NICE, IBM to enable banks to adopt cloud-first strategy

NICE (Nasdaq: NICE) has announced that it has partnered with IBM and completed a certified integration of its NICE Trading Recording (NTR) solution with IBM´s Cloud Object Storage, the company said.

Financial services organizations worldwide are under mounting pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct to store and retain large volumes of communications, as regulations mandate recording of greater numbers of regulated users, asset classes, channels and devices.

The integration of the two technologies means financial institutions can now leverage best-of-breed compliance recording and compatible cloud storage to securely and cost effectively retain, and easily access, growing volumes of financial communications required for regulatory compliance.

NTR is the industry´s only ´all-in-one´ compliance-focused trade conversation recording platform used by most of the world´s banks and investment firms for recording and retaining trade conversation from turrets, desk phones, mobile phones, and Unified Communications platforms, including Microsoft Skype for Business and Cisco® Jabber®.

IBM Cloud Object Storage enables firms to scale large unstructured data volumes across on-premises systems as well as public and private clouds quickly and easily, dramatically increasing IT system flexibility and security.