LGT Selected NICE Actimize for AML Solution

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NICE Actimize, a subsidiary of NICE Business, has declared its innovative Markets Surveillance and Anti-Money Laundering solutions, along with its additional compliance offerings, have been chosen by LGT, a leading family-owned private banking asset management group.

Once available, NICE Actimize financial crime solutions will give wealth management, retail, and commercial sector coverage, strengthening LGT’s future vision for its financial crime strategy.

Erik Zortea, Head of Group Financial Crime Compliance, LGT, stated, “It was important for LGT to select a trusted solutions provider with which to partner and enhance our approach to managing financial crime. 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.

LGT will employ enhanced Anti-Money Laundering (AML), Suspicious Activity Monitoring (SAM), KYC/CDD, and Watch List Filtering, and take advantage of the SURVEIL-X Market Surveillance solution, which focuses on regulatory obligations among various asset classes involving foreign exchange, fixed income, futures, and swaps. SURVEIL-X Studio is an analytics self-development tool that develops, analyzes, and utilizes custom analytics risk, and detection models.

Craig Costigan, CEO, NICE Actimize, commented, “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. 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.

Read: AML Technology and Its Capabilities

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