With “Always On” AI-based technology, NICE
Actimize’s Xceed platform simplifies cloud deployments and
optimizes operational resources
NICE Actimize, a NICE (Nasdaq: NICE) business, and the
industry leader in financial crime and compliance solutions, today
announced a partnership with Finastra, one of the world’s largest
providers of financial technology solutions. The partnership will
deliver NICE Actimize’s industry-leading Xceed cloud-native
financial crime platform, which brings unmatched AI and cloud
technologies to financial services organizations of any size, to
Finastra’s customer base, via its FusionFabric.cloud open
innovation platform.
NICE Actimize’s Xceed platform delivers best-in-class AML and
fraud solutions, offering complete financial crime and compliance
on a single platform. With “Always On” AI-based technology, the
Xceed platform offers the industry’s most advanced real-time
behavioral analytics and machine learning capabilities. This
results in simplified cloud deployments and optimized operational
resource efficiency that particularly benefit mid-market financial
services organizations.
NICE Actimize Xceed’s self-learning capabilities immediately and
autonomously adapt to new threats, helping financial institutions
meet today’s dynamic risk management needs with laser accuracy,
speed and simplicity, and without the need for a team of data
scientists.
Vincent Pugliese, SVP and General Manager, Platform at
Finastra said, “We look forward to adding NICE Actimize’s
advanced cloud-native integrated financial crime platform to our
FusionFabric.cloud ecosystem. Together, we are leading the way in
which applications are written, deployed and consumed in financial
services to evolve with the changing needs of our clients – who
face mounting pressure to deliver increased innovation, agility and
ROI. We are excited about our partnership and believe that through
the combination of our cloud-based technologies we will help our
clients to deliver upon these objectives.”
“We are pleased to partner with Finastra, creating a unique
combination of proven expertise with best-in-class innovation
leveraging both Artificial Intelligence and the cloud, while
further presenting a major opportunity to support financial
services organizations of all sizes, particularly targeting the
needs of mid-markets FSOs,” said Craig Costigan, CEO, NICE
Actimize.
Among other benefits for Finastra’s customers, NICE Actimize’s
Xceed performs behavioral analytics across all digital payment
channels and gathers insights into an omnichannel view. Fraud and
AML analysts are able to leverage the most comprehensive view of
fraud and AML risk through Xceed’s unified case management system.
Analysts can also efficiently investigate financial crime activity
and perform regulatory filings – all in one interface.
About Finastra Finastra is building an open platform that
accelerates collaboration and innovation in financial services,
creating better experiences for people, businesses and communities.
Supported by the broadest and deepest portfolio of financial
services software, Finastra delivers this vitally important
technology to financial institutions of all sizes across the globe,
including 90 of the world’s top 100 banks. Our open architecture
approach brings together a number of partners and innovators.
Together we are leading the way in which applications are written,
deployed and consumed in financial services to evolve with the
changing needs of customers. Learn more at finastra.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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304005381/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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