NICE Actimize Chosen “Best Anti-Money Laundering Compliance Solution Provider” in 2020 Waters Rankings for Seventh Consecutive Year
AI and machine learning enable NICE Actimize’s AML solutions to offer better detection, more efficient operations and reduced costs
December 3rd, 2020
Hoboken, NJ, December 3, 2020 – NICE Actimize, a NICE business and a leader in financial crime management announced today that for the seventh consecutive year it has been voted the “Best Anti-Money Laundering Compliance Solution Provider” in the 2020 Waters Technology Rankings competition, selected through an online voting process conducted by the publication. NICE Actimize was honored for its agile and adaptable Anti-Money Laundering suite of solutions.
“As we’ve seen fines rise across the industry, AML/KYC assistance is rising up the list of needs for financial services firms, and for the seventh straight year, our readers have selected NICE Actimize as being the leading technology provider in the space,” said Anthony Malakian, Editor-in-Chief of WatersTechnology Group.
“We continue to make significant investments across our integrated AML suite, with a focus on further incorporating artificial intelligence into all coverage areas so our clients realize the true benefits of machine learning and intelligent automation which include better detection, more efficient operations and reduced cost of compliance,” said Craig Costigan, CEO, NICE Actimize. “We thank the readers of WatersTechnology, and our own customers, for demonstrating their continued support of our anti-money laundering technology and services.”
NICE Actimize’s Autonomous Anti-Money Laundering Solutions Suite powered by X-Sight AI consists of Suspicious Activity Monitoring, KYC-Customer Due Diligence, CTR Processing and Automation, and Watchlist Filtering. The suite also includes the “AML Essentials” SaaS solution, targeting mid-sized financial institutions.
Additionally, NICE Actimize’s X-Sight AI includes ActimizeWatch , a cloud-based machine learning managed analytics service that continuously monitors criminal typologies and AML model performance and X-Sight Marketplace, an ecosystem of complementary software and service providers. NICE Actimize’s AML offerings also include X-Sight DataIQ which provides customer intelligence to fuel KYC-AML detection and investigations.
The 2020 WatersTechnology Rankings awards competition consisted of a total of 33 awards covering five categories, including: Trading Services; Trading Tools; Data Management; Compliance, Risk Management and the Back Office; and Infrastructure and Connectivity.
On its website and in its monthly magazine, WatersTechnology produces exclusive news and deep-dive investigations about issues pertaining to technology and data used in the capital markets. The publication has reporters based in London, New York and Hong Kong. For more information, visit www.waterstechnology.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 world’s 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.
Corporate Media Contact:
Cindy Morgan-Olson, +1-646-408-5896, NICE Actimize, firstname.lastname@example.org
Marty Cohen, +1 551 256 5354, email@example.com, ET
Yisca Erez, +972-9-775-3798, firstname.lastname@example.org, 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. 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,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “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 changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; 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; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). 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 SEC, 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.