The analyst report stated that by embracing
artificial intelligence, machine learning, and cloud computing,
NICE Actimize continuously developed new features and
functionalities for enterprise fraud management
NICE Actimize, a NICE (Nasdaq: NICE) business, has
announced that it is the recipient of the 2021 Frost & Sullivan
North America Technology Innovation Leadership Award for enterprise
fraud management (EFM). For the Technology Innovation Leadership
Award, Frost & Sullivan analysts independently evaluated two
key factors — technology leverage and business impact — across ten
benchmarking criteria. Frost & Sullivan’s Technology Innovation
Award recognizes the company that has introduced the best
underlying technology for achieving remarkable product and customer
success while driving future business value.
To download a full copy of the “2021 Frost & Sullivan North
America Technology Innovation Leadership for Enterprise Fraud
Management” report on NICE Actimize and its EFM expertise,
please click here.
According to Frost & Sullivan’s analysis of NICE Actimize,
“At the foundation of NICE Actimize’s expansive product portfolio
lies its Integrated Fraud Management
(IFM-X) platform. Launched as a next-generation platform in
2019, IFM-X serves as a fraud hub for NICE Actimize’s clients,
combining disparate data streams, adaptive data analytics,
artificial intelligence, and machine learning to solve clients'
complex needs with holistic fraud management.
The technology innovation report explained, “The platform
includes a variety of packaged solutions specifically designed to
enable use cases in authentication management, digital banking
fraud, payments fraud, business email compromise, advanced fraud
analytics, card and emerging payments fraud, check fraud, and
internal threats.”
“NICE Actimize’s leadership and dedication to the industry have
led the company to create an extensive portfolio of fraud
management products that empower users in an endless number of use
cases. By embracing key mega trends such as artificial intelligence
(AI), machine learning (ML), and cloud computing, the company
continuously developed new features and functionalities that enable
its clients to be proactive as they join forces to address the
emerging fraud threats,” said Jeffrey Castilla, Best Practices
Research Team Leader, Frost & Sullivan. “With its strong
overall performance, NICE Actimize earns the 2021 Frost &
Sullivan Technology Leadership Award for enterprise fraud
management.”
The report also acknowledged NICE Actimize’s continuing
commitment to the cloud, observing, “NICE Actimize is positioned to
support their clients on their journey with a suite of cloud-based
value-added services. The company had already started its journey
to the cloud years ago, beginning with ActimizeWatch, its managed
analytics service, and subsequently developing into an extensive
suite of solutions.”
Additionally, the report cited NICE Actimize’s investment in AI
and machine learning targeting its enterprise fraud solutions,
explaining, “NICE Actimize continues to evolve it’s AI/ML
capabilities with investments in automated
and adaptive machine learning, as well leveraging
cutting-edge AI/ML techniques like ‘Federated Learning’ to
automatically share fraud signals between its risk models, across
NICE Actimize’s client base. This allows organizations to be
proactively protected from emerging Fraud typologies based on
collective intelligence."
“As a leader in the enterprise fraud management space, NICE
Actimize continually innovates with advancements in cloud,
artificial intelligence, and machine learning so that financial
services organizations more effectively stop emerging fraud
threats,” said Craig Costigan, CEO, NICE Actimize. “We thank
Frost & Sullivan for identifying NICE Actimize’s
differentiators in technology and innovation that support FSOs in
their fight against the challenging environment surrounding new and
aggressive fraud types.”
The report also noted that in 2020, “NICE Actimize announced a
strategic acquisition of a market leader in entity enrichment and
resolution. This acquisition became X-Sight DataIQ, which NICE
Actimize integrated into its portfolio. X-Sight DataIQ orchestrates
the aggregation of entity data across hundreds of public and
premium sources to ensure that entity data is always accurate. This
intelligence fuels detection accuracy and alert resolution
efficiency.”
For additional NICE Actimize resources in enterprise
fraud: For the eBook, “The Future of Fraud Fighting Evolving to
Stay Ahead of Threats,” please click
here. For more information on NICE Actimize’s Fraud
Management Solutions Suite, please click
here.
About Frost & Sullivan Frost & Sullivan, the
Growth Partnership Company, enables clients to accelerate growth
and achieve best-in-class positions in growth, innovation, and
leadership. The company's Growth Partnership Service provides the
CEO and the CEO's Growth Team with disciplined research and best
practice models to drive the generation, evaluation, and
implementation of powerful growth strategies. Frost & Sullivan
leverages more than 50 years of experience in partnering with
Global 1000 companies, emerging businesses, and the investment
community from 45 offices on six continents. To join our Growth
Partnership, please visit http://www.frost.com.
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/20210209005484/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,
ir@nice.com, ET Yisca Erez +972 9 775 3798, ir@nice.com,
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