NICE Actimize Adds Innovative Applications to X-Sight Marketplace Which Provide Digital Insights to Detect Fraud & Suspicious...
March 24 2020 - 6:30AM
Business Wire
New additions include capabilities that collect
and connect open-sourced digital clues as well as solutions which
detect check, credit card and mobile fraud
NICE Actimize, a NICE business (Nasdaq:
NICE) and leader in Autonomous Financial Crime Management,
today announced that two new partners offering unique financial
crime fighting solutions have joined 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 new partners offering customized solutions for the X-Sight
Marketplace include Digital Clues, a provider of digital
intelligence solutions; and SQN Banking Systems, an innovative
check fraud solutions provider that serves a range of financial
institutions from large to mid-tier and community banks.
- Digital Clues, a provider of digital intelligence solutions,
has evolved the world of web and open-source intelligence to serve
as a central investigation hub for analysts across a wide range of
global industries. Digital Clues' technology collects and connects
digital clues from open sources around the web and beyond to
generate insights regarding various illegal or otherwise suspicious
activities. Within the process of opening a new account of any
type, the Digital Clues platform allows identity detection by web
presence profiling. It enriches new accounts with a 360-degree view
of its online presence, working to verify its authenticity, to
identify unusual activity, and to conduct social relationship
analysis. Once a suspicious activity is detected, a profound
analysis is performed, combining both internal and web sources.
Multiple investigation events may be combined into one case with
explicit connections, during which new leads are revealed, as the
entire analysis process is visualized through a comprehensible
intelligence map. “Digital Clues has been an intelligence and
national security market leader of digital web and open-source
intelligence solutions for more than ten years. Our advanced
technology creates a comprehensible intelligence map for complex
suspicious activities in all verticals, thereby preventing
malicious attempts and actions," said Yossi Ofek, CEO, Digital
Clues AG.
- SQN Banking Systems, delivering innovative check fraud and
workflow solutions that serve a range of financial institutions
from large, to mid-tier and community banks, offers on-premise
applications and hosted solutions for fraud protection and
signature verification. SQN Banking solutions detect check, credit
card and mobile fraud with a range of systems and services that
includes image fraud analysis, signature verification, transaction
fraud analysis, official check verification, mobile signature
capture, safe deposit management and conversion services. “Systems
and workflows that provide fraud protections and methods for
prevention are essential in today’s ever-changing business
environment, and we are pleased to add our unique approach to
fighting fraud and forgery to the NICE Actimize X-Sight
Marketplace, known for its industry-leading fraud solutions and
platform,” said Joe Uhland, President, SQN Banking Systems.
“Using sophisticated algorithms and real-time detection solutions,
we help our clients effectively prevent check and payments fraud.
We look forward to providing these applications to the X-Sight
Marketplace.”
“The financial services 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 a 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 Digital
Clues and SQN Banking Systems advance these requirements.”
NICE Actimize’s X-Sight Marketplace currently has more than 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200324005319/en/
Corporate Media Contact: 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
NICE (NASDAQ:NICE)
Historical Stock Chart
From Mar 2024 to Apr 2024
NICE (NASDAQ:NICE)
Historical Stock Chart
From Apr 2023 to Apr 2024