Actimize, a NICE Company, Announces that Credit Agricole Titres is Implementing its Brokerage Compliance Market Abuse Solution
NEW YORK – Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (NASDAQ:NICE) company , today announced that Credit Agricole Group is implementing Actimize solutions to enable compliance with the Market Abuse Directive, especially with regard to identifying and pursuing insider dealings . The Credit Agricole Group will be implementing the Actimize solution at Credit Agricole (CA) Titres, whose main business is acting as a custodian for the entire retail banking operation of the group.
Actimize will enable CA Titres to offer an enterprise-wide compliance solution across its entire retail banking operation in France, consisting of 39 groups that include retail banking, private banking and fund management networks. With a large percent of the French custodian market for retail, private and fund management in its home market, CA Titres acts to reinforce its market position by continually developing and launching new financial products. By implementing the Actimize Brokerage Compliance Market Abuse solution , CA Titres is taking an even more proactive approach to mitigating the risks of market manipulation.
The Actimize Brokerage Compliance Market Abuse solution monitors and detects suspicious transactions using sophisticated analytical models, and automatically distributes targeted alerts within an intuitive case management system directly to the relevant retail banking branch and users within the group. The system uses several analytical methods to assign a priority score to alerts, thus improving the efficiency of trading managers and compliance staff. CA Titres required a holistic approach to market monitoring, which Actimize was able to provide within a user-friendly system. The solution was selected for its advanced analytical capabilities, its strong set of rules allowing targeted alerts, and finally its large international customer base.
“Credit Agricole Group joins our strong European client base that are standardizing on Actimize solutions for enterprise-wide compliance management and fighting financial crime,” said Bruno Piers de Raveschoot, Vice President of Actimize Europe . “We understand the needs of large financial institutions around the globe and we’re committed to providing the most innovative solutions and best customer service. We are extremely pleased to expand our relationship with Credit Agricole, now meeting the needs of CA Titres, Credit Agricole Asset Management and others.”
About Credit Agricole Titres
Founded in 2003, Cr?dit Agricole Titres has 570 employees and provides securities and accounts management of Credit Agricole’s Caisses Regionales, LCL, Credit Agricole Group subsidiaries and twenty other organisations included several of the largest private banks. Credit Agricole Titres provides two other services: administrative management of savings products and back-office services for savings - long-term employee savings.
The IT infrastructure of the securities custody services relies on ESP (Euro Securities Partners), equally owned by Credit Agricole and PNB Paribas. For additional information, please go to www.ca-titres.fr .
Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Actimize technology processes billions of transactions a day for many of the world’s top banks and brokerages. Actimize has offices in New York, Israel, London and Tokyo. For more information, go to www.actimize.com.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions solutions and value-added services, powered by the convergence of advanced analytics of unstructured multimedia content and transactional data – from telephony, web, email, radio, video, and other data sources. NICE’s solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 135 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com.
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