NICE Actimize wins 2024 FinTech Breakthrough for Best AML Solution

NICE Actimize’s AML solutions make use of best-in-class AI, data intelligence, graph analytics, anomaly detection, collective intelligence and a unified cloud platform
BusinessWireApril 19, 20244 min

NICE Actimize, a NICE business announced that its entity-centric Anti-Money Laundering (AML) solutions have been selected as the winner of the “Best Anti-Money Laundering Solution ” award in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

FinTech Breakthrough highlighted NICE Actimize’s family of AML solutions, including Suspicious Activity Monitoring (SAM10), Sanctions and Risk Screening (WL-X), Suspicious Transaction Activity Reporting (STAR), Customer Due Diligence (CDD-X), Currency Transaction Reporting (CTR), Customer Trust Profiles and Scores (X-Sight Entity Risk), Cryptocurrency Intelligence and Entity Resolution.

Noted FinTech Breakthrough judges, “This suite of technologies makes use of best-in-class AI, data intelligence, graph analytics, anomaly detection, collective intelligence and a unified cloud platform.”

“As we continue to modernize transaction monitoring components with key advancements in both AI and generative AI for AML, our customers will look to optimize efficacy and accuracy while achieving full compliance coverage and auditability,” said Craig Costigan, CEO, NICE Actimize. “As this award suggests, NICE Actimize is a breakthrough solutions provider in terms of the breadth and depth of functionality of its anti-money laundering solutions portfolio.”

“Key for agility, scalability and data insights, financial institutions across the globe have increased the use of external information and data integration in their AML/CFT systems, supported by more advanced technology, to identify high-risk relationships, suspicious transactions and networks,” said Steve Johansson, Managing Director, FinTech Breakthrough. “NICE Actimize’s breadth and depth of functionality of its AML solutions, including its Suspicious Activity Monitoring (SAM) transaction monitoring solution, helps financial institutions accomplish these steps and address the significant challenges facing global financial institutions today.”

The FinTech Breakthrough team also noted that, “NICE Actimize’s AML suite also supports all currencies, with daily exchange rates loaded into the solution, and can support any language character set that the client’s database supports, including language direction (RTL/LTR). Customers can opt to translate UI displays during the implementation process to ensure local personnel use the preferred language in that region.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.

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