NICE Partners Refinitiv to Offer Surveillance Suite Across Asia Pacificby Fintech News Singapore April 30, 2021
NICE Actimize and Refinitiv, a global provider of financial market data and infrastructure, has partnered to offer the former’s SURVEIL-X Holistic Surveillance Suite through both a cloud or on-premises environment in the APAC region.
Refinitiv said that it will boost the presence of NICE Actimize’s SURVEIL-X Holistic Surveillance Suite to new market sectors with expertise in Asia-Pacific and strong established relationships with central banks.
SURVEIL-X offers risk coverage for buy and sell-side firms, insurance companies, crypto exchanges, regulators and more, by enabling accurate detection and rapid, thorough investigation of market abuse, inappropriate communications, unsuitable sales practices, conduct risk and otherwise undetectable compliance risks to insulate firms from fines and reputational damage.
NICE Actimize’s SURVEIL-X provides complete surveillance coverage with both AI-powered and traditional expert rule-based analytics, and advanced visualisation tools, all on a cloud-native platform that enables more accurate and efficient risk detection and drives down total cost of ownership.
The market in Asia Pacific for financial market surveillance solutions is expected to grow at a healthy 11.5% through 2026, according to Data Bridge Market Research.
“Refinitiv is focused on supporting our Central Bank and financial services customers as they expand their digital journey and adopt innovation throughout their operations.
We look forward to aligning our considerable expertise, deep relationships across Asia-Pacific with NICE Actimize’s trade surveillance suite. Our joint effort is particularly suited to help Asia-Pacific based financial institutions as they work to streamline their journey to automation and increased productivity.”
said Alfred Lee, Managing Director, Data & Analytics, Asia Pacific at LSEG.
“With Refinitiv’s leading data and insights and unrivaled access to global capital markets, we believe that this partnership will rapidly expand the network for NICE Actimize’s financial markets compliance and cloud solutions.
We stand at a critical time to ensure transparency in the trading process, when many are working from home, with this partnership opening up great potential to provide enhanced customer support and services. We look forward to serving new customers and market segments across Asia-Pacific.”
said Chris Wooten, EVP, NICE.