NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) subsidiary Actimize Ltd. has signed a multimillion dollar contract with a Swiss-based multinational bank to provide a packaged equities trading compliance surveillance solution. Actimize develops transactional risk management software.
The bank already uses the Actimize solution for monitoring suspicious money movements and compliance with regional anti-money laundering regulations. NICE notes that all its solutions, including anti-money laundering, trading compliance, and fraud prevention use a common platform, allowing firms to achieve a holistic view of enterprise risk.
Actimize EVP and CMO Amir Orad said, "Today's economic environment is contributing to two important trends in the compliance arena - continued investments in enterprise surveillance programs and streamlining operations and oversight functions, all while looking to reduce costs. Firms around the globe are looking to simplify infrastructure and reduce the number of technologies and vendors with whom they deal."
NICE's share closed at $24.91 on Nasdaq yesterday. The share fell 0.4% by mid-afternoon on the TASE today to NIS 106.60.
Published by Globes [online], Israel business news - www.globes-online.com - on April 30, 2009
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