PT Bank Mayapada will rely on NICE Actimize’s
automated investigation management to update its AML programs and
meet the needs of local regulators
NICE Actimize, a NICE (Nasdaq: NICE)
business and the leader in autonomous financial crime
management, has been chosen by PT Bank Mayapada Internasional, Tbk,
Jakarta, Indonesia, to launch full-scale
improvements within its financial crime operations with anti-money
laundering compliance and investigation management solutions that
employ artificial intelligence and machine learning technology. To
more effectively meet the needs of its regulators, Bank Mayapada
will implement an array of components from NICE Actimize’s
Autonomous Anti-Money laundering portfolio, including Suspicious
Activity Monitoring, Customer Due Diligence and Watchlist Filtering
solutions.
Working with Q2 Technologies as its implementation partner, Bank
Mayapada will adopt NICE Actimize’s anti-money laundering portfolio
to mitigate the risk in a range of anti-money laundering
activities, while supporting the institution’s own “zero-tolerance”
policy against anti-money laundering financial crime.
“Our investment in NICE Actimize’s anti-money laundering and
investigation management solutions, well respected by the industry
and regulators, will provide us a roadmap for the future, to both
minimize risk and meet the needs of regulators,” said
Chandra Kurniawan, Compliance Head of Bank
Mayapada. “Offering complete end-to-end capabilities
that enrich our anti-money laundering efforts and strengthen our
programs, NICE Actimize’s innovations in machine learning and
advanced case management will enable us to improve our entire
financial crime operations effectiveness and efficiency.”
“Bank Mayapada has placed its confidence, and the care of its
customers, in NICE Actimize’s Autonomous Financial Crime Management
approach,” said Craig Costigan, CEO, NICE
Actimize. “Regulatory agencies across the globe have
recently been encouraging financial institutions to explore the
methods that AI and machine learning offer that could improve their
compliance programs, provide increased accuracy and productivity,
and create a clear path to supporting ever-changing regulatory
requirements. We look forward to working with Bank Mayapada, and
our regional partner Q2, on its journey.”
NICE Actimize Autonomous AML Bank Mayapada
will rely on NICE Actimize’s Autonomous AML suite to modernize its
AML programs while creating a single integrated view of the
customer. The NICE Actimize KYC/CDD solution is the latest addition
to the Actimize Autonomous AML solution set that leverages the
power of artificial intelligence and machine learning to provide
more accurate detection and customer risk scoring to reduce
compliance risk. Significant reduction in operational costs are
realized through the innovative use of visualization and
purpose-built intelligent automation to streamline customer review
times by up to 70 percent.
NICE Actimize's Suspicious Activity Monitoring (SAM) solution,
which combines machine learning analytics for laser-accurate
detection with intelligent automation, significantly reduce
false-positives and virtually eliminates costly manual data
gathering tasks, thereby increasing team productivity and reducing
investigation time. The SAM solution introduced NICE Actimize's
innovative concept of Autonomous Financial Crime Management to the
anti-money laundering category for the first time.
Additional assets:
- For NICE Actimize’s Autonomous Anti-Money Laundering solutions,
including CDD-X and SAM 9, please click here.
About PT Bank Mayapada Internasional, Tbk PT
Bank Mayapada Internasional, Tbk was founded on September 7th, 1989
in Jakarta, Indonesia. Bank Mayapada was legitimately recognized by
The Ministry of Law of the Republic of Indonesia on January 10th,
1990 and has officially operated since March 16th, 1990. Since
March 23th, 1990 the company was officially regarded as a general
bank, followed by permit of Bank Indonesia to operate as foreign
exchange bank in 1993. Bank Mayapada decided to go public in
1997.
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/20190912005342/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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