NICE Actimize has acquired Redkite, a fellow technology vendor in the financial crime space. It says that the deal reinforces its leadership in the trade surveillance market, combining the company’s enterprise compliance platform, broad regulatory coverage and global tier one market presence with Redkite’s expertise in front office operations and real-time, cloud-based trade surveillance.

Amir Orad, President and CEO at NICE Actimize, says: “Utilising Redkite’s innovative cloud and trade surveillance technology, we can accelerate our clients’ ability to quickly deploy new compliance modules as new regulations appear while lowering total cost of ownership. We believe that our complementary technology offerings will deliver strategic value to tier one and tier two financial institutions alike. The Redkite technology contribution also enhances our ability to analyse intraday trading activity in real time, a requirement that has been increasingly on regulators’ and customers’ agendas.”

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