NICE Opens New Practice Dedicated to Dodd-Frank Act and is Working With Leading Financial Services Firms to Address its Requirements

NICE Opens New Practice Dedicated to Dodd-Frank Act and is Working

With Leading Financial Services Firms to Address its Requirements

RA'ANANA, Israel, April 19, 2012 /PRNewswire/ —

Financial institutions can leverage NICE's expertise and solutions to

ensure compliance with key components of the Dodd-Frank Wall Street

Reform and Consumer Protection Act relating to transactions and

interactions for trading floors, contact centers, back offices and

branches

NICE (NASDAQ: NICE), announced today that it has established a

practice dedicated to the Dodd-Frank Wall Street Reform and Consumer

Protection Act (Dodd-Frank), and is working with a number of leading

financial institutions in the United States as part of their

preparation to be compliant with the new recordkeeping and risk

management requirements. The focus of these efforts is on leveraging

NICE's extensive experience and solutions for trading floors, contact

centers, back offices and branches that are relevant to two critical

elements of Dodd-Frank, which are increased transparency in financial

transactions and strengthening consumer protections.

NICE has a dedicated team of experts who assist institutions of all

sizes in understanding and assessing the anticipated requirements of

the act, as well as leveraging NICE's solutions and technologies in

order to be in compliance.

"Financial institutions must already take action to be compliant with

the evolving requirements of Dodd-Frank," said Benny Einhorn, Chief

Marketing Officer at NICE. "In partnership with top U.S. institutions,

we are leveraging our industry domain expertise, and our unique

position of offering a broad range of compliance technologies and

solutions across channels to help shape the approach organizations

will need to take to comply with this act."

Dodd-Frank requirements for financial institutions and trading firms

are complex and technologically demanding, requiring a wide spectrum

of solutions across the enterprise. New levels of self-directed

monitoring and surveillance are necessary for companies to achieve

regulator transparency and trading controls. In addition, institutions

must improve recordkeeping and real-time reporting of all written and

oral communications relating to a transaction, while maintaining them

securely in a manner which is readily retrievable via electronic

access. Contact centers must also follow a new level of financial

transparency and enforcement.

NICE is actively engaged in the design and implementation of solutions

to help these organizations achieve compliance such as the examples

below:

The NICE Actimize Hedge Funds Trading Compliance solution includes a

broad range of analytical models designed to detect illicit or

non-compliant behavior by combining proven, out-of-the-box detection

and investigation capabilities to ensure timely identification of

potential compliance issues, such as insider trading, market

manipulation, securities fraud, and deceptive practices. The solution

includes comprehensive audit, query and reporting tools.

NICE Actimize trading compliance solutions are addressing Dodd-Frank's

new requirements for commodities trading with upcoming versions of its

Energy Trading Compliance solution enabling commodities traders (in

this case, Energy) to monitor and report on their global trade

positions and related trading activity.

The NICE Trading Floor Compliance solution provides customers with the

ability to reconstruct trade communications as they happen, tie them

to SWAP transactions and enable a search through every type of related

interaction including voice, instant messaging and email. The solution

can scan all communications for compliance risks based on predefined

risk categories resulting in automatic alerts to provide compliance

departments with greater insight into all communication which is

relevant to the transaction.

The NICE Contact Center Compliance Enforcement solution provides

capabilities for disclosure enforcement, script adherence, policy

guidance and lending/credit criteria validation. This comprehensive

set of functionalities together with NICE's vast contact center

expertise and key technological offerings, including compliance

recording, real-time automation, decisioning and guidance, and

interaction analytics, enables contact centers to comply with the new

regulations.

About NICE

NICE (NASDAQ: NICE) is the worldwide leader of intent-based solutions

that capture and analyze interactions and transactions, realize

intent, and extract and leverage insights to deliver impact in real

time. Driven by cross-channel and multi-sensor analytics, NICE

solutions enable organizations to improve business performance,

increase operational efficiency, prevent financial crime, ensure

compliance, and enhance safety and security. NICE serves over 25,000

organizations in the enterprise and security sectors, representing a

variety of sizes and industries in more than 150 countries, and

including over 80 of the Fortune 100 companies. http://www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or registered

trademarks of NICE Systems.  All other marks are trademarks of their

respective owners.  For a full list of NICE Systems' marks, please

see: http://www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is

defined in the Private Securities Litigation Reform Act of 1995. Such

forward-looking statements, including the statements by Messer

Einhorn, are based on the current expectations of the management of

NICE-Systems Ltd. (the Company) only, and are subject to a number of

risks and uncertainties that could cause the actual results or

performance of the Company to differ materially from those described

herein, including but not limited to the impact of the global economic

environment on the Company's customer base (particularly financial

services firms) and the resulting uncertainties; changes in technology

and market requirements; decline in demand for the Company's products;

inability to timely develop and introduce new technologies, products

and applications; difficulties or delays in absorbing and integrating

acquired operations, products, technologies and personnel; loss of

market share; pressure on pricing resulting from competition; and

inability to maintain certain marketing and distribution arrangements.

For a more detailed description of the risk factors and uncertainties

affecting the company, refer to the Company's reports filed from time

to time with the Securities and Exchange Commission, including the

Company's Annual Report on Form 20-F.  The forward-looking statements

contained in this press release are made as of the date of this press

release, and the Company undertakes no obligation to update or revise

them, except as required by law.

Corporate Media Contact Erik Snider, +1-877-245-7448,

erik.snider@nice.com     Investors Marty Cohen, +1-212-574-3635,

ir@nice.com, ET Anat Earon-Heilborn +972-9-775-3798, ir@nice.com, CET

SOURCE NICE Systems Ltd.

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CO: NICE Systems Ltd.

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