Offering a wide range of solutions protecting digital financial services, NICE Actimize, a NICE business and the leader in Autonomous Financial Crime Management, was selected by eToro, the global, multi-asset investment platform, to implement the SURVEIL-X Markets Surveillance solution. Focused on providing access to global financial markets, eToro currently has a collaborative community of more than 13 million registered users located in more than 100 countries.
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NICE Actimize SURVEIL-X Selected by Global Investment Platform eToro to Guard Against Market Manipulation and Ensure Compliance.
Leveraging NICE Actimize’s SURVEIL-X Markets Surveillance solution, an integral part of its SURVEIL-X Holistic Surveillance suite, eToro will augment its critical compliance infrastructure to guard against market manipulation and ensure compliance across its trading products, targeting support for equities, commodities, ETFs, CFDs and more. eToro will also utilize NICE Actimize’s industry-leading case management capabilities providing robust evidence of a strong and repeatable compliance process.
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The NICE Actimize SURVEIL-X Markets Surveillance application enables securities trading firms like eToro to quickly and cost effectively detect sophisticated forms of market manipulation including pump and dump, layering and insider trading. Also important, SURVEIL-X Markets’ configurable rules engines reduce false positives and costs by enabling firms to tailor alert thresholds to their customers’ trading activity.
Offering premium surveillance capabilities without the expense of on-premise solutions, the SURVEIL-X Holistic Surveillance cloud-native suite offers faster deployment; reduced infrastructure; operational, training and maintenance costs; hassle-free upgrades; seamless scalability; improved resiliency and security.
