This soon-to-launch challenger bank will
utilize NICE Actimize’s Essentials cloud solutions to address
end-to-end financial crime solutions
Leading the industry with solutions protecting challenger banks
and digital financial services offerings, NICE Actimize, a NICE
(Nasdaq: NICE) business and the leader in autonomous financial
crime management, was selected by Zenus Bank, San Juan, Puerto
Rico, to establish a cloud-focused financial crime strategy for
both anti-money laundering compliance and enterprise fraud
protections with its AML and Fraud SaaS Essentials solutions. Zenus
Bank, expected to open in the fourth quarter of 2019, was
established to make it easy to access, send, receive, and store
money in the United States from anywhere in the world without
requiring US residency.
Meeting end-to-end financial crime requirements in a cloud
environment, NICE Actimize SaaS AML and Fraud Essentials is a
robust, integrated AML-Fraud solution with a unified case manager
and highly sophisticated, agile analytics. Essentials achieves best
detection accuracy, a lower rate of false positives and high
operational efficiency. Essentials is based on the same NICE
Actimize solutions deployed in many institutions across the globe,
packaged and delivered out-of-the-box on a cost effective, easily
scalable Software-as-a-Service platform.
Zenus Bank will initially focus on such Essentials fraud
capabilities as ACH, Wire, and Debit Card fraud; and in anti-money
laundering, Zenus will utilize Suspicious Activity Monitoring,
Customer Due Diligence, and Watch List Filtering capabilities.
“Beyond first-mover advantage, we are creating a new marketplace
which will provide first-world banking products to most of the
world’s population from outside their country of residence or
incorporation. With such an ambitious objective, Zenus Bank has
made safeguarding future customers and strict adherence to global
regulatory compliance a priority in the early-stage development of
its global banking services offerings,” said Mushegh Tovmasyan,
Chairman & Founder, Zenus Bank. “Our mandate is to adopt a
robust financial crime protections policy that utilizes a modern,
cloud-based approach. With an industry leader like NICE Actimize
leveraging its years of experience and advanced technology, we are
confident that our customers will have an efficient user journey
and will enjoy doing business with us.”
“Our extensive experience in AML compliance and fraud
protections adapts well to the requirements of challenger banks -
especially one such as Zenus, which is disrupting the industry with
new and innovative approaches to global banking. We are pleased
that Zenus identified that the Essentials software-as-a-service
solutions will bring value to their organization,” said Craig
Costigan, CEO, NICE Actimize. “NICE Actimize will continue to
offer cutting-edge approaches to support the newest financial
product categories as they grow and succeed in their unique
approaches to financial services.”
NICE Actimize’s AML Essentials, a Software-as-a-Service (SaaS)
solution manages a range of banking activity across the entire
KYC-AML program that include processes for customer due diligence,
enhanced due diligence, transaction monitoring, customer and
message screening, and more. NICE Actimize Fraud Essentials is also
a cloud-based solution that offers real-time fraud detection,
cross-channel analysis, and multi-payment coverage, as well as
extensive fraud alert and case management. NICE Actimize Fraud
Essentials delivers a complete robust suite of fraud operations
tools to help detect fraud perpetrated against multiple payment and
transaction types.
For additional assets on NICE Actimize SaaS Essentials
solutions:
- For information on NICE Actimize AML Essentials, please click
here.
- For information on NICE Actimize Fraud Essentials, please click
here.
- For a YouTube Video on NICE Actimize AML Essentials, please
click here.
About Zenus Bank Zenus is an independent, American
digital bank, using award winning technology to provide customers
globally easy, intuitive, secure and competitive ways to get more
from their money. Zenus aims to give those doing business in
emerging economies an alternative to using local traditional banks
by offering a new, transparent, digital banking experience on par
with leading banks of the world. Zenus™ is a trademark of Zenus
Bank International, Inc. in the United States and elsewhere
internationally. Zenus Bank will not open any account or process
any transactions from countries which have been sanctioned by the
United States Department of the Treasury, Office of Foreign Assets
Control 'OFAC'. Zenus welcomes interested customers to sign up to
their waitlist to secure a spot on the queue and participate in
promotional campaigns. Find Zenus at www.zenus.com and @ZenusBank
via social channels.
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 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, 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/20190910005423/en/
Corporate Media 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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