X-Sight allows financial services organizations
to adapt to changing needs with the power of native cloud,
machine-led detection and self-learning capabilities
For the third consecutive year, NICE Actimize, a NICE
(Nasdaq: NICE) business and the industry leader in Autonomous
Financial Crime Management, was named “Best Financial Crime
Prevention Technology” category winner in Financial Technologies
Forum / FTF News 2020 Technology Innovation Awards. The final award
winners for this year’s competition were determined by votes cast
online by FTF News’ readers and industry participants. The 2020 FTF
Technology Innovation Awards honor software, services and systems
that help firms withstand an onslaught of state-of-the-art
financial crime.
Offering the industry’s broadest line of financial
crime-fighting solutions, NICE Actimize excelled this past year
with important updates to Autonomous Financial Crime Management,
including its cloud-based X-Sight Financial Crime Risk Management
Platform-as-a-Service which offers a single, unified,
cost-effective way for financial service organizations to rapidly
innovate and introduce new services while supporting best-in-class
financial crime, risk and compliance management capabilities.
The award-winning X-Sight Platform-as-a-Service stays ahead of
money laundering, fraud and financial crime activities with better,
faster ways to identify new attack vector patterns, recognizing
activity associated with these patterns, and taking appropriate
action when a pattern of interest is identified.
Craig Costigan, CEO, NICE Actimize, said, "As
financial services organizations adapt to changing patterns in
financial crime, the X-Sight Financial Crime Risk platform provides
a host of benefits, including its data-driven, machine-led
analytics, and allows them to adapt and scale to meet growing
operational requirements. We thank the readers of FTF News for
their continuing confidence in our financial crime risk solutions
and platforms.”
Maureen Lowe, Founder and President, FTF News, said,
“This year’s competition was one of our largest awards competitions
ever, featuring more than 75 nominated organizations.
Congratulations to those firms, such as NICE Actimize, that
demonstrated leadership and innovation in a highly competitive
field during a very challenging time. Our winners should be proud
of their accomplishments which also reflect their dedication and
service to our industry.”
Also contributing to its leadership in the financial crime
category this year, NICE Actimize launched significantly updated
versions of the financial crime solutions contained in its
Autonomous Financial Crime Management portfolio. Among these were
SURVEIL-X, the Industry’s first AI-powered, cloud-native, true
holistic surveillance solution suite and CDD-X, the next-generation
Know Your Customer/Customer Due Diligence (KYC/CDD) solution which
is the latest addition to the Actimize Autonomous AML solution
set.
About Financial Technologies Forum Financial Technologies
Forum, LLC (FTF) is the place to learn from, market to and interact
with the people and companies that are driving the post-trade
processing industry. FTF is committed to being a timely and
reliable source for thought-leading opinions and insights, valuable
news and effective training for everyone in post-execution
operations. For vendors to this industry, the forum provides an
efficient, cost-effective platform from which to generate
top-of-mind awareness among their target markets via content
marketing, sponsorships, webinars, advertising and much more.
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/20201110005558/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, NICE Actimize, cindy.morgan-olson@niceactimize.com, ET
Investors: Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Yisca Erez, +972 9 775 3798, ir@nice.com, CET
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