NICE Actimize to Acquire Guardian Analytics, Expanding AI Cloud Solutions for Financial Crime Risk Management Across All Mark...
June 04 2020 - 7:30AM
Business Wire
Acquisition revolutionizes financial crime risk
management, introducing the market’s most comprehensive cloud
platform with best-in-class machine learning and analytics for
financial services organizations of all sizes
Financial services organizations of all sizes must remain one
step ahead of financial crime. To enable this NICE Actimize
(Nasdaq: NICE) a leader in Autonomous Financial Crime
Management, announces that it has entered a definitive agreement to
acquire Guardian Analytics, a leading AI cloud-based
financial crime risk management solution provider. Financial
services organizations of all sizes rely on Guardian Analytics’
sophisticated real-time behavioral analytics and machine learning
solutions. Powered by the cloud, Guardian Analytics simplifies
deployments and ongoing operations, optimizing operational resource
efficiency. The unique combination of NICE Actimize and Guardian
Analytics’ fraud and anti-money laundering capabilities will
empower firms of all sizes to accelerate the adoption of the
industry’s most innovative solutions, to best protect their assets
and customers.
The combination delivers:
- The most complete cloud platform: Best-in-class AML and
fraud capabilities in the cloud for complete financial crime and
compliance coverage.
- The most advanced analytics and machine learning
capabilities: Dynamically adapts to new attacks and changes in
customer behavior with real-time behavior-based analytics and
machine learning, enabling higher detection accuracy, lower false
positives, and 360 degree view to maximize operational
efficiency.
- Quick cloud setup: Fast and easy deployment,
significantly reducing time and cost with out of the box AML and
fraud models and data connectors.
This combination will extend NICE Actimize's offering across the
entire financial services sector, enabling firms of all sizes, from
small and mid-sized banks to global financial institutions, to
benefit from NICE Actimize’s world-class financial crime and
compliance solutions.
“Today, NICE Actimize is taking a significant step forward in
advancing the future of managing financial crime risk,” said Craig
Costigan, NICE Actimize CEO. “With criminals seeking to exploit the
current environment, we need to make sure financial institutions
and consumers are protected in a way that’s cost-effective and
intuitive. The acquisition of Guardian Analytics brings together
the unique combination of proven expertise, best-in-class
innovation, and the power of the cloud, presenting a major
opportunity for accelerated growth. I am excited to embark on this
journey in advancing the industry’s fight against financial
crime.”
“We are excited to join forces with NICE Actimize and look
forward to the opportunities that the combination of our expertise
and capabilities will bring to market,” said Eric Tran-Le, Guardian
Analytics Co-CEO. “Financial services organizations need to stay
ahead of today’s threats and our unique offerings enable firms to
rely on a single provider to accelerate their financial crime risk
management strategies, especially given the dynamic nature of
today’s market.”
The acquisition is expected to close in the latter part of Q4
2020.
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.
https://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 Craig 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,” “seek,” “may,” “will,” “intend,” “should,”
“project,” “anticipate,” “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 changes in economic and
business conditions, including as a result of the COVID-19
pandemic; competition; successful execution of the Company’s growth
strategy; success and growth of the Company’s cloud
Software-as-a-Service business; 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; the Company’s dependency
on third-party cloud computing platform providers, hosting
facilities and service partners;, cyber security attacks or other
security breaches against the Company; the effect of newly enacted
or modified laws, regulation or standards on the Company and our
products and various other factors and uncertainties discussed in
our filings with the U.S. Securities and Exchange Commission (the
“SEC”). 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 SEC, 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/20200604005343/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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