NICE Actimize Named Best Suitability Product by the WealthBriefing European Awards 2022

With its AI-powered financial crime and compliance solutions, NICE Actimize offers both surveillance and anti-money laundering solutions supporting the wealth management segment

NICE Actimize, a NICE business, was awarded the Best Suitability Product by WealthBriefing European Awards 2022 for its SURVEIL-X Suitability for Wealth and Insurance solution. Additionally, NICE Actimize also received the Highly Commended accolade for the Compliance category which also includes its industry-leading anti-money laundering capabilities. Sponsored by WealthBriefing, a publication of Clearview Financial Media and a leading global provider of business intelligence in the private banking and wealth management space, the awards program rewards achievement, top class performance, innovation, and a focus on the client experience.

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“Global momentum for suitability-focused regulatory frameworks has grown. NICE Actimize has addressed this compliance challenge by automating oversight and supervision of sales practices to reduce the risk exposure faced by financial services organizations”

NICE Actimize, which has successfully applied cloud, artificial intelligence, and advanced analytics to solving the Wealth Management market’s critical compliance and suitability needs, offers a full range of capabilities that include the industry’s broadest range of trade and communications surveillance solutions in support of wealth management firms, in addition to KYC/CDD, transaction monitoring and sanctions screening.

NICE Actimize’s award-winning SURVEIL-X Suitability for Wealth and Insurance is a comprehensive AI-powered surveillance and suitability solution that builds on the capabilities of NICE Actimize’s industry-leading SURVEIL-X Holistic Conduct Surveillance suite. Already adopted by leading global financial services organizations, SURVEIL-X combines communications surveillance, sales practices & suitability, and Regulation Best Interest (Reg BI) surveillance in a single, integrated cloud-native platform. Instrumental to its success, SURVEIL-X is a cloud native suite – providing easy onboarding and managed services, simple integrations with open API and industry-leading security protections.

A market leader in Anti-Money Laundering, NICE Actimize continues to make significant investments across its integrated AML suite, with a focus on further incorporating artificial intelligence into all coverage areas so customers achieve the true benefits of machine learning and intelligent automation which include better detection, more efficient operations, and reduced cost of compliance.

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ClearView Financial Media’s CEO, and Publisher of WealthBriefing, Stephen Harris, said, “These awards were independently and expertly judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which were answered by focusing on the client experience rather than purely quantitative performance metrics. These awards recognize the very best operators in European wealth management, with ‘independence,’ ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in European wealth management.”

“Global momentum for suitability-focused regulatory frameworks has grown. NICE Actimize has addressed this compliance challenge by automating oversight and supervision of sales practices to reduce the risk exposure faced by financial services organizations,” said Chris Wooten, EVP, NICE. “Our financial markets compliance solutions reduce resource drain, while insulating firms from regulatory breaches, fines and reputational damage.”

The SURVEIL-X Suitability capabilities include complete data coverage, advanced detection scenarios, predictive analytics, self-development & tuning, intelligent investigations, dashboards & visualization, and automated insights

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