Partnering with the X-Sight Marketplace,
Jumio leverages advanced AI and biometrics to improve ID and
identity verification and meet KYC requirements
Helping financial services organizations keep up with a changing
market landscape, NICE Actimize, a NICE business (Nasdaq:
NICE) and the leader in autonomous financial crime
management, today announced that Jumio, a global leader in
AI-powered identity verification, has joined the X-Sight
Marketplace, the industry’s first financial crime risk
management-focused ecosystem designed to assist financial services
organizations evaluate new point solutions and move to stay on top
of a challenging regulatory and criminal environment.
The X-Sight Marketplace leverages the X-Sight
Platform-as-a-Service and further expands the functionality offered
by the platform. The NICE Actimize X-Sight Platform-as-a-Service
offers a single, unified, cost-effective way for financial service
organizations to rapidly innovate and to introduce new services
while supporting best-in-class financial crime, risk and compliance
management capabilities.
Jumio’s solutions help customers meet regulatory compliance,
while reducing fraud and meeting strict Know Your Customer (KYC)
and Anti-Money Laundering (AML) requirements, while simplifying the
user experience. By leveraging Jumio’s advances with identity
verification and biometric authentication, NICE Actimize clients
will increase their ability to orchestrate the processes to fight
financial crime in the onboarding of new customers, increase their
insights in assessing customer risk, and better detect threats when
assessing behavioral activities for money laundering and fraud
risks.
Technology providers such as Jumio, that partner with NICE
Actimize’s X-Sight Marketplace ecosystem, are reviewed for their
ability to complement financial crime and compliance solutions.
Once approved, software and service providers become available to
the NICE Actimize community via the X-Sight Marketplace. FSOs can
quickly browse through X-Sight Marketplace solution categories to
find scalable options that solve their unique business
problems.
“Jumio is excited to develop this partnership with NICE Actimize
as we bring our unique innovation and business value to financial
services organizations looking to apply advanced AI and biometrics
to bolster their financial crime operations,” said Stephen
Kearney, head of worldwide partnerships, Jumio. “There
is strong synergy and alignment between the industry-leading
financial crime solutions and platforms that NICE Actimize offers
its community. With the increased emphasis on digital identity and
KYC, this is a perfect opportunity to help the community maintain
compliance. We look forward to building our presence within this
innovative community platform.”
“We are excited that Jumio, who shares our common goal of
fighting financial crime through the benefits of a marketplace
ecosystem, is partnering with us and joining the X-Sight
Marketplace community,” said Craig Costigan, CEO, NICE
Actimize. “By connecting via a cloud environment,
community participants will experience a quicker time to value and
minimized integration cost as they evaluate new solutions for their
financial services organizations.”
Additional categories that will be added to NICE Actimize’s
X-Sight Marketplace from other partner participants will include:
Ultimate Beneficial Ownership, Value-added Data & Adverse
Media, Watchlist, Device Identification, and User Authentication
& Fraud. Additional partners will be announced as the X-Sight
Marketplace grows.
About Jumio Jumio’s mission is to make the
internet a safer place by protecting the ecosystems of businesses
through cutting-edge online identity verification and
authentication services that quickly and accurately connect a
person’s online and real-world identities. Jumio’s end-to-end
identity verification solutions fight fraud, maintain compliance
and onboard good customers faster. Leveraging advanced technology
including augmented intelligence, AI, biometrics, machine learning,
certified 3D liveness detection and human review, Jumio helps
organizations meet regulatory compliance including KYC, AML and
GDPR and definitively establish the digital identity of their
customers. Jumio has verified nearly 200 million identities issued
by over 200 countries and territories from real-time web and mobile
transactions. Jumio’s solutions are used by leading companies in
the financial services, sharing economy, digital currency, retail,
travel and online gaming sectors. Based in Palo Alto, Jumio
operates globally with offices in North America, Latin America,
Europe and Asia Pacific and has been the recipient of numerous
awards for innovation. For more information, please visit
www.jumio.com.
For more information on the X-Sight Marketplace, please
click here.
If you are a technology company or financial institution wishing
to be part of the first financial crime and compliance marketplace,
please contact us at
info@niceactimize.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 NICE (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 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 Craig
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, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190819005236/en/
Corporate Media Contact Cindy Morgan-Olson,
551-256-5202, 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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