The SPARK Matrix™ for Trade Surveillance shows
NICE Actimize as the highest-scoring vendor across Technology
Excellence and Customer Impact metrics
NICE Actimize, a NICE (Nasdaq: NICE)
business, has been ranked by global advisory and consulting
firm Quadrant Knowledge Solutions as the overall global Technology
Leader in its report titled “SPARK Matrix™: Trade Surveillance and
Monitoring, 2020”. The Quadrant Knowledge Solutions research
report, which provided competitive analysis and a ranking of 9
global trade surveillance vendors in the form of its proprietary
SPARK Matrix, scored NICE Actimize highest across Technology
Excellence and Customer Impact performance metrics.
The Quadrant Knowledge report, in positioning NICE Actimize and
its SURVEIL-X Holistic Surveillance Suite as the leader, cited
numerous strengths, noting, “NICE Actimize product strategy and
roadmap is centered around the themes of complete coverage,
precision detection, and intelligent investigations. The company is
making continued investment in AI and customer-enabled,
self-development tools for both traditional and ML-based models.
With the focus on providing proactive surveillance, the company
continues to enhance its automation capability by leveraging AI
& expert user feedbacks and shares the knowledge with its
customers via federated learning.”
The report also stated, “The company also offers advanced
machine learning and anomaly detection to identify real risks and
help organizations to significantly reduce false positives. NICE
Actimize’s capability to provide data integration with over 150
real-time data feeds and ingest third-party data is also among the
key differentiators. Additionally, the company's industry-leading
integrated case management capability is widely recognized amongst
its customers.”
“Driven by complex regulatory compliance and increasing
instances of market abuse, vendors are offering holistic Trade
Surveillance & Monitoring solutions with 360-degree
surveillance,” explained Maria Gonsalves, Senior Analyst,
Quadrant Knowledge Solutions. “These trade surveillance
solutions monitor & analyze transactions, communications, and
behavioral patterns to provide enhanced detection and comprehensive
investigations. The 360-degree approach to Trade Surveillance &
Monitoring increases true positives, decreases false positives, and
enables firms to better identify patterns within trade
surveillance. Demand for robust trade surveillance solutions that
gather data from all different channels such as trade and order
data, social networking sites data, voice communications and
behavioral data is increasing rapidly. NICE Actimize is a clear
leader in delivering these capabilities.”
“We thank Quadrant Knowledge for providing recognition for the
innovation within our markets surveillance suite,” said Chris
Wooten, Executive Vice President, NICE. “We continue to make
significant investments across our entire compliance and
surveillance portfolio, with a focus on further developing
artificial intelligence-based solutions that enhance the efficiency
of surveillance programs and reduce the cost of compliance. As we
work to fight misconduct, meet ever-changing regulatory
requirements, and reduce risk to financial services organizations,
our customers can expect continued advancements from us within
these areas.”
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot
of key market participants and a visual representation of their
positioning, along with strategic insights on how each vendor ranks
related to their competitors along several axes representing a
range of performance parameters coinciding with technology
excellence and customer impact. These coordinates are then used to
create the final SPARK Matrix.
To download a complimentary copy of the Quadrant Knowledge
“SPARK Matrix™: Trade Surveillance and Monitoring, 2020,” please
click here.
For more information on SURVEIL-X visit
www.holisticsurveillance.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 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. Wooten, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201102005392/en/
Corporate Media: Cindy Morgan-Olson, +1 551 256 5000, ET,
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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