NICE Actimize Announces Next-Gen Fraud Management Platform Leveraging Advanced AI & the Cloud to Fight Fraud & Enhance Custom...
November 23 2020 - 6:30AM
Business Wire
With end-to-end operational enhancements, the
latest release of IFM-X continually adapts to ever-changing
customer behaviors and criminal threats to reduce fraud
NICE Actimize, a NICE business (Nasdaq: NICE), today
announced the latest version of its Integrated Fraud Management
(IFM-X) platform that delivers one of the industry’s most advanced
detection capabilities powered by artificial intelligence and
machine learning. Providing a real-time response in detection and
decisioning across some of the most extensive fraud coverage
available on the market, NICE Actimize’s IFM-X introduces new
capabilities that support financial services firms’ digital
acceleration strategies with fraud management solutions for
digital, real-time and open banking channels.
By utilizing NICE Actimize’s advanced IFM-X platform, financial
institutions will achieve best-in-class fraud detection, prevention
and end-to-end operational improvements. IFM-X offers enhanced,
accelerated data acquisition capabilities which enable financial
institutions to leverage the vast amount of identity, device and
other critical data elements required for advanced enterprise fraud
management.
This next-generation fraud management (EFM) platform enables
holistic, cross-channel fraud management that is flexible and
scalable. IFM-X is driven by advanced “Always on AI” and built upon
deep industry expertise to provide clients with the ability to
address new and emerging fraud trends with constantly adapting
models that stop new fraud threats in their tracks. The advanced
capabilities of IFM-X are able to power the entire suite of NICE
Actimize Enterprise Fraud solutions, covering multiple payments
products and servicing channels to allow organizations to stop
fraud while delivering exceptional customer experiences.
“Financial services organizations require advanced data
capabilities and automation to support their journey of
digitalization to stay competitive and provide optimal customer
experiences,” said Craig Costigan, CEO, NICE Actimize. “New
market factors are influencing financial institutions’ strategies,
including their reliance on specialized fraud solutions which
enable scalable fraud coverage across an increasingly complex
environment. The AI-driven IFM-X platform is designed to address
these evolving needs.”
The updated NICE Actimize IFM-X platform includes the following
enhanced features and benefits:
- Open, always-on and agile analytics - powered by the
X-Sight AI cloud, IFM-X provides best-in-class data intelligence,
analytics and insights on a single cloud-native platform. Adaptable
analytics offer more accurate real-time fraud detection, continuous
feature engineering using Federated Learning techniques that
leverage NICE Actimize’s proprietary payment fraud consortium and
integrated modeling tools for self-development and support for
Bring Your Own (BYO) Analytics. Quick production deployment of
containerized models enables the agility FI’s need to adapt to the
changing fraud landscape.
- Easy data integration – Marking its continued investment
in advanced data capabilities, IFM-X consumes from scalable,
real-time data streams, interdicts and informs downstream systems
with fraud intelligence in real-time.
- Unprecedented performance and scalability – IFM-X
enables organizations to consolidate cross-channel fraud management
while maintaining the rapid detection required for real-time
environments.
- Entity-driven fraud investigation and resolution –
Entity-centric triage and investigations provide a single,
comprehensive view of customer intelligence for better, faster
decisions which reduces resolution time and cost for fraud
operation teams.
For additional information on NICE Actimize’s IFM-X platform,
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/20201123005782/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, NICE Actimize, cindy.morgan-olson@niceactimize.com, ET
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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