Chartis Research, a leading authority on risk technology, evaluated 37 anti-money laundering vendors for its AML Transaction Monitoring Solutions, 2024 Quadrant Update Report across the two axes of Market Potential and Completeness of Offering. Following evaluation by Chartis analyst Nick Vitchev and Jason Wright, NICE Actimize was named a Category Leader in the final analysis. This recognition highlights NICE Actimize’s leadership in combating money laundering through advanced technology and innovation.
January 3rd, 2025
Significant changes are coming in 2025 in anti-money laundering regulations and strategies: approaches to information sharing, and a change in focus on sanctions will be among the areas that will be prioritized by the industry in the new year. Aside from high-profile regulatory failings and fines in 2024, recent events which uncovered how criminals operate today around the globe will further our understanding of these threats, helping to find solutions to improve and safeguard compliance while ensuring that we actually make a difference in fighting financial crime in the year ahead.
January 2nd, 2025
The previous blog Risk Appetite Framework & BSA/AML Programs: What Comes First? explored what a Risk Appetite Framework (RAF) is from an organization-wide perspective and what is a BSA/AML program to highlight various differences and similarities associated with managing the overall organizational risk. This blog takes a deeper view into the many areas where the RAF and a BSA/AML program are interconnected with one another.
December 20th, 2024
NICE Actimize was recently recognized as the recipient of the “Best KYC & Client Onboarding Solution” award at the A-Team Group’s 2024 Data Management Insight Awards USA event. This honor underscored the excellence of our innovative solution, X-Sight Onboard, which garnered the highest number of online votes from the data management community, validated by the A-Team Group’s editors and advisory board.
December 19th, 2024
NICE Actimize has been recognized as a Category Leader in KYC solutions by Chartis Research in its recently released KYC Data and Solutions 2024 Vendor Landscape Report. This recognition underscores NICE Actimize’s commitment to delivering innovative and effective KYC solutions in an ever-evolving regulatory landscape.
December 9th, 2024
Although Risk Appetite Frameworks (RAF) and BSA/AML programs undoubtedly have an impact on each other’s objectives, they are independent components of an organization’s risk management framework with purposes that are distinct from each other. Understanding these differences and the similarities is critical for organizations to focus on both the risks associated with money laundering and funding of terrorist organizations and doing so in the context of its organization-wide risk management strategy.
December 9th, 2024
2026 will be here in a flash, and for Registered Investment Advisers (RIAs), this means the need to comply with AML regulations. The Financial Crimes Enforcement Network (FinCEN) recently introduced the “Final Rule,” adding new compliance requirements for RIAs.
November 25th, 2024
The holiday season is upon us, bringing with it a surge of shopping, travel, and generosity. Unfortunately, it’s also a time when fraudsters sharpen their tools, exploiting our busy schedules and festive spirit to carry out their schemes. At NICE Actimize, we monitor these trends closely, equipping financial institutions (FIs) with the technology to protect consumers. But knowledge is just as critical as technology—understanding the threats is the first step to avoiding them.