NICE Actimize

Rakuten Securities Deploys NICE Actimize AML Solution


Rakuten Securities Inc., a major online brokerage operating throughout Japan and across Asia, has chosen NICE Actimize to implement an innovative anti-money laundering compliance platform to protect and support its investor clients and meet regulatory requirements.

The Japanese broker will deploy NICE Actimize’s Autonomous Anti-Money Laundering portfolio, including the CDD-X Customer Due Diligence platform and the Suspicious Activity Monitoring and Watch List Filtering solutions.

The CDD-X Customer, Due Diligence platform, modernizes KYC/CDD programs with advanced analytics and provides accurate detection and customer risk scoring to reduce compliance risk. It also offers embedded automation capabilities that streamline tasks related to ultimate beneficial ownership (UBO), adverse media, and data flow with customer relationship management (CRM) systems. CDD-X also leverages third-party risk factors to increase the accuracy of customer risk ratings during onboarding and ongoing monitoring to provide more intelligence to analysts.

Keisuke Ichihara, Director and Executive Officer, Rakuten Securities, said: “As many financial institutions worldwide pursue a more data-driven, advanced approach towards anti-money laundering initiatives, we are confident that the capabilities of these new solutions will bring great value to both our operations and the customers we serve. NICE Actimize’s deep experience, accumulated through strong relationships with financial institutions, will help us achieve our objectives as part of our renewed anti-money laundering strategy.”

Craig Costigan, CEO, NICE Actimize, commented: “NICE Actimize is excited to provide our advanced anti-money laundering solutions to Rakuten Securities, the online brokerage market leader in Japan and the greater Asia-Pacific. As the AML regulatory landscape evolves and the criminals become more sophisticated, compliance teams need a solid AML program that meets these changing requirements, while reducing costs and improving operational efficiency. We look forward to providing Rakuten robust solutions that will help them address these challenges while staying ahead of market and regulatory changes.”

NICE Actimize’s Suspicious Activity Monitoring solution combines cutting edge technology with human-expertise to ensure accurate alert detection, increased team productivity, and lowered compliance program costs. Its consistent, global sanctions screening and high-quality alerts increase operational efficiency, reduces compliance costs, and assists in meeting regulatory requirements.

The firm has recently launched KYC Xpress, a cloud solution that automates manual KYC procedures, dramatically increasing the speed of KYC processes by more than 80 percent, the firm claims. The product addresses the unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures due to
provisions in the recently enacted CARES Act.