The inaugural IDC MarketScape cites that the
NICE Actimize platform is proven to work at extreme scale with high
performance and reliability and that its AI-enabled alert and case
management can provide efficiency gains across fraud operations
teams
NICE Actimize, a NICE business (Nasdaq:
NICE) and a leader in Autonomous Financial Crime Management,
today announced that IDC, a global provider of market intelligence,
has named NICE Actimize a Leader in the inaugural “IDC MarketScape:
Worldwide Enterprise Fraud Management in Banking 2020 Vendor
Assessment.” (Doc #US45617020 July 2020).
Steven D’Alfonso, Research Director, IDC Financial
Insights, said, “Banks should consider fraud as a
strategic priority within the overall digital transformation
strategy of the organization. Forward-looking banks view fraud
management as an important component of managing the customer
experience, leveraging fraud analytics to enhance product and
service offerings. The growth of digital and mobile banking as well
as expanding ecommerce and digital payments necessitates that banks
can identify potential fraud in real time. In addition, they must
be agile enough to quickly adapt to changing fraud threats and
trends, identify suspicious activity across channels, and detect
organized ring activity. Congratulations to NICE Actimize on its
strong performance in this report.”
The report’s profile noted that “NICE Actimize specializes in
delivering comprehensive enterprise fraud applications for the
banking industry. It provides a full suite of products in its
Integrated Fraud Management (IFM) platform. IFM-X is the company's
next-generation IFM platform designed to leverage automation and
machine learning to streamline its bank customers' enterprise fraud
management operations.”
Summarizing NICE Actimize’s strengths in Enterprise Fraud, the
IDC MarketScape Enterprise Fraud Management report cited several
key areas, noting, “The NICE Actimize platform is purpose built for
traditional financial services organizations and is the primary
market that the company serves; however, its agility means it can
also provide benefit to nonbank financial institutions. The
platform is proven to work at extreme scale with high performance
and reliability. AI-enabled alert and case management can provide
efficiency gains across fraud operations teams.”
In addition, the report also stated that “NICE Actimize offers a
managed analytics service leveraging data gathered through its
regionally based fraud intelligence service, ActimizeWatch. The
benefit of this to buyers is that new fraud detection models and
features can be delivered to bank fraud teams based on data
gathered across the industry.”
Craig Costigan CEO, NICE Actimize, stated, “The
IDC MarketScape report reflects the significant investments that
NICE Actimize has made in its Enterprise Fraud offerings, that
leverage advanced analytics, automation and machine learning
capabilities designed to quickly adapt to the changing fraud
patterns inherent in our market today. The IDC MarketScape
Enterprise Fraud report provides an independent assessment of the
market and NICE Actimize is proud to be recognized as a Leader in
this report.”
The IDC Financial Insights study presents a 2020 vendor
assessment of worldwide enterprise fraud management (EFM)
technology providers. This research quantitatively and
qualitatively assesses multiple characteristics that help explain a
technology supplier's success and position in the marketplace
relative to its peers.
To download an excerpt of the IDC MarketScape report, please
click here.
IDC MarketScape IDC MarketScape vendor analysis model is
designed to provide an overview of the competitive fitness of ICT
(information and communications technology) suppliers in a given
market. The research methodology utilizes a rigorous scoring
methodology based on both qualitative and quantitative criteria
that results in a single graphical illustration of each vendor’s
position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities
and strategies, and current and future market success factors of IT
and telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200709005446/en/
Corporate Media Contact: 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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