NICE Actimize Chosen by LGT to Address Global Regulatory Needs and Drive a Unified Financial Crime Strategy

NICE Actimize brings together its advanced technology and domain expertise to support LGT’s immediate regulatory requirements and new and emerging scenarios

NICE Actimize, a NICE business, announced that LGT, the world’s largest family-owned private banking and asset management group, has chosen NICE Actimize’s advanced Markets Surveillance and Anti-Money Laundering solutions along with other of its targeted compliance offerings to deliver upon its financial crime strategy across its global holdings. Based in Liechtenstein, LGT Group has more than 20 offices throughout Europe, the Middle East, Asia Pacific, Australia, and North America.

“Today, financial institutions face a multi-faceted dilemma as they balance business outcomes with expectations for a seamless customer experience against the pressure to build better protections against financial crime”

Enhancing LGT’s strategic direction for its financial crime strategy, NICE Actimize financial crime solutions will provide wealth management, retail and commercial sector coverage when offered.

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“It was important for LGT to select a trusted solutions provider with which to partner and enhance our approach to managing financial crime,” said Erik Zortea, Head of Group Financial Crime Compliance, LGT. “Achieving successful business outcomes for our growing global operation requires out-of-the-box coverage to meet our immediate regulatory requirements, increase efficiency as well as improve analytical capabilities in order to stay on top of new and emerging scenarios. NICE Actimize meets these requirements for a holistic approach to our global business challenges.”

“Today, financial institutions face a multi-faceted dilemma as they balance business outcomes with expectations for a seamless customer experience against the pressure to build better protections against financial crime,” said Craig Costigan, CEO, NICE Actimize. “NICE Actimize solutions fully support an integrated, data-driven, and analytical approach, which addresses these challenges while setting a path forward for LGT to achieve strong business outcomes and future growth.”

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Anti-Money Laundering and Surveillance Solutions

The organization has selected two core NICE Actimize solutions categories. First, LGT will implement advanced offerings in anti-money laundering, including Suspicious Activity Monitoring (SAM), CDD/KYC, and Watch List Filtering. The NICE Actimize consolidated Anti-Money Laundering (AML) suite protects an organization with a single integrated view of customer risk for true customer lifecycle risk management.

LGT will also leverage NICE Actimize’s SURVEIL-X Markets Surveillance solution and its SURVEIL-X Studio analytics self-development tool. SURVEIL-X Markets Surveillance addresses regulatory obligations across multiple asset classes, including fixed income, foreign exchange, swaps, futures, and options, and avoids costly fines. In addition, SURVEIL-X Studio creates, rapidly tests, and deploys custom analytic risk detection models.

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