Use AI-Driven Managed Analytics Service to Power Your Compliance Investigations and Surveillance Detection

I am sure you agree that in the world of financial services, change can be fast-paced and regulatory requirements, communication and transaction patterns, and even asset classes evolve over time. To address this dynamic environment we have expanded our "ActimizeWatch Services", our secure cloud-based managed analytics service, to the Financial Markets Compliance (FMC) solutions to help you improve agility, detection accuracy, efficiency, and overall compliance program effectiveness.

Leveraging X-Sight, the cloud-based Financial Crime Risk Management Platform-as-a-Service, ActimizeWatch Compliance offers compliance teams scalable analytics automation and a two-prong approach that includes Model Optimization and Development Services and Anomaly Detection. This approach helps you to continuously fine-tune your detection capabilities and uncover unknown risks in an ever-changing landscape of threats. Both services offer the ability to anonymously pool and leverage lessons learned across the collective intelligence of NICE Actimize customers, so you can see larger threats at play in the marketplace and take steps to proactively avoid them.

Model Optimization Services

The ActimizeWatch Model Optimization Services and Anomaly Detection functions are both offered as overlays to NICE Actimize’s market-leading Communications Surveillance, Markets Surveillance, and Sales Practices & Suitability solutions, so you can better identify interconnected risks across all surveillance modalities.

NICE Actimize’s ActimizeWatch for Compliance places the responsibility of analytics optimization in the hands of Actimize experts, providing a hands-off experience for you. This assures you to have access to the most up-to-date and accurate detection models, without the added work. Model optimizations that previously took months or years to develop in-house can now be implemented in days or weeks. Optimized models enable you to improve detection of market abuse and significantly reduce false positives, saving analysts time.

NICE Actimize’s Model Optimization Services offer unparalleled expertise to complement your in-house resources. Consisting of data scientists, linguistics experts, and compliance subject matter experts, the team has decades of experience in regulatory compliance, cloud computing, speech analytics, machine learning, and predictive and language modeling.

Anomaly Detection

Today’s prescriptive models can be effective for detecting known risks, but in financial services risk is a moving target. ActimizeWatch for Compliance’s Anomaly Detection takes machine learning to the next level, enabling suspicious behaviors to bubble to the surface, so you always stay a step ahead of risk. It does this by using unsupervised machine learning models to detect anomalies in monitored employee transactions and communications. These anomalies are then presented in dashboards to compliance analysts for further investigation. Confirmed risks are fed back into the detection models for further refinement, enhancement and retraining.

Analytics-As-a-Service

We all know that in financial services, change can be unrelenting. When surveillance detection models don’t keep pace with change, your risk increases of falling out of compliance and unnecessarily driving up compliance costs. But now you can leverage NICE Actimize’s expertise coupled with advances in technology to automate your compliance program and enhance your surveillance detection capabilities. ActimizeWatch Compliance can help you to get out in front of these changing conditions and uncover hidden compliance risks without taxing resources.