Partnering with the X-Sight Marketplace,
BehavioSec will offer behaviorial biometrics that provide
continuous authentication to reduce fraud and risk across digital
channels
Helping financial services organizations keep up with a changing
market landscape, NICE Actimize, a NICE business (Nasdaq:
NICE) and leader in autonomous financial crime
management, today announced that BehavioSec, a pioneering vendor
behind behavioral biometrics, has joined the X-Sight Marketplace,
the industry’s first financial crime risk management-focused
ecosystem designed to assist financial services organizations
evaluate new point solutions and move to stay on top of a
challenging regulatory and criminal environment.
The X-Sight Marketplace leverages the X-Sight
Platform-as-a-Service and further expands the functionality offered
by the platform. The NICE Actimize X-Sight Platform-as-a-Service
offers a single, unified, cost-effective way for financial service
organizations to rapidly innovate and to introduce new services
while supporting best-in-class financial crime, risk and compliance
management capabilities.
Technology providers such as BehavioSec, in partnering with NICE
Actimize’s X-Sight Marketplace ecosystem, are reviewed for their
ability to complement financial crime and compliance solutions.
Once approved, software and service providers become available to
the NICE Actimize community via the X-Sight Marketplace. FSOs can
quickly browse through X-Sight Marketplace solution categories to
find scalable options that solve their unique business
problems.
BehavioSec Behavioral Biometrics helps financial services,
fintech, retail, and other customers defeat relentless attacks
utilizing stolen passwords and other weaponized online credentials.
BehavioSec comprehensively addresses identity, security and
usability imperatives by offering a GDPR-compliant anti-fraud edge
– BehavioSec’s software builds user profiles incorporating
individuals’ inherent behavior with no added interaction required.
Instantly comparing login attempts and session behavior against
these intrinsic user profiles,
Integrating data from BehavioSec into NICE Actimize Integrated
Fraud Management Platform, IFM-X, enables financial service
organizations to enrich customer data sets with behavioral
biometric data which helps to improve the accuracy of fraud
detection and reduce friction in authentication processes.
Behaviorial biometric data assists in detecting both unauthorized
fraud attacks, such as account takeover, and authorized fraud
schemes, such as social engineering consumers into sending money
under false pretenses.
“BehavioSec welcomes this partnership with NICE Actimize. We
have many customers in common which benefit from the frictionless,
deep and continual authentication the BehavioSec solution provides.
By building unique profiles which can’t be replicated, we give
joint customers deeper visibility into attempted online account
takeover and fraud,” said Neil Costigan, CEO,
BehavioSec. “By joining the NICE Actimize marketplace,
BehavioSec can offer customers an authentication solution which
integrates with their existing operations/analytic tools and
enables a frictionless mobile/web-based application experience. We
look forward to building our presence on this innovative community
platform.”
“We are excited that BehavioSec, which shares our common goal of
fighting financial crime and fraud through the benefits of a
marketplace ecosytem, is partnering with us and joining the X-Sight
Marketplace community,” said Craig Costigan, CEO, NICE
Actimize. “By connecting via a cloud environment,
community participants will experience a quicker time to value and
minimized integration cost as they evaluate new solutions for their
financial services organizations.”
Additional categories that will be added to NICE Actimize’s
X-Sight Marketplace from other partner participants will include:
ID Verification, Ultimate Beneficial Ownership, Value-added Data
& Adverse Media, Watchlist, Device Identification, and User
Authentication & Fraud. Additional partners will be announced
as the X-Sight Marketplace grows.
About BehavioSec BehavioSec is the first
vendor to pioneer behavioral biometrics. The company’s Behavioral
Biometrics Platform is widely deployed across Global 2000 companies
for its proven ability to dramatically reduce account fraud and
data theft. Founded in 2008 out of groundbreaking academic
research, BehavioSec technology allows companies, to continuously
verify digital identities with superior precision, in real-time.
Strengthened with the leadership of serial entrepreneurs and
experienced industry professionals, the BehavioSec team now spans
the world, providing security while preserving a rich digital
experience throughout web and mobile apps. BehavioSec is the only
enterprise-grade vendor used in global deployments with some of the
largest companies, reducing manual review whilst safeguarding
millions of users and billions of transactions. BehavioSec
investors include Forgepoint Capital, Cisco, ABN AMRO, Conor
Ventures and Octopus Ventures. BehavioSec is headquartered in San
Francisco, CA and has global operations throughout Europe and Asia
Pac. For more information, visit www.behaviosec.com.
For more information on the X-Sight Marketplace, please
click here.
If you are a technology company or financial institution wishing
to be part of the first financial crime and compliance marketplace,
please contact us at
info@niceactimize.com.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190903005363/en/
Corporate Media Contact 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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