Verint Financial Compliance Named Best Solution for Second Consecutive Year

MELVILLE, N.Y.--(BUSINESS WIRE)--Verint^® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company^™, today announced that its Financial Compliance^™ solution was named Best Buy-Side Compliance Product - Trading in the 2020 Buy-Side Technology Awards for the second consecutive year. Hosted by WatersTechnology magazine, the awards honor the leading technologies and firms that help buy-side investment companies excel.

Verint Financial Compliance was selected as a winner for helping organizations drive communication compliance, automate assurance and reduce risk across leading unified communications, collaboration, trader voice and mobile platforms.

The Award also recognizes Verint’s successful engagement with an independent, global asset manager, Ninety One (formerly Investec Asset Management), who uses the solution for unified compliance recording, data governance and operational assurance capabilities. Ninety One leverages a single solution to securely record, maintain and retrieve a high daily volume of interactions. The solution is designed to automatically monitor and record procedures and the underlying infrastructure including Microsoft Skype for Business, Cisco Call Manager, and BT Trading Enterprise turrets on their trading floors and back-offices across their global locations. Verint will work with Ninety One to provide the same level of compliance coverage for Microsoft Teams once the collaboration platform is rolled out to the organization.

“Verint is a trusted partner in helping Ninety One achieve rigorous and demanding compliance and legislative requirements,” says Marius Van Tonder, global infrastructure manager, Ninety One. “Verint Financial Compliance is a seamlessly integrated technology suite and, coupled with the expertise of the Verint team, helps ensure that our dynamic organization can face its trading future with confidence.”

"It is a great honor to be named Best Buy-Side Compliance Product within the financial trading market for the second year in a row," says Verint’s John Bourne, senior vice president, global channels and alliances. "2020 has proven to be a challenging year for buy-side organizations, with competing pressures to maintain business continuity while complying with strict regulatory obligations. As the finance industry is accelerating digital transformation to become more resilient, responsive and intelligent in these turbulent times, Verint plays a key role in supporting this paradigm shift with secure and reliable data capture, oversight and control capabilities powered by the cloud, automation and AI."

Verint Financial Compliance has been recognized by other industry insiders and the global financial community this year. In October, it received Central Banking’s 2020 FinTech & RegTech Global Award as Data Management Partner for Regulatory Compliance while being a finalist for various compliance, unified communications and financial technology industry recognitions throughout the year.

Verint Financial Compliance

Verint’s award-winning Financial Compliance solution—available in the cloud, on premises and as a hybrid architecture—supports automated policies and compliance workflows, offers an open approach to ease integration and provides a broad range of capabilities to help the financial industry tackle communication compliance, operational assurance and data governance. Trusted by over 800 financial services organizations worldwide—including Tier 1 banks and investment firms—Verint’s compliance solutions bring the ability to capture, retain, transcribe, retrieve and analyze voice and electronic communications offered by the latest unified communications (UC), collaboration, trader voice, mobile and IP telephony solutions.

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About Verint Systems Inc.

Verint^® (Nasdaq: VRNT) is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization and cyber intelligence. Today, over 10,000 organizations in more than 180 countries—including over 85 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence^® at www.verint.com.

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2020, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2020, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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