NICE Actimize Partners with Refinitiv to Expand Distribution of its SURVEIL-X Holistic Surveillance Suite Across Asia-Pacific
Partnership will extend the market for NICE Actimize’s cloud-native, holistic surveillance solution, enabling more accurate risk detection and driving down total cost of ownership
Hoboken, N.J., April 28, 2021 –NICE Actimize, a NICE (Nasdaq: NICE) business, and Refinitiv, part of LSEG and a leading global financial markets infrastructure and data provider, today announced a strategic partnership which will enable it to resell NICE Actimize’s industry-leading SURVEIL-X Holistic Surveillance Suite through both a cloud or on-premises environment to its growing customer base throughout the Asia-Pacific region.
With unparalleled expertise in Asia-Pacific and strong established relationships with Central Banks, Refinitiv will boost the presence of NICE Actimize’s SURVEIL-X Holistic Surveillance Suite to new market sectors. SURVEIL-X offers unparalleled risk coverage for buy and sell-side firms, insurance companies, crypto exchanges, regulators and more, by enabling accurate detection and rapid, thorough investigation of market abuse, inappropriate communications, unsuitable sales practices, conduct risk and otherwise undetectable compliance risks to insulate firms from fines and reputational damage.
The market in Asia-Pacific for financial market surveillance solutions is expected to grow at a healthy 11.5% through 2026, according to Data Bridge Market Research.
“Refinitiv is focused on supporting our Central Bank and financial services customers as they expand their digital journey and adopt innovation throughout their operations,” said Alfred Lee, Managing Director, Data & Analytics, Asia Pacific at LSEG. “We look forward to aligning our considerable expertise, deep relationships across Asia-Pacific with NICE Actimize’s trade surveillance suite. Our joint effort is particularly suited to help Asia-Pacific based financial institutions as they work to streamline their journey to automation and increased productivity.”
“With Refinitiv’s leading data and insights and unrivaled access to global capital markets, we believe that this partnership will rapidly expand the network for NICE Actimize’s financial markets compliance and cloud solutions,” said Chris Wooten, EVP, NICE. “We stand at a critical time to ensure transparency in the trading process, when many are working from home, with this partnership opening up great potential to provide enhanced customer support and services. We look forward to serving new customers and market segments across Asia-Pacific.”
NICE Actimize’s SURVEIL-X revolutionizes surveillance by providing complete surveillance coverage with both AI-powered and traditional expert rule-based analytics, and advanced visualization tools, all on a cloud-native platform that enables more accurate and efficient risk detection and drives down total cost of ownership.