Olivetree Financial taps NICE Actimize to monitor market abuse across FX, equities, options

Rick Steves

Olivetree Financial will leverage the solution to address regulatory obligations across multiple asset classes, including equities, fixed income, foreign exchange, futures, and options, to avoid costly fines, meet regulatory obligations and preserve their reputation.

NICE Actimize has been selected by Olivetree Financial, a UK-based high-touch multi-asset broker, to enhance its financial crime strategy, to monitor market abuse, and keep pace with regulatory change.

Olivetree, a subsidiary of Alvar Financial Services Ltd., has deployed NICE Actimize’s SURVEIL-X Markets Surveillance solution which can monitor more than 15 market abuse typologies and integrates case management capabilities, including alert management, ad hoc investigation, and audit trail functionality.

Addressing regulatory obligations across multiple asset classes

Sam Ruiz, CEO of Olivetree Financial, said: “NICE Actimize offers an integrated surveillance solution that will help support our business as it expands and provides different product offerings. We believe that it offers excellent value and a significant enhancement to our existing capabilities which will enable us to refine our detection capabilities even further. With a strong track record of first-class delivery and support, NICE Actimize should be a great partner for the growing Olivetree Financial’s business.”

Chris Wooten, EVP, NICE, commented: “NICE Actimize offers a holistic approach to markets surveillance challenges. Our cloud-based approach, with advanced analytics and out-of-the-box coverage, increases efficiency while enhancing market integrity and transparency. NICE Actimize’s Markets Surveillance solution helps customers more effectively meet regulatory requirements, while demonstrating predictive, preventative compliance capabilities to regulators and investors.”

Olivetree Financial will leverage the solution to address regulatory obligations across multiple asset classes, including equities, fixed income, foreign exchange, futures, and options, to avoid costly fines, meet regulatory obligations and preserve their reputation.

Olivetree is a trading name of Argon Financial Limited and is authorized and regulated by the Gibraltar Financial Services Commission and is subject to limited regulation with the Financial Conduct Authority in the United Kingdom.

NICE Actimize launched X-Sight Entity Risk

Earlier this year, NICE Actimize launched an SaaS solution that produces a single risk score that enables a financial institution to gain a greater understanding of their clients across the organization.

The new product, X-Sight Entity Risk, is powered by artificial intelligence, machine learning, entity resolution, and network analytics with the aim of enhancing the efficacy of advanced anti-money laundering, enterprise fraud prevention, and other financial services applications.

The single profile and trust score provides a fully transparent view of entities and enables better risk management and frictionless customer experiences.

X-Sight Entity Risk sources data from multiple venues to ensure an entity profile is always accurate and analyzes entity networks and behaviors. The single entity trust score informs detection and prevention systems to power their analytics.

Firms are empowered to shift from reactive to proactive risk management by gaining access to a fully transparent view of entities across the entire organization thanks to a blend of AI, machine learning, and automation.

Read this next

Digital Assets

Revolut receives FCA’s go-ahead to launch crypto trading

British fintech and banking firm Revolut has received a regulatory go-ahead to launch its cryptocurrency services in the UK.

Digital Assets

GBTC share is trading at 36% below bitcoin spot price

Grayscale Bitcoin Trust share has widened its discount relative to the underlying cryptocurrency held in the fund, the highest margin ever since its debut in 2013. Digital Currency Group’s flagship GBTC shares traded at a discount of 35.8% to net asset value (NAV) today.

Digital Assets

Crypto lender Nexo investigated by 8 US state regulators

State securities regulators in New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont are investigating crypto lender Nexo for allegedly failing to register its Earn Interest Product.

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.

<