NICE Actimize’s AML Essentials Chosen by TONIK to Support Launch of its Digital Banking Platform
February 19 2020 - 6:30AM
Business Wire
AML Essentials addresses the challenges of
online banking as Singapore-based TONIK launches its pure-play
neobank operation
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management, has been chosen by
TONIK, a leading Southeast Asia pure-play licensed digital
bank, to implement its Essentials Anti-Money Laundering solutions
and support the development of a secure banking environment for its
new customer base. TONIK, which was recently approved to establish
a regulated bank in the Philippines, is a transformative digital
bank working to revolutionize the way money works in Southeast
Asia. TONIK is one of the first digital-only banks in the region
providing retail financial products including deposits, loans,
current accounts, payments, and cards on a highly secure digital
banking platform.
AML Essentials, a cloud-based offering that is built upon NICE
Actimize’s proven, end-to-end anti-money laundering platform,
addresses the challenges of digital transformation and the online
banking environment in which TONIK is focused. AML Essentials
coverage includes Transaction Monitoring, Customer Due Diligence,
and Sanctions Screening capabilities. Leveraging the power and
experience of NICE Actimize’s enterprise solutions, AML Essentials
offers rapid deployment and reduces overhead to make compliance
easier and at a lower total cost of ownership.
“We are pleased to partner with industry-leader NICE Actimize to
support our launch of the first pure-play neobank digital platform
in the Philippines. We believe that digital banking is capable of
operating on a higher level of financial compliance than
traditional banks, and our partnership with NICE Actimize is
strongly indicative of the higher standard of trust, reliability
and compliance that we intend to foster in the digital banking
space across Southeast Asia,” said Greg Krasnov, Chief Executive
Officer & Founder, TONIK.
“As digital banking becomes more widely accepted, regulators
continue to examine compliance rules for this new banking channel.
We look forward to providing TONIK with the necessary support to
address the changing requirements that it may face throughout the
region. As innovators such as TONIK bring much needed banking
services to the Philippines and beyond throughout Southeast Asia,
NICE Actimize looks forward to launching its cloud-based anti-money
laundering solutions in support of its secure digital banking
platform,” said Craig Costigan, CEO, NICE Actimize.
For additional information on NICE Actimize’s Essentials
Anti-Money Laundering solutions, please click here.
About TONIK TONIK Financial Pte Ltd (www.tonikbank.com)
is the first digital-only bank in Southeast Asia, on a mission to
revolutionize the way money works in the region. It provides retail
financial products, including deposits, loans, current accounts,
payments, and cards on a highly secure digital banking platform.
TONIK is led by a senior team who have previously built and scaled
multiple digital and retail banks and fintechs across Global
Emerging Markets. Founded in 2018, TONIK is launching operationally
in 2020 in the Philippines through its own bank license, with
support and R&D functions based in Singapore and Chennai,
India. TONIK was seeded and built by FORUM (www.forum-cap.com), the
top fintech venture builder in Southeast Asia.
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/20200219005344/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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