NICE Actimize Blog

March 11, 2024

Perpetual KYC (pKYC), also known as event-driven KYC, is seen by many as the solution to ensuring continuous compliance and risk management when it comes to Know Your Customer (KYC) and Know Your Business (KYB) processes. But what’s pKYC, what does it look like in practice, and what does it take to implement it successfully?

November 1, 2023

Financial institutions (FIs) often struggle with low-impact case management processes that severely impede financial crime and compliance operations in a dynamic, high-velocity threat environment.

August 18, 2023

Case management in fraud prevention is the overall process in managing and handling individual fraud cases that are detected or flagged by a detection system. While fraud must be detected and interdicted in real-time, post-alert triage and claims management is essential to uncovering additional fraud risk within your institution and effectively managing the claims. The majority of fraud detection solutions come with their own case manager; however, it is in this fragmentation or proliferation of point solutions that FIs lose the ability to effectively manage the entire lifecycle of an alert or see the entire risk of the customer.

November 7, 2022

Buy vs. build debates have reignited as financial crime becomes more complex. So which approach is best? The biggest drivers to determine if you should buy or build a case management system for your financial institution (FI) actually comes down to three questions