NICE Actimize partners with Refinitiv to launch SURVEIL-X in Asia-Pacific

By Sunniva Kolostyak

NICE Actimize, the provider of financial crime, risk and compliance tools, has partnered with financial markets infrastructure data provider Refinitiv to distribute its SURVEIL-X Holistic Surveillance Suite throughout the Asia-Pacific region.

Through the strategic partnership, Refinitiv, which is part of the London Stock Exchange Group, will resell NICE Actimize’s solution through either cloud or on-premises environments.

The surveillance tool offers unparalleled risk coverage for buy and sell-side firms, insurance companies, crypto exchanges, regulators and more, by enabling accurate detection and rapid, thorough investigation of market abuse, inappropriate communications, unsuitable sales practices, conduct risk and otherwise undetectable compliance risks to insulate firms from fines and reputational damage.

Moreover, SURVEIL-X provides complete surveillance coverage with both AI-powered and traditional expert rule-based analytics, and advanced visualisation tools, all on a cloud-native platform that enables more accurate and efficient risk detection and drives down total cost of ownership.

The market in Asia-Pacific for financial market surveillance solutions is expected to grow at a healthy 11.5 per cent through 2026, according to Data Bridge Market Research – and with long-standing relationships with central banks and expertise in the region, Refinitiv will be able to boost the presence of SURVEIL-X across the region.

“With Refinitiv’s leading data and insights and unrivalled access to global capital markets, we believe that this partnership will rapidly expand the network for NICE Actimize’s financial markets compliance and cloud solutions,” Chris Wooten, EVP at NICE, commented.

“We stand at a critical time to ensure transparency in the trading process, when many are working from home, with this partnership opening up great potential to provide enhanced customer support and services. We look forward to serving new customers and market segments across Asia-Pacific.”

Also commenting, Alfred Lee, Managing Director, Data & Analytics, Asia Pacific at LSEG, added: “Refinitiv is focused on supporting our Central Bank and financial services customers as they expand their digital journey and adopt innovation throughout their operations.”

“We look forward to aligning our considerable expertise, deep relationships across Asia-Pacific with NICE Actimize’s trade surveillance suite. Our joint effort is particularly suited to help Asia-Pacific based financial institutions as they work to streamline their journey to automation and increased productivity.”