Actimize Ranked Leader in Celent Report on Brokerage Wealth Management Compliance Solutions.Eight of Top 10 US Brokerages and Two of Top Three US Clearing Firms Using Actimize Brokerage Compliance Solutions NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Actimize, the leading provider of transactional risk management software for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, today announced that Celent, a research and advisory firm for financial services, named Actimize the leader in its recent "Automated Wealth Management Compliance Solutions" report. Celent reviewed 50 vendors and made detailed comparisons of seven compliance systems. Actimize was the only vendor ranked in the top quartile Quartile A statistical term describing a division of observations into four defined intervals based upon the values of the data and how they compare to the entire set of observations. Notes: Each quartile contains 25% of the total observations. . Exploring the compliance needs of different segments of the wealth management industry, the report ranks seven vendors in a chart based on advanced technology, breadth of functionality, customer base and depth of client services. "We are very excited to be named 'leader' in compliance solutions by Celent," says David Sosna, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Actimize. "Celent's ranking confirms our commitment to understanding the needs of our brokerage and trading customers and delivering unmatched solutions." Celent reviewed the Actimize Sales Practices product, which is part of the Actimize Brokerage Compliance solutions. The solutions enable global and mid-sized businesses to increase insight into suspicious behavior and improve risk and compliance performance. Actimize Brokerage Compliance solutions are currently used by many of the top global financial services organizations, including eight of the top ten US brokerage firms and two of the top three US clearing firms, to ensure compliance with regulatory requirements from the SEC, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) , European Securities Commission, JSDA JSDA Japan Securities Dealers Association JSDA Japan Soap and Detergent Association JSDA Java Shared Data JSDA Japan Stamp Dealers Association and other regulators. The solutions help monitor a comprehensive range of issues and products and also provide the tools needed to effectively manage the investigation, reporting and audit tracking process. The Actimize Sales Practices solution reviewed in the report ensures sales practices compliance across the organization by monitoring transactions, accounts and sales representatives. The solution includes an integrated case See I-CASE. manager and covers a broad range of sales practices issues and products such as suitability, registration, sales of mutual funds and annuities, approval levels of options and more. Other Actimize Brokerage Compliance solutions include MiFID and Global Trading Compliance, covering equity, fixed income, derivatives, foreign exchange, employee trading and control room surveillance. To view the chart and/or buy the full report, go to http://www.celent.com/PressReleases/20070424/WMCompliance.htm. About Actimize Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. , brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top 10 global banks and eight of the top 10 U.S. brokerages use Actimize solutions to process hundreds of millions of transactions a day. Actimize has offices in New York, Israel, London and Tokyo. For more information, go to www.actimize.com. |
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