Olivetree Financial taps NICE Actimize to monitor market abuse across FX, equities, options

NICE Actimize has been selected by Olivetree Financial, a UK-based high-touch multi-asset broker, to enhance its financial crime strategy, to monitor market abuse, and keep pace with regulatory change.

Olivetree, a subsidiary of Alvar Financial Services Ltd., has deployed NICE Actimize’s SURVEIL-X Markets Surveillance solution which can monitor more than 15 market abuse typologies and integrates case management capabilities, including alert management, ad hoc investigation, and audit trail functionality.

Addressing regulatory obligations across multiple asset classes

Sam Ruiz, CEO of Olivetree Financial, said: “NICE Actimize offers an integrated surveillance solution that will help support our business as it expands and provides different product offerings. We believe that it offers excellent value and a significant enhancement to our existing capabilities which will enable us to refine our detection capabilities even further. With a strong track record of first-class delivery and support, NICE Actimize should be a great partner for the growing Olivetree Financial’s business.”

Chris Wooten, EVP, NICE, commented: “NICE Actimize offers a holistic approach to markets surveillance challenges. Our cloud-based approach, with advanced analytics and out-of-the-box coverage, increases efficiency while enhancing market integrity and transparency. NICE Actimize’s Markets Surveillance solution helps customers more effectively meet regulatory requirements, while demonstrating predictive, preventative compliance capabilities to regulators and investors.”

Olivetree Financial will leverage the solution to address regulatory obligations across multiple asset classes, including equities, fixed income, foreign exchange, futures, and options, to avoid costly fines, meet regulatory obligations and preserve their reputation.

Olivetree is a trading name of Argon Financial Limited and is authorized and regulated by the Gibraltar Financial Services Commission and is subject to limited regulation with the Financial Conduct Authority in the United Kingdom.

NICE Actimize launched X-Sight Entity Risk

Earlier this year, NICE Actimize launched an SaaS solution that produces a single risk score that enables a financial institution to gain a greater understanding of their clients across the organization.

The new product, X-Sight Entity Risk, is powered by artificial intelligence, machine learning, entity resolution, and network analytics with the aim of enhancing the efficacy of advanced anti-money laundering, enterprise fraud prevention, and other financial services applications.

The single profile and trust score provides a fully transparent view of entities and enables better risk management and frictionless customer experiences.

X-Sight Entity Risk sources data from multiple venues to ensure an entity profile is always accurate and analyzes entity networks and behaviors. The single entity trust score informs detection and prevention systems to power their analytics.

Firms are empowered to shift from reactive to proactive risk management by gaining access to a fully transparent view of entities across the entire organization thanks to a blend of AI, machine learning, and automation.