# NICE Actimize Launches Compliancentral, Industry’s First End-to-End Communications and Trade Compliance Platform
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-05
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: NICE Actimize Launches Compliancentral Cloud Platform
Meta Description: Uncover hidden conduct risk by capturing and monitoring all employee communications, trades, and behavioral data in real-time. Drive good behavior and complian
URL: https://financedigest.com/nice-actimize-launches-compliancentral-industrys-first-end-to-end-communications-and-trade-compliance-platformhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd050118-1-1-1736843108113-compressed.jpg)

The financial services industry and public sector are aligned in their concerns about data and system security, with both citing a fear of harmful cyber threats emerging in 2018, according to a new study from digital workplace provider Invotra.

The research, conducted among 504 senior IT managers working across public sector and financial organisations, found that 79% of those in the public sector, and 85% of respondents in the financial services sector, consider data and systems security to be their biggest priority. Both groups also said that the most notable impact of high profile cyber attacks hitting the headlines was greater scrutiny on existing systems. When asked how well equipped their organisation is to defend itself against cyber attacks, the [financial sector](https://www.financedigest.com/iot-for-the-financial-sector.html "IoT for the Financial Sector") showed greater confidence, with 94% saying they had a strong line of defence, compared to 88% in the public sector.

Fintan Galvin, chief executive officer at Invotra said, “We commissioned this research to understand digital challenges facing the financial and [public sectors](https://www.financedigest.com/guess-what-public-sector-adoption-of-e-invoicing-on-the-rise.html "GUESS WHAT? PUBLIC SECTOR ADOPTION OF E-INVOICING ON THE RISE!"). Both sectors are under pressure to modernise systems, make them accessible, and to [keep pace](https://www.financedigest.com/winning-the-security-race-how-financial-services-can-keep-pace-with-cybercriminals.html "Winning the security race: how financial services can keep pace with cybercriminals") with emerging technologies; all the while tackling sophisticated security threats. These are real hurdles for IT professionals today so it’s no wonder they have concerns for the [year](https://www.financedigest.com/the-year-ahead-top-payments-trends-to-watch-out-for-in-2022.html "The year ahead: Top payments trends to watch out for in 2022") ahead.”

Exploring respondents’ attitudes to digital transformation, public sector IT managers were asked how [well they felt the sector was progressing](https://www.financedigest.com/cricket-injured-buttler-progressing-well-ahead-of-t20-world-cup.html "Cricket-Injured Buttler ‘progressing well’ ahead of T20 World Cup"). 44% described [digital transformation](https://www.financedigest.com/the-root-of-all-good-sustainabilitys-role-in-digital-transformation.html "The Root of All Good: Sustainability’s role in Digital Transformation") as ‘an important focus’, but said the public sector is way behind the private sector.  There was greater confidence and belief among [financial services professionals, with a smaller proportion (19%) feeling financial services lags behind other sectors](https://www.financedigest.com/overcoming-information-overload-in-the-financial-sector.html "OVERCOMING INFORMATION OVERLOAD IN THE FINANCIAL SECTOR"), and just a small proportion (8%) of respondents in the financial sector describing digitisation as ‘an aspiration’ and ‘not an achievable goal’.  In the public sector, a larger proportion (18%) said [digital transformation was ‘a buzzword’ and described it as ‘meaningless’, and a fifth said digital transformation was too costly compared to 13% in the finance](https://www.financedigest.com/the-four-benefits-of-digital-transformation-in-the-finance-industry.html "The Four Benefits of Digital Transformation in the Finance Industry") sector.

With the emphasis on improving digital services, Invotra also wanted to understand how technology professionals [rate current investment levels](https://www.financedigest.com/ecbs-lagarde-raises-prospect-of-rate-hikes-beyond-neutral-level.html "ECB’s Lagarde raises prospect of rate hikes beyond neutral level"). Almost half (49%) of public sector respondents said about the right amount had been [invested to support broader digital transformation](https://www.financedigest.com/intelligent-investment-in-digital-transformation-driving-change-from-the-grassroots.html "Intelligent investment in digital transformation: Driving change from the grassroots") initiatives, but almost a third (32%) said investment to date had been inadequate. In the financial [sector](https://www.financedigest.com/is-automation-key-to-esg-success-in-the-banking-and-finance-sector.html "Is automation key to ESG success in the banking and finance sector?"), 64% of respondents believe the right amount has been invested in improving digital services, and a much smaller proportion (18%) believe not enough spend has been dedicated to modernisation.

Respondents were also asked to rate their organisation’s investment in emerging technologies, including blockchain, [artificial intelligence](https://www.financedigest.com/types-of-artificial-intelligence.html "artificial intelligence"), predictive analytics and biometrics. 46% of [public sector IT professionals believe about the right amount has been invested](https://www.financedigest.com/increasing-private-and-public-investment-in-digital-imaging-technology-particularly-in-the-field-of-healthcare.html "Increasing private and public investment in digital imaging technology particularly in the field of healthcare") but over a third (37%) would like to see greater investment. In the financial sector, over half (54%) believe current investment levels are appropriate, but a fifth believe their organisation is [spending too much on emerging](https://www.financedigest.com/sunak-promises-more-spending-as-uk-emerges-from-pandemic.html "Sunak promises more spending as UK emerges from pandemic") technologies. A far smaller proportion (23%) thinks too little is being spent.

Fintan Galvin concluded, “It’s clear from our study that finance [technology professionals understand the need to drive change](https://www.financedigest.com/how-technology-has-changed-our-lives.html "How Technology has Changed Our Lives"). But, they are charged with providing an [accessible digital](https://www.financedigest.com/bridging-the-gap-between-banking-and-digital-accessibility-in-todays-digital-by-default-world.html "Bridging the Gap Between Banking and Digital Accessibility in Today’s ‘Digital by Default’ World") workplace with meaningful results in terms of improving people’s work lives, whilst facing sophisticated security threats. And, there is, of course, pressure to do more with less.

“Organisations [need to wake up and realise that enhancing digital capabilities is about enabling people](https://www.financedigest.com/britain-says-6000-more-people-needed-for-trial-of-merck-covid-pill.html "Britain says 6,000 more people needed for trial of Merck COVID pill") and not the sole responsibility of IT departments. This research highlights a need for widespread buy in, and understanding of [digital workplace technologies](https://www.financedigest.com/the-advanced-wound-management-technologies-market-to-grow-based-on-customized-digitization.html "The Advanced Wound Management Technologies Market to grow based on customized digitization") across organisations, and for proper user training. Without this, [transforming the internal and external customer](https://www.financedigest.com/transforming-to-customer-centric-service-in-financial-services.html "Transforming to customer centric service in Financial Services") experience, is going to prove impossible.”


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---