citizenship because of the rigors of the Foreign Account Tax Compliance Act (FATCA)? A financial advisory firm, the deVere Group, a vocal opponent of FATCA, says the number of American expats that want to end their citizenship is increasing… Read More >>
Q&A: Are You Ready for FATCA, Phase 2?
(Editor’s note: Firms are moving into the second major phase of meeting the requirements of the Foreign Account Tax Compliance Act (FATCA). FTF News spoke to Micah Willbrand, the London-based director, global AML product marketing at NICE Actimize, about the changes firms are making as a result of FATCA compliance. For now, firms have some… Read More >>
Blurred Lines: OTC Reforms for Voice Trading
(Editor’s note: This is the online version of the story appearing in the Fall 2014 edition of FTF News magazine, which will be available on the website later this month. The print edition of the magazine debuted at the SIBOS 2014 conference and exhibition in Boston last week. The event, put on by financial messaging… Read More >>
Culture of Compliance for AML Lacking
Less than half of all respondents in a recent poll of compliance professionals at financial institutions say their firms are doing a solid job of complying with anti-money laundering (AML) regulations and laws, and most survey participants don’t expect that state of affairs to change in the near future. The results come at a time… Read More >>
