Autonomous AML

More Intelligence, Less Work

Today’s regulatory landscape continues to pressure financial organizations to do even more as their product offerings, where they do business, and their corresponding business processes become more complicated. And financial organizations continually seek to deter regulatory scrutiny, fines, and reputational damage through consistent controls and proactive risk management and mitigation.

Financial organizations need scalable, agile, and automated compliance programs that can react to new threats quickly and cost-effectively. To achieve this, financial organizations can apply innovative technology, like robotic process automation, machine learning, and advanced analytics, to their AML compliance programs to help realize needed efficiency and productivity gains and effectively reduce the cost of compliance.

Why NICE Actimize for Anti-Money Laundering?

NICE Actimize’s Autonomous AML suite empowers organizations to proactively manage end-to-end AML risk by intelligently and efficiently correlating financial crime activities. Through innovative technology, financial organizations ensure cost-effective AML operations for a positive, holistic customer experience.

Protect with a Scalable AML Solution

An Autonomous AML suite with an open and extensible architecture can grow and scale with your organization, offering the best long-term investment protection. Technology innovations like advanced analytics, anomaly detection, network risk intelligence, and machine learning ensure coverage for regulatory and internal risk changes. Armed with the ability to use any type of data from any source, financial organizations benefit through a self-sufficient compliance program that supports strategic business growth.

Achieve High Quality Alerts with an “Analytics Everywhere” Approach

NICE Actimize takes an “analytics everywhere” approach to its Autonomous AML suite, meaning every layer of the system is built with comprehensive out-of-the-box coverage for tuning, detection and investigations. As a result, alert quality is increased, false positives are reduced, and tuning, testing, data acquisition, and model deployment are fast and efficient. With NICE Actimize, financial organizations can ensure that they comply with model risk management and governance requirements.

Intelligent Automation Applied to AML

NICE Robotic Process Automation (RPA) lowers the cost of compliance by automating the repetitive elements of your program. Applying automation to investigations, due diligence, and reporting operations to speed up investigations and reduce human error.

​Customer​​​ Due Diligence​ (CDD)​

Provides complete and consistent life cycle coverage for the KYC/CDD process, including re-assessment of customer risk, periodic review, and enhanced due diligence (EDD). Firms can seamlessly identify, manage, and mitigate customer-related risks. Combined with Suspicious Activity Monitoring (SAM) and Watch List Filtering (WLF), analysts can easily perform reviews with immediate access to all customer data, relationships, historical activity, and prior alerts, and have all related entities automatically screened.

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Suspicious​​ Activity Monitoring (SAM)​

Enables end-to-end coverage for the detection, scoring, alerting, workflow processing, and reporting suspicious activity. Focuses on the right issues and risks and automates processes while enabling analysts to be confident in their final decision. Combined with Customer Due Diligence (CDD), analysts have immediate access to customer information like occupation, beneficial owners, expected activity, and more.

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​Watch List F​iltering​ (WLF)

Screens customers, related parties, and transactions against sanctions lists, and identifies politically exposed persons (PEPs) to avoid transacting with sanctioned entities or embargoed goods. Offers unique transliteration and fuzzy matching analytics, intelligent scoring, and alert consolidation to generate high quality hits with low false positives. Combined with CDD, reviewers can easily dig deep into customer details.

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​Suspicious Transaction Activity Reporting (STAR)

Automates and optimizes processes for suspicious activity reporting to global jurisdictions, including e-filing.

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Currency Transaction Reporting (CTR)

Provides end-to-end management for FinCEN reporting of currency transaction reports (CTRs) and monetary instrument logs (MILs).

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ActimizeWatch for AML, delivered by X-Sight

A secure cloud-based managed analytics service that delivers laser-sharp financial crime detection by actively monitoring the analytics performance. Using machine learning and automation, the service optimizes rules and models to rapidly detect changing patterns.

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AML by Industry

AML Solutions for Money Service Businesses. A proven suite of anti-money laundering solutions to help MSBs establish and enforce compliant processes and procedures.

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