Brown Brothers Harriman & Co. has adopted tools from NICE Actimize to monitor its back-office compliance operations. Namely, the investment bank and wealth managers compliance operations will expand the NICEs expanded licensing of its Trade Surveillance portfolio. This also includes the Actimize Trading Compliance Solution – Control Room and Actimize Enterprise Risk Case Manager solutions.
The license will also include the Actimize self-development tool which tailors the Actimize Enterprise Trade Surveillance to BBHs specific needs, as well as Actimizes Enterprise Risk Case Manager. This enhances operational efficiencies by automating and streamlining processes and facilitates a unified view of risk across multiple lines of business, channels, products and customers, according to a press statement.
NICE Actimizes compliance solutions continue to support our business to help us meet the ever-changing regulatory environment, said Mark Margiotta, vice president trade surveillance at BBH. There are benefits in continuing with a unified suite of products, coupled with the adoption of a single case management system, that will enable us to continue to manage our monitoring solutions.
As we continue to support our relationships with leading financial institutions with an innovative product roadmap, it has become increasingly important that company strategies adopt a holistic view across the institution to better manage risk, said Joe Friscia, president of NICE Actimize.
He added, And for companies with complex needs, our Enterprise Risk Case Manager removes information barriers and unites departments so they achieve full visibility and truly safeguard the institution and its clients.
