NICE Actimize, a NICE (NASDAQ: NICE) business, today announced that Global Banking and Finance Review, a financial media platform with over three million readers worldwide, has awarded the company three honors spanning three major geographical areas, including North America, Europe, and Asia Pacific, recognizing excellence as a “Most Innovative Anti-Money Laundering Solution” provider.
NICE Actimize’s Anti-Money Laundering Solution suite provides the power and flexibility to effectively manage risks end to end throughout the entire customer life cycle. With industry-proven, AI and machine learning, the solution suite creates intelligent peer segments, optimizes detection models to aid detection accuracy and uses predictive analytics to identify and prioritize truly suspicious alerts, sending high-risk alerts to the right team at the right time and ensuring effective outcomes and accurate Suspicious Activity Report (SAR) filings.
Quickly adapting to changing risks and regulations, NICE Actimize anti-money laundering solutions also capitalize on its technology and product enhancements with X-Sight Enterprise, NICE Actimize’s SaaS offering, a flexible, cost-effective and scalable alternative to its proven on-premise offering.
Wanda Rich, Editor, Global Banking and Finance Review, said, “Our judges and editorial team congratulate NICE Actimize for its outstanding contributions to innovative anti-money laundering solutions across three major global markets. The breadth of its solutions across all core areas of anti-money laundering, and continuous investment in R&D, has led to a significant impact on KPIs and an ability to solve broad and complex customer challenges.”
Explains Craig Costigan, CEO, NICE Actimize, “NICE Actimize’s anti-money laundering (AML) solutions strengthen a financial institution’s understanding of their customer by putting the entity at the center of all AML risk management processes. NICE Actimize’s entity-centric AML solutions, infused with AI and machine learning, optimize efficacy and accuracy while providing regulatory compliance coverage.”
NICE Actimize’s anti-money laundering solutions include the following capabilities:
- Onboarding and KYC: A seamless KYC experience with dynamic customer information collection, integrated data enrichment, and ultimate beneficial ownership insights for fast and informed onboarding and KYC decisions.
- Screening: NICE Actimize’s always-on payments and party screening solution with integrated third-party risk data, biometrics, and advanced analytics, provides pinpoint accurate screening results.
- Transaction Monitoring: Suspicious activity monitoring capabilities provide flexible and comprehensive coverage for all money laundering red flags. With AI-powered, AML-tailored analytics, NICE Actimize’s suspicious activity monitoring continually optimizes monitoring and detection to route high-risk alerts to the right team at the right time.
The 2022 Global Banking & Finance Awards® recognitions included the following winning categories for NICE Actimize: Most Innovative Anti-Money Laundering Solution North America 2022; Most Innovative Anti-Money Laundering Solution EMEA 2022; and Most Innovative Anti-Money Laundering Solution APAC 2022.
Please click here for further information on NICE Actimize’s industry-leading anti-money laundering solutions.
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