Actimize system sets sights on rogue traders

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Actimize system sets sights on rogue traders

Antony Savvas

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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