The compliance IT giant is to support the Abu Dhabi-headquartered UAE Exchange with a battery of financial crime programmes that including anti-money-laundering and fraud management software.

Promoth Manghat, the CEO of the exchange, said: “We were looking for AML sanction screening, customer due diligence and transaction monitoring systems that could be implemented across our branches globally. These solutions are being customized and integrated with our own technology architecture, transaction systems and fraud management so as to reduce monitoring costs, improve investigative efficiency and provide comprehensive regulatory coverage. We are glad to associate with NICE Actimize."

At the centre of the deal are what NICE Actimize calls its suspicious activity monitoring, customer due diligence and watch list filtering capabilities.