HOBOKEN, N.J. - NICE Actimize, a part of NICE (NASDAQ: NICE), unveiled its new cloud-based ARCHIVE-X platform today, aimed at aiding financial services firms in managing regulatory requirements for communications archiving and records management. ARCHIVE-X is an omni-channel enterprise cloud archive solution designed to centralize the archiving of various communication types, enhancing compliance and reducing risk for financial institutions.
ARCHIVE-X is capable of capturing and storing over one hundred types of regulated employee communications, including emails, chats, voice recordings, and video conferences from platforms such as Microsoft (NASDAQ:MSFT) Teams, Webex, and Zoom (NASDAQ:ZM), among others. It integrates with NICE Actimize's existing compliance solutions, NTR-X Compliance Recording and SURVEIL-X Holistic Conduct Surveillance, to provide a comprehensive compliance platform named Compliancentral.
The solution addresses the challenges faced by financial firms regarding communication archiving and retention, which have resulted in substantial fines from global regulators due to recordkeeping failures. ARCHIVE-X offers features such as advanced data encryption, WORM-compliant archiving, and 24/7 security monitoring. The cloud-based service promises a 99.99% availability SLA and the capacity to handle archiving of over six terabytes of data daily.
Chris Wooten, Executive Vice President of NICE, highlighted the importance of ARCHIVE-X in assisting financial institutions to manage data securely and effectively, thereby protecting both the institutions and their investors from lapses in recordkeeping.
NICE Actimize is recognized as a leading provider of financial crime, risk, and compliance solutions, serving a broad range of financial institutions and regulatory bodies globally. The company's solutions include fraud prevention, anti-money laundering detection, and trading surveillance.
This announcement is based on a press release statement from NICE Actimize. The company's forward-looking statements are subject to risks, uncertainties, and assumptions, as detailed in their filings with the U.S. Securities and Exchange Commission.
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