Actimize has unveiled surveillance software to detect
rogue trading and enhance risk management capabilities at financial
institutions.
The launch of the
Employee
Trading Fraud system comes in the wake of the
substantial rogue trader losses sustained by France's Société
Générale.
The Actimize system combines trading surveillance and employee
fraud detection capabilities and is built on the company's existing
technology in the institutional and proprietary trading market.
Based on a core analytics and profiling engine and a set of
flexible enterprise case management and investigation applications,
the solution is designed to identify trader behaviour and
activities that could be related to fraud or unauthorised
activities.
David Sosna, CEO at Actimize, said, "Over the last five years,
Actimize has deployed employee fraud detection and trading
surveillance systems at large global firms.
"The Actimize Employee Trading Fraud solution is the culmination
of our experience in this space and a collaborative process with
leading compliance and operational risk managers worldwide."
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