NICE Actimize is addressing the issue of scams
and Authorised Push Payment (APP) fraud ahead of impending PSR
(Payments Systems Regulator) fraud liability shifts
NICE Actimize, a NICE (Nasdaq: NICE)
business has announced that PAN Finance, a trusted source of global
financial intelligence with a readership base of over 200,000
across 150 countries, has presented it with the organization’s
“Most Innovative Fraud Detection Technology/EMEA 2023” award for
its end-to-end enterprise fraud solutions.
NICE Actimize provides financial institutions (FIs) the right
fraud management solutions to proactively detect and prevent fraud,
safeguard the customer journey, and protect both the customer and
their institution from fraud schemes. NICE Actimize's IFM-X,
industry-leading integrated fraud management, provides complete,
real-time, end-to-end fraud prevention coverage that continuously
adapts to new and emerging fraud threats.
“Organizations must leverage real-time technology detection to
manage fraud types across four essential steps to be effective:
identify early, mitigate exposures, resolve investigations, and
adhere to regulations. NICE Actimize enterprise fraud management
solutions helps financial institutions accomplish these steps,”
said Craig Costigan, CEO, NICE Actimize. “NICE Actimize will
continue to invest in innovative solutions that address critical
needs for our EMEA customers as well as those around the
world.”
According to PAN Finance, “Addressing the issue of scams and
Authorised Push Payment (APP) fraud ahead of impending PSR
(Payments Systems Regulator) fraud liability shifts is paramount.
NICE Actimize addresses these challenges with an end-to-end
approach to allow organizations to take action. With the evolving
landscape of digital transactions, the burden of responsibility for
such fraudulent activities is transitioning, making it crucial for
financial institutions and businesses to tackle these challenges
proactively. We are honored to recognize NICE Actimize as a leading
innovator.”
NICE Actimize’s end-to-end fraud management solutions also
include New Account Fraud, among other applications. NICE
Actimize's New Account Fraud solution connects and extends coverage
earlier to start at the application stage to provide identity
proofing, then move into early account monitoring, and finally, a
seamless transition to ongoing monitoring. New Account Fraud
orchestrates and connects a financial institutions’ current
identity verification data and tools using advanced analytics to
create an identity risk score.
For additional information:
- For more on NICE Actimize’s IFM-X Fraud Management, please
click here.
- To read PAN Finance’s coverage of NICE Actimize end-to-end
fraud management approach, please click here.
About Pan Finance Pan Finance is a trusted source of
global financial intelligence with a readership base of +200,000
across 150 countries. With offices in London, Lagos, Barcelona,
Miami & Sharjah and a distribution network in Europe, Middle
East, Africa, LATAM, North America and Asia, our ecosystem includes
a quarterly magazine (online and print), special reports, a
financial news website, and other media channels. As an
organisation, it is dedicated to providing concise, intelligible,
and up-to-date news for our worldwide readership.
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 With NICE (Nasdaq: NICE), it’s never been
easier for organizations of all sizes around the globe to create
extraordinary customer experiences while meeting key business
metrics. Featuring the world’s #1 cloud native customer experience
platform, CXone, NICE is a worldwide leader in AI-powered
self-service and agent-assisted CX software for the contact center
– and beyond. Over 25,000 organizations in more than 150 countries,
including over 85 of the Fortune 100 companies, partner with NICE
to transform - and elevate - every customer interaction.
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/20231207293332/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, ET media@niceactimize.com
Investors Marty Cohen, +1 551 256 5354, ET ir@nice.com
Omri Arens, +972 3 763 0127, CET ir@nice.com
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