The awards judging panel credited NICE Actimize
for the sophistication of its transaction monitoring, including
data analytics, AI and machine learning capabilities
NICE Actimize, a NICE (Nasdaq: NICE) business, was
recently recognized by the “Regulation Asia Awards for
Excellence 2023” with its award for the “Best Solution -
Transaction Monitoring” in its “Best Solutions – Financial Crime”
category. The transaction monitoring award recognizes a
comprehensive and innovative solution that effectively helps
financial institutions detect and prevent financial crime through
advanced transaction monitoring capabilities, while also leveraging
data analytics and/or machine learning to minimize false positive
rates.
According to Regulation Asia’s judging panel, NICE Actimize was
recognized for its comprehensive suite of AML solutions, which
features its flagship transaction monitoring solution, Suspicious
Activity Monitoring (SAM), along with a robust portfolio of
additional capabilities for screening, reporting, customer due
diligence, and other components. The transaction monitoring
solution offers more than 70 AML scenarios and over 250 engineered
models to choose from for deployment in a financial institution’s
AML program.
The judging panel also credited NICE Actimize for the
sophistication of its transaction monitoring capabilities,
including its ability to leverage advanced technologies including
data analytics and AI/machine learning. “The solution’s entity
resolution, advanced segmentation, predictive analytics-driven
alert triage, and iterative auto-tuning capabilities, along with
its configurable alert prioritization process, ultimately serve to
reduce false positives and improve detection efficiency,” said one
judge on the awards panel.
“With its multidimensional, entity-centric approach, NICE
Actimize accelerates transaction monitoring effectiveness. This
approach not only enhances a financial institutions’ ability to
catch suspicious activity early, but also ensures comprehensive
protection against evolving financial crime threats,” said Craig
Costigan, CEO, NICE Actimize. “We continue in our commitment to
the Asia Pacific region and thank Regulation Asia’s expert panel of
judges for recognizing our innovative transaction monitoring
solutions.”
This award marks NICE Actimize’s fifth consecutive win in the
competition, including awards for anti-money laundering and
surveillance solutions.
For further information on NICE Actimize’s Anti-Money Laundering
Solutions, please click here.
About the Regulation Asia Awards for Excellence 2023 The
Regulation Asia Awards for Excellence recognises financial
institutions, technology companies, legal and consulting firms,
exchanges and other players that help ensure the highest regulatory
compliance standards are upheld in the financial industry. Each
year, senior industry practitioners serve on a judging panel to
help assess and score each submission to determine the winning
entrants.
About Regulation Asia Regulation Asia is the leading
source of actionable regulatory intelligence for Asia Pacific
markets. With over 12,000 subscribers, including regulatory bodies,
exchanges, banks, asset managers and service providers, Regulation
Asia plays a key role in shaping the regulatory agenda.
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/20240404561432/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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