Scoring highest across both Technology
Excellence and Customer Impact metrics, NICE Actimize offers
AI-powered entity-centric AML
NICE Actimize, a NICE (NASDAQ: NICE) business, has
been ranked by global advisory and consulting firm Quadrant
Knowledge Solutions as the highest-scoring AML solutions vendor
across both Technology Excellence and Customer Impact metrics in
its recently released 2024 “SPARK Matrix™ Anti-Money Laundering
(AML) Solution” report. The Quadrant Knowledge Solutions study
provides competitive analysis and a ranking of the leading
anti-money laundering vendors in the form of its proprietary SPARK
Matrix.
Marking the fifth consecutive year for NICE Actimize’s
leadership in the Quadrant Knowledge Solutions SPARK Matrix™ for
AML, a complimentary copy of the 2024 report may be downloaded by
clicking here.
Positioning NICE Actimize as a 2024 top performer in global
anti-money laundering solutions, the Quadrant Knowledge Solutions
report stated, “NICE Actimize employs advanced Machine Learning
(ML) across its AML solutions suite, expanding the coverage to
detect previously undetected suspicious activities. ML-driven
segmentation, optimization, and predictive scoring help users
reduce false positives and tuning cycle periods by leveraging AI
generated threshold recommendations and leveraging predictive
scoring to further enhance alert accuracy.”
According to the Quadrant Knowledge Solutions report, “NICE
Actimize’s AML solution suite offers the cloud-native X-Sight
Entity Risk Solution, an enterprise-wide entity risk assessment
offering that utilizes APIs to connect and capture data from
diverse internal and external data sources. The solution applies
advanced AI and analytics capabilities, generates consolidated
entity risk profiles, and establishes a standard measure of entity
risk across domains, providing actionable insights with transparent
risk scores. Facilitating continuous monitoring for risk signal
changes, the solution enhances customer risk assessment.”
“NICE Actimize’s comprehensive end-to-end AML solutions suite,
embeds AI capabilities at the core of its offerings to empower
customers to make quicker, more accurate risk decisions, leading to
cost reduction and heightened resource efficiency,” said
Siddharth Arya, Analyst, Quadrant Knowledge Solutions. “With
these and other advancements, including its investments in
Generative AI, NICE Actimize has again achieved a leadership
position in the 2024 SPARK Matrix: Anti-Money Laundering (AML)
report.”
“NICE Actimize protects financial services organizations by
providing a single integrated view of customer risk for more
precise financial crime risk management. To mitigate uncertainties,
we deliver AML and other financial crime solutions that maximize
efficiency gains and effectiveness, with strong customer ROI and
meeting regulatory compliance requirements,” said Craig Costigan,
CEO, NICE Actimize.
The Quadrant Knowledge Solutions SPARK Matrix report also noted,
“NICE Actimize has launched its new Suspicious Activity Report
(SAR) narrative solution called X-Sight AI Narrate, addressing the
manual, time-consuming and error prone process of accurately
writing the SAR narrative. The solution leverages Generative AI to
automate the SAR narrative generation process, transforming raw
transaction data into clear, concise, and compliant SAR
narratives.”
The report added, “The company’s technology roadmap also
emphasizes increased focus on counterparty intelligence, real-time
transaction monitoring, globalization, and industry-specific
coverage, catering to distinct regional needs and addressing
typologies in various sectors. Additionally, NICE Actimize aims to
enhance cloud services, providing improved infrastructure for
easier deployment and higher availability.”
For additional information, please read more about NICE
Actimize’s anti-money laundering suite here.
About Quadrant Knowledge Solutions Quadrant Knowledge
Solutions is a global advisory and consulting firm focused on
helping clients in achieving business transformation goals with
Strategic Business and Growth advisory services. At Quadrant
Knowledge Solutions, our vision is to become an integral part of
our client’s business as a strategic knowledge partner. Our
research and consulting deliverables are designed to provide
comprehensive information and strategic insights for helping
clients formulate growth strategies to survive and thrive in
ever-changing business environments. For more available research,
please visit https://quadrant-solutions.com/market-research/
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;
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240501220286/en/
Corporate Media: Cindy Morgan-Olson, +1 646 408 5896,
media@niceactimize.com, ET
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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