NICE Actimize Recognized as a Market-Leading Provider of Enterprise Financial Crime Solutions by Chartis Research
Second annual "Financial Crime Risk Management Systems" report shows NICE Actimize as a leading vendor for both "Market Share Potential" and "Completeness of Offering"
NEW YORK - JULY 8, 2010 - NICE Actimize, a NICE Systems (NASDAQ:NICE) company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced that Chartis Research has recognized NICE Actimize as an industry leader in financial crime management in the recently released "Financial Crime Risk Management Systems 2010: Market Analysis."
Chartis provides research and analysis on the global market for risk technology. They predict the move towards total integration has started and will peak in 2012. Those technology vendors who have positioned themselves well will capitalise on these market opportunities and that the global market for financial crime risk management technology will grow to $4.19 billion by 2013.
"Many firms have adopted a risk-based approach to managing fraud and money laundering. This approach requires establishing firm-wide policies, procedures and systems that identify, alert, assess and monitor the risk of financial crime," said Peyman Mestchian, Managing Partner at Chartis Research. "Chartis recommends that enterprise-wide financial crime risk management processes and technology should be based on the establishment of a single, integrated platform...[NICE] Actimize's transactional risk mitigation platform includes essential components such as a real-time analytics engine, workflow, alert management, visual modeler, ad hoc detection and research tool, and a powerful policy manager tool."
"NICE Actimize is dedicated to providing market-leading financial crime and compliance solutions to the financial services industry," said Amir Orad, CEO of NICE Actimize. "Our leadership is acknowledged by the market, time and again, with the broadest and deepest set of solutions leveraging a shared platform, providing our clients with a holistic financial crimes suite for managing transactional risks across the enterprise."
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis analyses the systems, products, vendors, applications and trends in the risk technology marketplace. This analysis is published in our flagship industry reports, white papers and research articles. www.chartis-research.com.
About NICE Actimize
NICE Actimize, a NICE Systems (NASDAQ: NICE) company, is the world's largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry. NICE Actimize empowers its clients to prevent financial crime, mitigate risk, reduce operational costs, minimize losses and improve compliance. The company provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions built upon the Actimize Core Platform which has been enhanced by the company's acquisitions of Syfact and Fortent (Searchspace) analytics and technology. With offices across North America, Europe, and Asia, NICE Actimize serves more than 200 clients globally including all of the world's 10 largest financial institutions. www.actimize.com