LGT, a huge family-owned private bank and asset management group, chose NICE Actimize‘s innovative Markets Surveillance and Anti-Money Laundering (AML) solutions to help address its financial crime strategy across all of its global holdings. LGT’s strategic direction for its financial crime strategy will be enhanced by NICE Actimize financial crime solutions, when available.

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

The organization has chosen two NICE Actimize solution categories as its core. As a first step, LGT will implement a comprehensive anti-money laundering solution, which will include Suspicious Activity Monitoring (SAM), CDD/KYC, and Watch List Filtering. AML suite from NICE Actimize gives an organization a single, integrated view of customer risk for complete risk management throughout the customer lifecycle.

“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,” said Craig Costigan, CEO, NICE Actimize. “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.”

Also, LGT will use NICE Actimize’s NICE-X Markets Surveillance solution and its SURVEIL-X Studio analytics self-development tool, SURVEIL-X Studio. Using the Markets Surveillance of Surveil-X, organizations are better equipped to comply with regulations across a wide range of asset classes, including fixed income, foreign exchange, swaps, futures, and options, while avoiding costly fines. The SURVEIL-X Studio also customizes analytic risk detection models, tests them rapidly, and deploys them.