Bringing together AI, machine learning and
superior domain expertise, the expansion will optimize efficiency
in key growth areas for the institution
NICE Actimize, a NICE (NASDAQ: NICE) business, today
announced that it was chosen by Desjardins Group, Canada’s leading
financial cooperative with more than 7 million members and $300
billion in total assets, to provide modernization and expansion for
the institutions’ financial crime compliance program and
operations. Reaffirming its long-term commitment to NICE Actimize
solutions, Desjardins is significantly updating its investments
with a next-generation, consolidated anti-money laundering
platform, advanced productivity tools, and a robust, highly
automated case management platform.
Bringing together AI, machine learning, advanced analytics and
superior domain expertise, the Desjardins expansion will optimize
analysts’ efficiency and boost coverage in key growth areas for the
institution.
The Desjardins updates will center around three key NICE
Actimize solutions areas. In anti-money laundering, Desjardins will
move from its current NICE Actimize solutions’ footprint to fully
transition to its newest agile, advanced offerings including
Suspicious Activity Monitoring (SAM), CDD/KYC, and Watch List
Filtering.
Desjardins will also empower its financial crime strategy with
an advanced case management platform. NICE Actimize’s ActOne and
ActOne Extend will provide a unified view of risk and an optimized
investigation process across the enterprise, enabling analysts to
make better and faster decisions. Last, NICE Actimize’s
Productivity Studio will help Desjardins to improve operational
efficiency with out-of-the-box dashboards and performance metrics
that equip managers to identify and act on process bottlenecks.
“NICE Actimize has partnered with Desjardins for many years, and
we are proud to continue our journey to protecting the institution,
their clients, and assets with our advanced suite of financial
crime solutions,” said Craig Costigan, CEO, NICE Actimize.
“Our strong domain expertise and advanced technology, combined
with our familiarity with Desjardins’ business requirements, will
build a more efficient financial crime fighting operation for the
cooperative as we move forward.”
“Desjardins is excited to update its existing footprint in
financial crime management, adopting AI and the other advanced
technologies we need to succeed on behalf of our member
institutions. As we leverage our ongoing partnership, we are
confident that NICE Actimize’s depth of experience and technology
leadership will bring us the efficiencies we need to grow,” said
Véronique Bégnoche, Vice-President, Security Governance,
Projects and Analytics, Desjardins Group. “Today’s challenges
require agility, broad domain expertise, and the ability to manage
our growing demands around data. NICE Actimize’s suite of advanced
financial crime solutions will significantly improve our
investigators’ efficiency, contain costs and stay current with the
ever-growing challenges of financial crime fighting.”
About Desjardins Desjardins are a financial services
cooperative – the largest federation of credit unions in North
America. They were founded in 1900 in Levis, Quebec (directly
across the St. Lawrence River from Quebec City). Desjardins
currently consists of 238 local credit unions operating over 900
total branches and serving more than 7 million clients in Quebec
and Ontario, with over $300 Billion in total assets and over 47,000
employees.
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. 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,”
“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; he 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/20201117005573/en/
Corporate Media: Cindy Morgan-Olson, +1 646 408 5896, 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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