Hoboken, NJ – November 26, 2018 –NICE Actimize, a NICE (NASDAQ: NICE) business, and a leader in
Autonomous Financial Crime Management, has been recognized by Chartis Research as a category winner for Financial Crime Risk Management (FCRM) in its recently released 2019 RiskTech100® rankings. Specifically, NICE Actimize was named the winner in the Financial Crime - Applications category, reflecting its depth and breadth of financial crime solutions.
This is the fourth consecutive year that NICE Actimize has won an award in a Chartis Financial Crime category. In addition to the category leadership positioning, NICE Actimize also maintained its position in the "Top Ten" of Chartis's comprehensive list of Top 100 global vendors in risk and compliance technology. Chartis Research, part of Infopro Digital, is a leading provider of research and analysis on the global market for risk technology.
The Chartis RiskTech100® ranking assessment criteria comprise six equally-weighted categories: functionality, core technology, strategy, customer satisfaction, market presence and innovation. This year's RiskTech 100® rankings also focused on solutions, industry segments and success factors. The RiskTech100® only includes companies that sell their own risk management software products and solutions.
Rob Stubbs, Head of Research, Chartis
"Several key trends have shaped the market for financial crime risk management systems. FIs have struggled to integrate their various FCRM systems, and while other areas of fraud have remained fairly static, the payments landscape is evolving quickly. Whatever section of the market they cater to, vendors must increasingly be able to integrate their solutions quickly and efficiently with FIs' systems and/or provide their own advanced technologies to process risk in real-time.
"With respect to KYC, vendor innovation is being driven by four key technologies and service models that can apply to different areas of the KYC process: workflow automation, profile enrichment, consortia and data sharing, and entity resolution and graph analytics. Whether it is enterprise fraud or KYC, NICE Actimize is offering a breadth and depth of functionality in its financial crime solutions that address these requirements."
Craig Costigan, CEO, NICE Actimize
"As we advance our vision of Autonomous Financial Crime Management, with its strong underpinnings of intelligent automation, we will continue to focus on providing industry-leading solutions that enable organizations to better operationalize financial crime fighting across many channels, while making more effective use of data and personnel. We thank the analyst team at Chartis for continuing to recognize our market growth and expansion, innovation and, most critically, the importance we place on supporting the changing needs of our global customer base."
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. The goal of Chartis Research is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Infopro Digital Services Limited (http://www.chartis-research.com).
About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading. Find us at
www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.
NICE (Nasdaq: NICE) is the worldwide leading provider of both cloud and on-premise enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 22,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies, are using NICE solutions.
Cindy Morgan-Olson +1-551-256-5000
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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. Costigan are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, may, will, intend, project, plan, estimate or similar words. Forward-looking statements 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) potentially impacting our business and financial condition; competition; 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; an inability to maintain certain marketing and distribution arrangements; and the effect of newly enacted or modified laws, regulation or standards on the Company and our products. 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.