Risk ManagementArkOwl Joins NICE Actimize’s X-Sight Marketplace

FintecBuzz FintecBuzz4 weeks ago175 min

Helping financial services organizations keep up with a changing market landscape, NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that ArkOwl, has joined the X-Sight Marketplace, the industry’s first financial crime risk management-focused ecosystem designed to assist financial services organizations evaluate new best-of-breed solutions and move to stay on top of a challenging regulatory and criminal environment.

The X-Sight Marketplace leverages the X-Sight Platform-as-a-Service and further expands the functionality offered by the platform. The NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to rapidly innovate and to introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.

ArkOwl, known for its search interface that conducts checks against email addresses and phone numbers for verification to assist in the detection of potential fraud, offers data that is 100% live, real-time data. ArkOwl does not pull from stale, potentially outdated databases. Additionally, all data requests are anonymised and requested through ArkOwl so individual data providers cannot track information on customers.

Technology providers such as ArkOwl, in partnering with NICE Actimize’s X-Sight Marketplace ecosystem, are reviewed for their ability to complement financial crime and compliance solutions. Once approved, software and service providers become available to the NICE Actimize community via the X-Sight Marketplace. FSOs can quickly browse through X-Sight Marketplace solution categories to find scalable options that solve their unique business problems.

Integrating insights from ArkOwl into NICE Actimize Integrated Fraud Management Platform, IFM-X, helps financial service organizations improve the accuracy of customer risk scoring when onboarding new customers or enrolling existing customers to new services. In addition, intelligence from ArkOwl helps organizations make better decisions based on payee risk in email-based payments services, especially those that provide immediate funds availability.

“ArkOwl appreciates this partnership with NICE Actimize as we bring innovation and business value to financial services organizations looking to add additional security to their operations through the secure validation of email addresses and phone numbers,” said Rob DalineCo-Founder & CEO, ArkOwl. “There is strong alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community and ArkOwl’s identify validation solutions. We look forward to building our presence on this innovative community platform.”

“We are excited that ArkOwl, who shares our common goal of fighting fraud and financial crime through the benefits of a Marketplace ecosystem, is partnering with us and joining the X-Sight Marketplace community,” said Craig Costigan, CEO, NICE Actimize. “By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.”

Additional categories that will be added to NICE Actimize’s X-Sight Marketplace from other partner participants will include: ID Verification, Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud. Additional partners will be announced as the X-Sight Marketplace grows.

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