Powered by augmented intelligence, NICE
Actimize’s IFM-X platform was selected for its advanced automation
capabilities which provide more efficient operations
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management, today announced
that its Integrated Fraud Management platform, IFMX, has been named
the winner of the “Fraud Prevention Innovation” Award by FinTech
Breakthrough, an independent organization that recognizes the top
companies, technologies and products in the global FinTech market
today. Leading the “Fraud Prevention Innovation” category with its
advanced automation capabilities which streamline operations and
reduce cost for more efficient fraud management, NICE Actimize’s
IFM-X Integrated Fraud Management platform is receiving this honor
for the second consecutive year.
The FinTech Breakthrough Awards is the premier awards program
founded to recognize FinTech innovators, leaders and visionaries
from around the world in a range of categories, including Banking,
Personal Finance, Lending, Payments, Investments, RegTech,
InsurTech and many more. The 2020 FinTech Breakthrough Awards
program attracted more than 3750 nominations from across the
globe.
“Fraud prevention and authentication management is a competitive
category, and it is rare for an organization to earn these honors
across two consecutive years. We were thrilled to recognize NICE
Actimize as a leading innovator distinguishing itself among this
crowded field with its IFM-X platform. Congratulations to the
entire NICE Actimize fraud team for this well-deserved industry
recognition,” said James Johnson, Managing Director, FinTech
Breakthrough.
“NICE Actimize’s industry-proven experience and broad range of
enterprise fraud applications are helping financial services
organizations in their journey to adapt to a rapidly changing
environment, saving both time and money in the process,” said
Craig Costigan, CEO, NICE Actimize. “With our deep expertise
combined with artificial intelligence and other advanced
technologies, we are supporting financial services organizations as
they cope with this complex environment. We thank FinTech
Breakthrough for recognizing our innovation during this pivotal
time in our industry.”
NICE Actimize’s IFM-X platform leverages automation and machine
learning to optimize effectiveness while reducing the total cost of
implementing and operating an enterprise fraud risk management
system. With IFM-X, financial institutions can easily integrate
limitless data into their fraud detection systems and utilize agile
advanced analytics while optimizing fraud operations
efficiency.
With its easy data integration capabilities, IFM-X utilizes
automated tools and a real-time big data repository, to allow
financial institutions to integrate new data sources, both
structured and unstructured, to their fraud hub in minutes.
Additionally, ActOne Case Management function within the IFM-X
platform moves financial institutions beyond transaction-based
analysis to a visual holistic view of entity risk for faster,
simpler and more precise resolution providing massive efficiency
gains for operations teams.
For additional information:
- For more on NICE Actimize’s IFM-X Platform, please click
here.
- To review an IFM-X YouTube video, please click here.
- For more on NICE Actimize’s X-Sight Platform-as-a-Service,
please click here.
- For more on NICE Actimize’s Fraud Augmented Intelligence,
please click here.
About FinTech Breakthrough Part of Tech Breakthrough, a
leading market intelligence and recognition platform for technology
innovation and leadership, the FinTech Breakthrough Awards program
is devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards
provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking, Lending,
RegTech, InsurTech and more. For more information visit
FinTechBreakthrough.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 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/20200319005250/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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