NICE Actimize Announces New Integrated Fraud Management Platform Delivering Pervasive AI Across Fraud Prevention
April 09 2024 - 8:00AM
Business Wire
The new release leverages advancements in AI
capabilities with collective intelligence to introduce
unprecedented fraud detection accuracy, agility and efficiency
NICE Actimize, a NICE business (Nasdaq:
NICE), today announced the availability of IFM 11 (Integrated
Fraud Management), a new release of its market leading, AI-driven
fraud management and detection platform. The new release leverages
recent advancements in artificial intelligence together with NICE
Actimize’s unique collective intelligence capabilities to introduce
unprecedented fraud detection accuracy, agility and efficiency to
protect financial services firms and their customers from the next
generation of AI-driven fraud and scams.
This enhanced version is the first solution to deliver AI
pervasively across all fraud prevention processes from detection
and strategy to investigations and operations as well as
intelligent data orchestration.
With this new platform, organizations will also benefit by
preventing more scams and stopping money mules with their existing
data by building deeper and richer entity risk profiles and
augmenting network analytics and Generative AI capabilities in
fraud detection, fraud strategy, alert triage, investigations and
claims management.
NICE Actimize’s collective intelligence further fortifies firms
with day one protection using AI models trained on industry fraud
data. The release also allows financial institutions to stay ahead
of new fraud threats with its’ advanced connected analytics
capability, harnessing industry learnings and recent risk signals
to prevent these threats.
"Financial institutions are facing a surge in fraud attacks, as
criminals continue deploying AI to conduct scams,” said Craig
Costigan, CEO, NICE Actimize. "NICE Actimize is currently the
only solution provider with a complete end-to-end fraud management
platform offering fraud prevention and detection, strategy, and
operations all leveraging powerful AI capabilities purpose-built to
tackle the evolving, faster-paced digital fraud landscape."
NICE Actimize's innovative new IFM release also includes the
following capabilities:
- Intelligent Orchestration Engine to connect and invoke
3rd party and homegrown systems and data sources as part of the
real-time fraud prevention and step-up processes via an intuitive
self-service orchestration engine reducing integration time and
cost.
- Customer Vulnerability Insights to proactively identify
customers that are likely to be a target of scams for better scams
prevention and investigation.
- Network Analytics to provide detection strategies and
analytics features, coupled with network exploration in
investigations, which identify hidden relationships to uncover
risky entities and fraud rings.
- Generative AI to reduce manual and labor-intensive
investigation and claims management tasks transforming operations
teams from information gathers to risk practitioners and expediting
SAR filings.
Register for our webinar, “IFM: Unlock the Power of Pervasive
AI” by signing up here.
For additional information on NICE Actimize’s Enterprise Fraud
Management, 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;
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
in making additional acquisitions or 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; privacy
concerns; changes in currency exchange rates and interest rates,
the effects of additional tax liabilities resulting from our global
operations, the effect of unexpected events or geo-political
conditions, such as the impact of conflicts in the Middle East that
may disrupt our business and the global economy; 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/20240409171143/en/
Corporate Media: Cindy Morgan-Olson, +1-646-408-5896,
media@nice.com
Investors: Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763 0127, ir@nice.com, CET
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