Partnering with the X-Sight Marketplace,
Whitestream offers blockchain-based compliance solutions that can
monitor cryptocurrency fraud and market abuse
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 Whitestream a blockchain analytics firm, 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.
Whitestream, experts in extracting knowledge using blockchain
analysis technology, addresses crypto-currency fraud and monitors
market abuse on the blockchain, accomplishing this by generating
alerts on trading frequencies, holding periods and
watchlist/restricted lists. A Whitestream rating engine also helps
market participants identify the most reliable entities on the
blockchain. A unique algorithm analyzes traffic to map the bitcoin
network and find blockchain "safe" areas, protecting participants
from market abuse.
Technology providers such as Whitestream, 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.
“Whitestream welcomes this partnership with NICE Actimize as we
bring innovation and business value to financial services and
organizations looking to adapt the power of blockchain analysis to
their financial crime compliance operations, said Itsik Levy,
CEO and co-founder, Whitestream. “There is strong synergy and
alignment between the industry-leading financial crime solutions
and platforms that NICE Actimize offers its community and
Whitestream. We look forward to building our presence within this
innovative community platform.”
“We are excited that Whitestream, 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:
ID Verification, 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 Whitestream Whitestream is a leading blockchain
analysis company. Underlying Whitestream is a deep blockchain
indexing technology and API data platform that help various
financial service providers and organizations to quickly
accommodate tailored blockchain compatible functionality for AMLCFT
compliance purposes, fraud detection, data enrichment and more.
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190919005285/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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