NICE Actimize, a NICE (Nasdaq: NICE) business and the provider of autonomous financial crime management, has introduced Reg BI Surveillance, a comprehensive solution designed to help broker-dealers manage their Reg BI compliance obligations, the company said.
A multi-faceted regulation, Reg BI imposes a number of obligations on broker-dealers, including requirements to: provide timely disclosures to retail clients; exercise diligence (care) in making investment recommendations in line with each client´s best interest; and to maintain and enforce compliance procedures. NICE Actimize´s Reg BI Surveillance helps firms address each of these key obligations through a single solution.
Unique to the market and offered as an on-premise or cloud-based solution, Reg BI Surveillance leverages NICE Actimize´s market-leading sales practices and suitability, communications surveillance and case management capabilities to help firms address their disclosure, care and compliance obligations under Reg BI through a single solution.
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance.
NICE is the world´s provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data.