New Actimize MiFID Compliance Solution Helps Investment Banks Overcome Process and Tech Hurdles

New York (ots/PRNewswire) -

- The FSA, BBA, LSE and Allen & Overy to Present at the Actimize
June MiFID Conference Following Similar Events in Amsterdam and Paris

Actimize, the leading provider of transactional risk management
software for the financial services industry, today outlined a newly
improved Market in Financial Instruments Directive (MiFID) solution
for European investment banks. Actimize's customers in Europe are
preparing to comply with MiFID by ensuring they have the proper
process and technologies in place. Over 70 percent of Actimize's
customers in Europe already use its solutions for some portion of
market or brokerage compliance, which include most of the largest
banks operating in the region. Similarly in the US, Actimize serves
eight of the top 10 brokerage houses in meeting comparable regulatory
challenges.

Last month dozens of Actimize clients met in London to discuss
their issues and challenges regarding MiFID compliance. MiFID is a
major part of the European Union's Financial Services Action Plan
(FSAP), which is designed to create a single market in financial
services. Financial institutions are required to comply with newly
introduced MiFID requirements starting November 2007; as a result,
demand for MiFID solutions continues to pick up across Europe.

On June 21, Actimize will continue a series of educational events
with its London MiFID Conference, where the Financial Services
Authority, the British Bankers Association, the London Stock Exchange
and others will discuss the latest developments and, most important,
the impact of MiFID on financial firms' day-to-day operations.
Previous events in Amsterdam and Paris included speakers from leading
banks, law firms, regulatory bodies and the Euronext.

The Actimize MiFID Compliance Solution is a proven, comprehensive
set of capabilities that address the major process and technological
hurdles presented by the MiFID requirements of the FSAP, including
client categorization, suitability surveillance, best execution trade
monitoring, best execution policy review and improvement, best
execution market snapshot and record keeping, transaction reporting,
client order handling and conflict of interest.

The Actimize implementation framework allows companies to deploy
the MiFID solution in its entirety or as modular solutions. Each
modular solution contains various detection scenarios that flag
violations, in real time or near real time where required by
regulations. The violations are then scored according to severity in
areas such as best execution failure, suitability violations,
improper handling of client orders, etc. The solutions are also
equipped with Actimize's case management workflow and dashboard that
is designed to fulfill regulator-prescribed controls for management
responsibilities, such as customer classification, execution policy
management, charges policy management, exception recognition,
follow-up, resolution, reporting and documentation.

"We provide European financial institutions a proven compliance
methodology, easy-to-use supervisory tools, top down views of all
activities and the flexibility to meet unforeseen future
requirements," says Bruno Piers, Director, Europe of Actimize. "Our
customers are forward-thinking banks that are using MiFID compliance
as a way to improve internal processes and efficiencies."

For more information about MiFID, download an Actimize whitepaper.

About Actimize

Mitigating transactional risk across enterprise silos, Actimize is
a leading provider of risk management software solutions for
anti-money laundering, 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 and
monitor hundreds of millions of transactions a day. Actimize has
offices in New York, London, Tokyo and Israel. For more information,
go to www.actimize.com.

Press Contact:
Jonathan Stotts
Actimize
+1-212-994-3865
[email protected]

Web site: http://www.actimize.com

Rückfragehinweis:
Jonathan Stotts of Actimize, +1-212-994-3865, or
[email protected]

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