Banco Espírito Santo is complying with the EU Market Abuse Directive
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) subsidiary Actimize Ltd. is deploying its Brokerage Compliance Market Abuse solution at Portugal's third largest bank, Banco Espirito Santo SA (Euronext; IBEX: BES). NICE did not disclose the size of the deal.
The Actimize solution identifies and reports suspicious transactions. Banco Espirito Santo has deployed the products, which is due to go live during the fourth quarter. The bank is complying with the EU Market Abuse Directive.
Actimize VP Europe Bruno Piers de Raveschoot said, “In the current economic climate, banks are encouraged to remain vigilant and work closely with the regulators to reinforce regulation and maintain market confidence."
NICE's share closed at $30.23 on Nasdaq yesterday. The share fell 1.2% on the TASE today to NIS 112.20.
Published by Globes [online], Israel business news - www.globes-online.com - on October 7, 2009
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