The 2017 RiskTech Quadrants® measure market
potential and completeness of offering in trader surveillance,
enterprise fraud, anti-money laundering and KYC
NICE Actimize, a NICE (Nasdaq:NICE) business, and the
industry's largest and broadest provider of a single financial
crime, risk and compliance software platform for the financial
services industry, announced today that Chartis Research has
recognized NICE Actimize as a category leader across four major
RiskTech Quadrants® in its 2017 Financial Crime Risk Management
Systems report. NICE Actimize was placed as category leader, a
ranking that measures vendors’ completeness of offering and market
potential, in four core RiskTech Quadrants® including Enterprise
Fraud technology solutions, Anti-Money Laundering (AML) solutions,
Know-Your Customer (KYC) systems, and Trader Surveillance
systems.
Chartis Research provides research and analysis on the global
market for risk management technology. Its RiskTech Quadrant®
category leaders are defined as risk technology vendors with the
necessary depth and breadth of functionality, technology and
content, combined with the organizational characteristics, to
capture significant market share by volume and value. Category
leaders will typically demonstrate a clear strategy for
sustainable, profitable growth, matched with best-in-class
solutions, and will possess the range and diversity of offerings,
sector coverage and financial strength to be able to absorb demand
volatility in specific industry sectors or geographic regions.
"Financial services organizations are exposed to an
ever-increasing range of risks and operational challenges. NICE
Actimize continues to invest in our platform, including entity
resolution and other core components, while implementing artificial
intelligence, advanced analytics, machine learning and robotic
process automation across our solutions portfolio,” said Joe
Friscia, President of NICE Actimize. “Once again, Chartis
recognizes NICE Actimize's ongoing commitment to innovation and
supporting financial services organizations as they manage
financial crime risk management in their operations.”
According to the Chartis Research report, several trends are
increasingly shaping financial institutions’ (FIs’) Financial Crime
Risk Management (FCRM) requirements against a background of rising
financial crime and shifting regulatory pressures. These trends
include: greater numbers of regulatory reports, more complex
relationships involving correspondent banking, and Open Application
Programming Interface (API) banking.
“Tackling these issues effectively will take the considered use
of technology, people and process – all as budgets continue to
tighten and financial crime gets more sophisticated,” said Sid
Dash, Research Director, Chartis Research. “Several technologies
are proving useful, but three in particular – platforms/databases,
AI and entity resolution – are emerging as key elements in the
development of effective new FCRM systems. To make best use of
them, FIs must match them to appropriate use cases, and employ
suitability analysis, backtesting and explicable
methodologies.”
Chartis Research notes that its category leaders also tend to
benefit from strong brand awareness, a global reach, and strong
alliance strategies with leading consulting firms and systems
integrators. Category leaders can also typically demonstrate an
appetite for ongoing investment in innovation, often matched by
deep pockets and a strong financial performance. Ultimately,
category leaders combine deep domain knowledge in various risk
topics with deep technology assets and capabilities
For more information on NICE Actimize’s proven Financial Crime
Enterprise Solutions, please visit our web site, by clicking
here.
About Chartis ResearchChartis Research is the leading
provider of research and analysis on the global market for risk
technology. It is part of Infopro Digital, which owns
market-leading brands such as Risk and Waters Technology. Chartis'
goal is to support enterprises as they drive business performance
through better risk management, corporate governance and
compliance, and to help clients make informed technology and
business decisions by providing in-depth analysis and actionable
advice on virtually all aspects of risk technology. RiskTech
Quadrant® and RiskTech100® are registered trademarks of Chartis
Research (http://www.chartis-research.com).
About NICE ActimizeNICE 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 NICENICE (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 StatementsThis 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. Friscia and Mr. Dash,
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: http://www.businesswire.com/news/home/20170825005010/en/
NICE ActimizeCorporate MediaCindy Morgan-Olson, +1
551-256-5202cindy.morgan-olson@niceactimize.com,
ETorInvestorsMarty Cohen, +1 551-256-5354ir@nice.com,
ETorYisca Erez +972 9 775 3798ir@nice.com, CET
NICE (NASDAQ:NICE)
Historical Stock Chart
From Mar 2024 to Apr 2024
NICE (NASDAQ:NICE)
Historical Stock Chart
From Apr 2023 to Apr 2024