NICE Actimize's embedded AI improves customer
experience and AML program operational efficiency
NICE Actimize, a NICE (NASDAQ: NICE)
business, today confirmed that NICE Actimize was named the
winner of the 2024 Datos Insights Fraud & AML Impact Award for
Best AML Transaction Monitoring Innovation. The Fraud & AML
Impact Awards program identifies the organizations and vendors
whose new and disruptive financial crime solutions counter
escalating financial crime threats.
The award winners and finalists were selected based on the
following criteria, which were considered when scoring each entry:
level of innovation, competitive advantage, market need, financial
crime risk mitigation, impact on customer experience and
operational efficiency, integration and scalability, and future
roadmap.
NICE Actimize was awarded for its advanced Embedded AML AI, a
comprehensive set of AI-driven capabilities that enhance NICE
Actimize's Transaction Monitoring solution. By leveraging advanced
AI and machine learning techniques, its embedded AI can ingest and
analyze vast amounts of data to segment customers, detect
anomalies, uncover hidden relationships, prioritize alerts, and
generate insights.
“Organized crime is relentlessly bombarding society with scams,
automated bots, synthetic identities, mule activity, and
application fraud. The ongoing economic uncertainty is compelling
organizations to manage costs more carefully and find ways to
improve operational efficiency and resource utilization,” said
Chuck Subrt, Fraud & AML Practice Director at Datos
Insights. “The financial services industry is doubling down on
innovation, automation, and data to tackle this confluence of
challenges and risks. Congratulations to NICE Actimize on this
year’s win in the AML transaction monitoring category.”
Craig Costigan, CEO, NICE Actimize, said, “With the right
use of next-gen technology, financial institutions can increase
efficiency and effectiveness within their AML programs. AI has
proven effective when applied to fighting financial crime and more
recently generative AI capabilities have emerged to help
investigation teams catch criminals with precision. Thank you to
Datos Insights for recognizing our innovation.”
By leveraging advanced AI and machine learning techniques, NICE
Actimize’s Embedded AI AML empowers FIs to improve the accuracy and
efficiency of their AML operations, leading to better risk
management, reduced costs, and enhanced regulatory compliance,
noted Datos Insights.
The winners were selected by a panel of fraud and AML industry
experts and Datos Insights strategic advisors. The identification
of any Datos Insights award winners or silver medalists is not an
endorsement by Datos Insights of any vendor, product, or
service.
About Datos Insights Datos Insights delivers the
most comprehensive and industry-specific data and advice to the
companies trusted to protect and grow the world’s assets, and to
the technology and service providers who support them. Staffed by
experienced industry executives, researchers, and consultants, we
support the world’s most progressive banks, insurers, investment
firms, and technology companies through a mix of insights and
advisory subscriptions, data services, custom projects and
consulting, conferences, and executive councils.
www.datos-insights.com (info@datos-insights.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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008459460/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, media@nice.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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