NICE and IBM Partner to Enable Banks to Adopt Cloud-First Strategy for Retaining Financial Communications Required for Regulatory Compliance

NICE (Nasdaq: NICE) today announced that it has partnered with
IBM and completed a certified integration of its NICE Trading Recording
(NTR) solution with IBM’s Cloud Object Storage. Financial services
organizations worldwide are under mounting pressure from MiFID II, MAR,
Dodd-Frank and FX Code of Conduct to store and retain large volumes of
communications, as regulations mandate recording of greater numbers of
regulated users, asset classes, channels and devices. The integration of
the two technologies means financial institutions can now leverage
best-of-breed compliance recording and compatible cloud storage to
securely and cost effectively retain, and easily access, growing volumes
of financial communications required for regulatory compliance.

Chris Wooten, Executive Vice President, NICE, said, “Regulations
such as MiFID II are changing the game in many ways, first and foremost
of which is the sheer quantity of communications that need to be
recorded. The cloud’s ability to archive this large volume of trade
communication data affords increased agility, security, flexibility,
time and cost savings, and this is enticing more banks to adopt a
cloud-first strategy for their critical data storage needs. We’re
excited to partner with IBM to integrate our best-of-breed NTR and Cloud
Object Storage solutions so our customers in the financial services
sector can leverage the cloud to store and safeguard financial
communications vital for regulatory compliance.”

NTR is the industry’s only ‘all-in-one’ compliance-focused trade
conversation recording platform used by most of the world’s leading
banks and investment firms for recording and retaining trade
conversation from turrets, desk phones, mobile phones, and Unified
Communications platforms, including Microsoft Skype for Business and
Cisco® Jabber®. NTR works in tandem with NICE COMPASS, the company’s
unique compliance assurance solution that features automation tools,
monitoring dashboards and reports to help financial institutions ensure
enterprise-wide compliance with MiFID II and other regulations.

IBM Cloud Object Storage enables firms to scale large unstructured data
volumes across on-premises systems as well as public and private clouds
quickly and easily, dramatically increasing IT system flexibility and
security. At its heart is IBM’s innovative SecureSlice, which combines
encryption and erasure coding for greater security and information
dispersal which enhances data availability. The platform’s policy
enabled lockable WORM vaults enable audio recordings and associated data
to be stored in an immutable fashion, ensuring it can’t be modified or
deleted for prescribed time periods, an essential feature for highly
regulated industries. IBM’s Cloud Object Storage can be deployed as an
on-premise solution (private cloud), off-premise solution (public
cloud), or hybrid solution.

David Wohlford, Product Marketing Manager for IBM Cloud Object Storage,
said, “We are excited about the combined solution with IBM Cloud Object
Storage and NICE NTR. We have been working with NICE to ensure our
products are supported to help meet customers’ business and regulatory
requirements. IBM Cloud Object Storage’s policy based lockable data
capabilities and scalable architecture fits nicely with the strength of
the NICE NTR solution. Our mutual benefits are one reason we already
have a successful implementation at a large financial services account.”

NICE is the world’s leading financial compliance solution provider,
serving more than 90 percent of the largest investment banks globally.
NICE’s compliance solutions assist customers in the capture of trade
conversations and trades, analyzing them for potential risk, and
correlating trade conversations with trades for trade reconstruction.
The company’s compliance solutions make automated and intelligent
holistic trade compliance programs possible and enable FSOs to comply
with regulatory requirements, including MiFID II, MAR, FX Code of
Conduct, Dodd-Frank and future directives.

About NICENICE (Nasdaq:NICE) is the worldwide leading
provider of both cloud and on-premises enterprise software solutions
that empower organizations to make smarter decisions based on advanced
analytics of structured and unstructured data. NICE helps organizations
of all sizes deliver better customer service, ensure compliance, combat
fraud and safeguard citizens. Over 25,000 organizations in more than 150
countries, including over 85 of the Fortune 100 companies, are using
NICE solutions. www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks of
their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Forward-Looking StatementsThis 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 Mr. Wooten, are based on the
current beliefs, expectations and assumptions of the management of NICE
Ltd. (the Company). In some cases, such forward-looking statements can
be identified by terms such as believe, expect, may, will, intend,
project, plan, estimate or similar words. Forward-looking statements 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) potentially impacting our business and
financial condition; competition; 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; an inability to maintain certain marketing and
distribution arrangements; and the effect of newly enacted or modified
laws, regulation or standards on the Company and our products. 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.

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