The latest technology news in the wealth management sector from around the world.

NICE Actimize, a firm using digital technology to fight financial crime, has been used by Japanese brokerage firm Rakuten Securities to put an anti-money laundering compliance platform into use.

Rakuten Securities will use NICE Actimize’s Autonomous Anti-Money Laundering portfolio, initially rolling out the CDD-X Customer Due Diligence platform. This will be followed by Suspicious Activity Monitoring and Watch List Filtering solutions at a later date to become more efficient and cut costs.

The NICE Actimize platform uses advanced analytics to deal with customer due diligence and know your customer checks.

“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,” Keisuke Ichihara, director and executive, Rakuten Securities, said.