NICE Actimize Enhances Focus on Subject Matter Expertise Addressing Financial Crime, Risk and Compliance with Key Appointments

 

May 17, 2011

Newly-appointed industry subject matter experts ensure the firm’s

commitment to product innovation and client service excellence

NEW YORK – May 17, 2011 – NICE Actimize, a NICE Systems companyand the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, continues its commitment to broaden its industry subject matter expertise through a series of appointments designed to support and drive innovation, the future of its product development roadmap, and its focus on client service excellence and consulting support.

These strategic hires include executive managers with top-tier experience and leaders in the field of trading compliance, fraud management, and anti-money laundering. These appointments confirm the company’s continued depth and breadth of subject matter expertise and will ensure that NICE Actimize’s solutions and services continue to remain at the forefront of both functionality and market-leading best practices.

“At all levels, we will continue to invest in our subject matter expertise to strengthen our role as a trusted advisor and business partner,” said Amir Orad, president and chief executive officer. “These accomplished industry leaders will partner with our clients to develop strategic approaches to taking on fraud and financial crime and will ensure a strong flow of product innovation to the marketplace.”

The recent NICE Actimize appointments include (in alphabetical order):

  • Glenn Kinser, Energy Trading Surveillance SME: For more than 17 years, Kinser has worked in the energy trading industry with achievements in trading, risk management and market oversight/trade surveillance. He has previously worked for Shell Trading, Commerce Energy, and DTE Energy Trading.
  • Ben Knieff, Enterprise Fraud Product Marketing:Knieff defines the direction for the company's fraud management strategy. An expert in security and compliance, he has consulted for the past ten years with global financial institutions to lead financial crime strategy and multiple payment and risk product enhancements for companies such as efunds, FIS and EBay/PayPal.
  • Mary Ann Miller, Fraud & Financial Crime Consulting: Miller heads the financial crime consulting and industry relations practice where she leads the development of fraud-focused strategic consulting services. With more than 20 years global experience, she has held directorships and executive roles at USAA, EBay/PayPal, Experian and Lloyds Banking Group.
  • Wesley Wilhelm, Enterprise Fraud SME: Wilhelm, a 30-year banking veteran, brings knowledge of fraud management, payments, and retail banking technology and operations. He has held management positions in risk and fraud, credit/debit card issuing, and merchant acquiring at HNC and Washington Mutual. He also was an analyst for Aite Group, covering retail banking and fraud. He is also recognized for his creation of the Fraud Management Lifecycle Theory.

NICE Actimize, a NICE Systems company, is the world’s largest and broadest financial crime, risk and compliance solutions provider. The company provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions built upon a single flexible software platform. Implemented by the majority of the world’s largest financial institutions, including all of the top 10 banks, the company’s solutions enable clients to mitigate financial crime risk, improve compliance, and reduce operational costs. www.actimize.com.

About NICE Systems

NICE Systems is the worldwide leader of intent-based solutions that capture and analyze interactions and transactions, realize intent, and extract and leverage insights to deliver impact in real time. Driven by cross-channel and multi-sensor analytics, NICE solutions enable organizations to improve business performance, increase operational efficiency, prevent financial crime, ensure compliance, and enhance safety and security. NICE serves over 25,000 organizations in the enterprise and security sectors, representing a variety of sizes and industries in more than 150 countries, and including over 80 of the Fortune 100 companies. www.nice.com.

Trademark note:Actimize, the Actimize logo, NICE, and the NICE logo are trademarks or registered trademarks of NICE Systems. All other marks are trademarks of their respective owners. For a full list of NICE Systems' marks, please see: http://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. Orad, are based on the current expectations of the management of NICE-Systems Ltd.(the Company)only, and 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 the global economic environment on the Company’s customer base (particularly financial services firms) and the resulting uncertainties; 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; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. 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 Securities and Exchange Commission, 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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