NICE Actimize Financial Crime Categories Named Finalists in Citi’s “Citi Tech for Integrity Challenge” Global Initiative
Both “ActimizeWatch” and Anti-Bribery and Corruption offerings are tapped for the innovation competition’s shortlist
May 15, 2017
Hoboken, NJ – May 15, 2017 – NICE Actimize, a NICE (Nasdaq:NICE) business and the industry's largest and broadest provider of a single financial crime, risk, and compliance software platform for the financial services industry has been named a finalist in two categories within Citi’s “Citi Tech for Integrity Challenge” (T4I), an initiative designed to “encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond.”
The two NICE Actimize finalists include ActimizeWatch, a cloud-based fraud analytics optimization and consortium intelligence solution, as well as a new strategic offering targeting Anti-Bribery & Corruption that supports both corporates and financial services organizations.
“Protecting the capital markets, businesses, and the consumers they serve has long been the underlying objective of NICE Actimize as it innovates to fight financial crime,” said Joe Friscia, president, NICE Actimize. “With anti-bribery and corruption issues in the news, and fraud and cybercrime on the rise around the world, we are excited that the team at the ‘Citi Tech for Integrity Challenge’ recognized the importance of our strategic offerings.”
First round finalists for the competition will present at one of six Demo Days to be held in Latin America, Asia and Europe, where a panel of judges will review and evaluate category specialties and finalists. NICE Actimize’s ActimizeWatch has been tapped to be presented to judges in Dublin on May 18, and the NICE Actimize Anti-Bribery & Corruption strategy and accompanying technology will be unveiled to judges in Singapore on June 9. Final award winners will be announced at the end of June.
Citi is leading this initiative in collaboration with public and private sector allies including countries and other public and private sector entities looking to bring outside innovation inside their organizations. T4I strategic allies include Clifford Chance, Facebook, IBM, Let’s Talk Payments, MasterCard, Microsoft and PwC.
In Citi’s recent crowdsourcing survey of more than 150 individuals spanning public, private and non-governmental organizations around the world, among the top issues raised included tools to increase transparency and fight corruption.
On social media:
Twitter: Please use hashtag #CitiT4IChallenge and @NICE_Actimize
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-premises 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 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.
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