NICE Actimize’s AML solutions make use of
best-in-class AI, data intelligence, graph analytics, anomaly
detection, collective intelligence and a unified cloud platform
NICE Actimize, a NICE (Nasdaq: NICE)
business today announced that its entity-centric Anti-Money
Laundering (AML) solutions have been selected as the winner of the
“Best Anti-Money Laundering Solution ” award in the 8th annual
FinTech Breakthrough Awards program conducted by FinTech
Breakthrough, an independent market intelligence organization that
recognizes the top companies, technologies and products in the
global FinTech market today.
FinTech Breakthrough highlighted NICE Actimize’s family of AML
solutions, including Suspicious Activity Monitoring (SAM10),
Sanctions and Risk Screening (WL-X), Suspicious Transaction
Activity Reporting (STAR), Customer Due Diligence (CDD-X), Currency
Transaction Reporting (CTR), Customer Trust Profiles and Scores
(X-Sight Entity Risk), Cryptocurrency Intelligence and Entity
Resolution.
Noted FinTech Breakthrough judges, “This suite of technologies
makes use of best-in-class AI, data intelligence, graph analytics,
anomaly detection, collective intelligence and a unified cloud
platform.”
“As we continue to modernize transaction monitoring components
with key advancements in both AI and generative AI for AML, our
customers will look to optimize efficacy and accuracy while
achieving full compliance coverage and auditability,” said Craig
Costigan, CEO, NICE Actimize. “As this award suggests, NICE
Actimize is a breakthrough solutions provider in terms of the
breadth and depth of functionality of its anti-money laundering
solutions portfolio.”
“Key for agility, scalability and data insights, financial
institutions across the globe have increased the use of external
information and data integration in their AML/CFT systems,
supported by more advanced technology, to identify high-risk
relationships, suspicious transactions and networks,” said Steve
Johansson, Managing Director, FinTech Breakthrough. “NICE
Actimize’s breadth and depth of functionality of its AML solutions,
including its Suspicious Activity Monitoring (SAM) transaction
monitoring solution, helps financial institutions accomplish these
steps and address the significant challenges facing global
financial institutions today.”
The FinTech Breakthrough team also noted that, “NICE Actimize’s
AML suite also supports all currencies, with daily exchange rates
loaded into the solution, and can support any language character
set that the client’s database supports, including language
direction (RTL/LTR). Customers can opt to translate UI displays
during the implementation process to ensure local personnel use the
preferred language in that region.”
The FinTech Breakthrough Awards is the premier awards program
founded to recognize the FinTech innovators, leaders and
visionaries from around the world in a range of categories,
including Digital Banking, Personal Finance, Lending, Payments,
Investments, RegTech, InsurTech and many more.
For additional information:
- For more on NICE Actimize’s anti-money laundering solutions,
please click here.
About FinTech Breakthrough Part of Tech Breakthrough, a
leading market intelligence and recognition platform for technology
innovation and leadership, the FinTech Breakthrough Awards program
is devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards
provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking, Lending,
RegTech, InsurTech and more. For more information visit
FinTechBreakthrough.com.
About NICE Actimize NICE Actimize is the largest and
broadest provider of financial crime, risk and compliance solutions
for regional and global financial institutions, as well as
government regulators. Consistently ranked as number one in the
space, NICE Actimize experts apply innovative technology to protect
institutions and safeguard consumers’ and investors’ assets by
identifying financial crime, preventing fraud and providing
regulatory compliance. The company provides real-time,
cross-channel fraud prevention, anti-money laundering detection,
and trading surveillance solutions that address such concerns as
payment fraud, cybercrime, sanctions monitoring, market abuse,
customer due diligence and insider trading. Find us at
www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.
About NICE With NICE (Nasdaq: NICE), it’s never been
easier for organizations of all sizes around the globe to create
extraordinary customer experiences while meeting key business
metrics. Featuring the world’s #1 cloud native customer experience
platform, CXone, NICE is a worldwide leader in AI-powered
self-service and agent-assisted CX software for the contact center
– and beyond. Over 25,000 organizations in more than 150 countries,
including over 85 of the Fortune 100 companies, partner with NICE
to transform - and elevate - every customer interaction.
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 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 Mr. Costigan, 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,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“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 changes in economic and business conditions;
competition; successful execution of the Company’s growth strategy;
success and growth of the Company’s cloud Software-as-a-Service
business; 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
in making additional acquisitions or 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; the
Company’s dependency on third-party cloud computing platform
providers, hosting facilities and service partners; cyber security
attacks or other security breaches against the Company; privacy
concerns; changes in currency exchange rates and interest rates,
the effects of additional tax liabilities resulting from our global
operations, the effect of unexpected events or geo-political
conditions, such as the impact of conflicts in the Middle East that
may disrupt our business and the global economy; the effect of
newly enacted or modified laws, regulation or standards on the
Company and our products and various other factors and
uncertainties discussed in our filings with the U.S. Securities and
Exchange Commission (the “SEC”). 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 SEC,
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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version on businesswire.com: https://www.businesswire.com/news/home/20240417615775/en/
Corporate Media Cindy Morgan-Olson, +1 646 408 5896,
media@niceactimize.com ET
Investors Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763 0127, ir@nice.com, CET
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