NICE Actimize Unveils Xceed, a Next-Generation AI-Powered Financial Crime Risk Management Cloud Platform
August 19 2020 - 6:30AM
Business Wire
The Xceed AI cloud-native platform
revolutionizes AML and fraud prevention for financial services
organizations of any size, dramatically accelerating their cloud
and digital transformations
NICE Actimize (Nasdaq: NICE)
today announced the launch of its newest platform, NICE Actimize
Xceed, which integrates best-in-class AI, data intelligence,
behavioral analytics, and insights within a unified cloud platform
designed to bring agility to financial institutions of all sizes,
including community and regional banks, that are looking to
modernize their financial crime risk management solutions.
Xceed combines the most advanced capabilities of both Guardian
Analytics and NICE Actimize providing full coverage for both
anti-money laundering and fraud prevention.
With “Always On” AI-based technology, NICE Actimize Xceed’s
self-learning capabilities immediately and autonomously adapt to
new threats, helping financial institutions meet today’s dynamic
risk management needs with laser accuracy, speed and simplicity,
and without the need for a team of data scientists. The new
platform, which includes the industry’s most advanced real-time
behavioral analytics and machine learning capabilities, will offer
simplified cloud deployments while optimizing operational resource
efficiency.
The Xceed platform is the newest addition to the NICE Actimize
offering and is joining X-Sight which is quickly becoming the
leading platform for many of the largest financial services
organizations worldwide. With the addition of Xceed, NICE Actimize
now brings its unmatched AI and cloud technologies to financial
services of any size, meeting the unique requirements of small and
mid-size organizations that can now enjoy capabilities which up
until now were available only for organizations at large scale.
“We are pleased to bring our customers the unique combination of
proven expertise with best-in-class innovation in both Artificial
Intelligence and the cloud, presenting a major opportunity to
further support financial services organizations of all sizes.
Xceed is based on the proven AI models deployed at hundreds of
Guardian Analytics and Actimize customers, leveraging the best
innovations of both and bringing the industry its most advanced
machine learning capabilities for complete financial crime risk
management coverage,” said Craig Costigan, CEO, NICE
Actimize.
To learn more about Xceed, please join the upcoming
webinar: “Xceed - The Power of Always on AI” on September 1, 2020.
For additional information on NICE Actimize Xceed, please click
here.
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 NICE (Nasdaq: NICE) is the world’s 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 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,
including as a result of the COVID-19 pandemic; 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
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; 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/20200819005285/en/
Corporate Media Contact: Cindy Morgan-Olson,
+1-646-408-5896, NICE Actimize,
cindy.morgan-olson@niceactimize.com
Investors: Marty Cohen, +1 551 256 5354 ET, ir@nice.com
Yisca Erez, +972-9-775-3798 CET, ir@nice.com
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