Hoboken, N.J. – August 25, 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, announced today that Chartis Research has recognized NICE Actimize as a category leader across four major RiskTech Quadrants® in its 2017
Financial Crime Risk Management Systems report. NICE Actimize was placed as category leader, a ranking that measures vendors' completeness of offering and market potential, in four core RiskTech Quadrants® including Enterprise Fraud technology solutions, Anti-Money Laundering (AML) solutions, Know-Your Customer (KYC) systems, and Trader Surveillance systems.
Chartis Research provides research and analysis on the global market for risk management technology. Its RiskTech Quadrant® category leaders are defined as risk technology vendors with the necessary depth and breadth of functionality, technology and content, combined with the organizational characteristics, to capture significant market share by volume and value. Category leaders will typically demonstrate a clear strategy for sustainable, profitable growth, matched with best-in-class solutions, and will possess the range and diversity of offerings, sector coverage and financial strength to be able to absorb demand volatility in specific industry sectors or geographic regions.
"Financial services organizations are exposed to an ever-increasing range of risks and operational challenges. NICE Actimize continues to invest in our platform, including entity resolution and other core components, while implementing artificial intelligence, advanced analytics, machine learning and robotic process automation across our solutions portfolio," said Joe Friscia, President of NICE Actimize. "Once again, Chartis recognizes NICE Actimize's ongoing commitment to innovation and supporting financial services organizations as they manage financial crime risk management in their operations."
According to the Chartis Research report, several trends are increasingly shaping financial institutions' (FIs') Financial Crime Risk Management (FCRM) requirements against a background of rising financial crime and shifting regulatory pressures. These trends include: greater numbers of regulatory reports, more complex relationships involving correspondent banking, and Open Application Programming Interface (API) banking.
"Tackling these issues effectively will take the considered use of technology, people and process – all as budgets continue to tighten and financial crime gets more sophisticated," said Sid Dash, Research Director, Chartis Research. "Several technologies are proving useful, but three in particular – platforms/databases, AI and entity resolution – are emerging as key elements in the development of effective new FCRM systems. To make best use of them, FIs must match them to appropriate use cases, and employ suitability analysis, backtesting and explicable methodologies."
Chartis Research notes that its category leaders also tend to benefit from strong brand awareness, a global reach, and strong alliance strategies with leading consulting firms and systems integrators. Category leaders can also typically demonstrate an appetite for ongoing investment in innovation, often matched by deep pockets and a strong financial performance. Ultimately, category leaders combine deep domain knowledge in various risk topics with deep technology assets and capabilities
For more information on NICE Actimize's proven Financial Crime Enterprise Solutions, please visit our web site, by clicking
About Chartis Research
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 Waters Technology. Chartis' goal is to support enterprises as they drive business performance through better 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® and RiskTech100® are registered trademarks of Chartis Research (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-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.
Corporate Media Contact
Cindy Morgan-Olson, +1 551 256 5202,
Marty Cohen, +1 551 256 5354,
Yisca Erez +972 9 775 3798, email@example.com, CET
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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. Friscia and Mr. Dash, 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.