NICE Partners with IBM for Cloud Storage

NICE has partnered with IBM and completed a certified integration of its NICE Trading Recording (NTR) solution with IBM's Cloud Object Storage to help financial services firms record, store, and access, growing volumes of financial communications required for regulatory compliance.

"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," Chris Wooten, executive vice president of NICE, said in a statement. "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."

"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," David Wohlford, product marketing manager for IBM Cloud Object Storage, said in a statement.

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