NICE Actimize, a NICE Systems business and a provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its new Actimize Notifications & Attestations compliance and policy management solution. The solution allows compliance professionals to monitor regulatory compliance, to gain better oversight of compliance teams, and to enhance the quality and resolution time of investigations.
NICE Actimize's Notifications & Attestations Solution manages a critical communications problem that compliance officers often face with regulators. Driven by a perceived lack of oversight within compliance teams, regulators around the world are focused on ensuring that compliance professionals are up-to-date on every regulation, internal policy and procedure. Many organizations are unprepared for this close scrutiny and lack a transparent and automated approach for notifying teams beyond keeping email, spreadsheets or paper files.
In order to help compliance officers protect themselves and their organizations from possible fines, compliance lapses and reputational risks, the NICE Actimize solution's robust feature set allows compliance managers to assemble new policies and operational updates, and to compile new or amended regulations. In addition, the solution works to distribute these updates to specific teams to ensure they will be reviewed. The solution also captures attestations, as well as tracks, monitors, and reports on status.