New X-Sight Marketplace partners provide
dedicated, free support and customized solutions aligned to boost
operational efficiency
NICE Actimize, a NICE business (Nasdaq:
NICE) and leader in Autonomous Financial Crime Management,
today announced that two new X-Sight Marketplace partners are
offering a range of free tools and services designed to boost
operational efficiency of AML investigations during the onslaught
of COVID-19 related demands. The two partners focus on automation
and screening requirements, leveraging advanced next-generation
technologies. The NICE Actimize X-Sight Marketplace is 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 targeting
anti-money laundering capabilities for the X-Sight Marketplace
include Quantifind, a provider which drives automation and
efficiency for financial crime applications by modeling predictive
signals from public domain data, and KYC2020 LLC, a firm which
focuses on sanctions screening requirements of small and
medium-sized firms with next-generation technology.
Quantifind is offering the use of its Batch API software service
which will allow financial institutions to triage daily alerts and
to focus limited resources where there is the highest risk. "During
this time, when we need to work together, we are working with
financial institutions to help them focus and increase operational
efficiency,” says Ari Tuchman, Ph.D., CEO and Co-founder,
Quantifind. “We look forward to working with the NICE Actimize
Marketplace team to deliver exceptional support during this
challenging period.”
Another X-Sight Marketplace partner, KYC2020 LLC, offers a number of options to firms that include
a free one-hour consultation and free toolkit that allows them to
conduct an AML/CFT risk assessment and to identify the sanction and
PEP watchlists they should be screening. These tools also help
design AML programs and conduct reviews.
“During these uncertain times, it is key that small and
medium-sized organizations have access to affordable services and
solutions that help them remain compliant and keep their businesses
protected,” said Rajeev Bahri, CFA, CAMS, Co-Founder
and Managing Director of KYC2020, LLC. “Our network of
qualified CAMS™ certified AML specialists look forward to
partnering with NICE Actimize and supporting its customers through
its advanced Marketplace ecosystem.”
“With the COVID-19 environment placing significant demand on our
customers, we are working together with our Marketplace partners to
address operational risk and burgeoning regulatory compliance
challenges for financial services organizations of all sizes,” said
Craig Costigan, CEO, NICE Actimize. “The X-Sight Marketplace
continues to offer specialized capabilities which support
best-in-class financial crime, risk and compliance management.”
Quantifind, which provides an AI solution for anti-money
laundering and fraud detection, uniquely discovers risk by
combining internal financial institution data with public domain
data. Built on a decade of proprietary machine learning
infrastructure, Quantifind's solutions have demonstrated the
ability to automate approximately 60% of a large investigative
team's alerts triage workflow and to improve manual investigative
efficiencies by up to 30-50%. Quantifind’s solutions have also been
used to discover unknown network links in FBI investigations.
KYC2020 leverages next-generation technology to reduce the cost
and friction associated with traditional compliance solutions and
speeds customer onboarding. KYC2020’s current solutions include a
global watch list and PEP database, a watchlist filtering service,
and a sanction screening decision service. Customers can license
KYC2020’s watchlist data to use with existing screening solutions
or its cloud-based screening service for watchlist filtering and
scoring, or let its intelligent systems manage its sanction
screening decision service.
NICE Actimize’s X-Sight Marketplace currently has more than 45
partners in its growing ecosystem, with offerings addressing such
categories as customer and counterparty intelligence, data
management, device and channel intelligence, identity verification,
screening and adverse media, user authentication and fraud,
CDD/KYC, transaction monitoring, and alert and 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,”
“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/20200605005118/en/
Corporate Media: Cindy Morgan-Olson, +1-646-408-5896,
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
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