NICE Actimize’s X-Sight Marketplace Boosts Financial Crime Ecosystem with Innovative AML and Intelligent Data Applications
February 20 2020 - 6:30AM
Business Wire
Data intelligence capabilities targeting money
laundering, with improved investigations technology, provide value
to FIs mapping complex suspicious activities
NICE Actimize, a NICE business (Nasdaq: NICE) and leader
in Autonomous Financial Crime Management, today announced that it
has added two new partners offering significant anti-money
laundering and data intelligence capabilities to its X-Sight
Marketplace, the first financial crime and compliance ecosystem
that connects financial services organizations with data,
applications, tools and service providers, providing both the value
of choice and the ability to reduce integration timelines.
The two new partners offering customized solutions for the
X-Sight Marketplace include Acuris Risk Intelligence, a provider of
data intelligence for anti-money laundering, anti-corruption and
cybersecurity; and Sayari Labs, a leading provider of beneficial
ownership and financial intelligence in emerging, frontier, and
offshore jurisdictions.
The two new Marketplace partner organizations offer the
following unique capabilities:
- Acuris Risk Intelligence, a supplier of proprietary data on
PEPs, sanctions and AML data for due diligence and compliance,
combines a world-class dataset – that also includes fraud and
cybersecurity content – with expert analysts and state-of-the-art
technology to help manage risk effectively. Clients access its
intelligence via a SaaS platform, or via API and feed technology,
therefore risk protection is built into the way they operate. The
company’s focus areas include third-party and anti-corruption risk,
AML and KYC due diligence and monitoring, and the proactive
detection of cybersecurity risk. “A chief concern to financial
services organizations today is the high cost and effort of
compliance and risk data management. Acuris Risk Intelligence
offers highly effective solutions to break down that barrier and
create a world where business relationships are safe by default. We
are excited to bring these innovations to the NICE Actimize X-Sight
Marketplace,” said Joel Lange, Managing Director, Acuris Risk
Intelligence.
- Sayari Labs provides data intelligence platforms to power the
fight against financial crime, increases corporate transparency in
high-risk places, and supports critical national security mission
sets. Sayari Graph is the first purpose-built platform for
navigating the complexity of global commercial relationships,
allowing for a complete picture of customers, vendors, and third
parties, all while maintaining provenance back to primary source
documents. Graph enables users to quickly navigate complex,
cross-border corporate structures with network visualizations
powered by custom graph-based matching and entity resolution
models, built on a foundation of investigative and regional domain
expertise. The company’s products are delivered as a multi-tenant
cloud application with an intuitive user interface, REST API, data
feeds, and on-prem deployment models.“Time and accuracy are
critical components particularly in AML and financial crime, and
our intelligence solutions are designed to quickly provide insights
in opaque and hard target countries where securing data is often
difficult or nearly impossible. We look forward to developing
relationships with customers in the NICE Actimize X-Sight
Marketplace who would benefit from our ability to provide swift and
accurate identity intelligence,” said Benjamin Power, COO,
Sayari Labs, Inc.
“Change in financial crime has been both constant and rapid, and
the industry has clearly demonstrated its need for immediate access
to advanced financial crime-solving solutions, particularly in
fraud and anti-money laundering,” said Craig Costigan, CEO, NICE
Actimize. “The X-Sight Marketplace continues to meet this
challenge by offering specialized capabilities that provide time to
value, and a single, unified, cost-effective way for FSOS to
rapidly innovate while supporting best-in-class financial crime,
risk and compliance management capabilities. With the continuing
growth and expansion of the X-Sight Marketplace, partners such as
Acuris Risk Intelligence and Sayari Labs support these
requirements.”
NICE Actimize’s X-Sight Marketplace currently has nearly 40
partners in its growing ecosystem, with offerings addressing such
categories as customer & counterparty intelligence, data
management, device & channel intelligence, identity
verification, screening & adverse media, user authentication
& fraud, CDD/KYC, transaction monitoring, and alert & case
management.
For more information on the X-Sight Marketplace, please click
here.
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, 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/20200220005349/en/
Corporate Media: Cindy Morgan-Olson, +1-551-256-5000 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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