HOBOKEN, N.J.--(BUSINESS WIRE)--
Autonomous is here! As financial services organizations turn to automation to improve efficiency and provide cost reductions, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, is releasing its new Actimize ACTone, an artificial intelligence-enabled investigation management system that serves as the next generation alert and case management platform for financial services organizations (FSOs). NICE Actimize’s “ACTone” reduces investigation time for a single alert by up to 70 percent and improves analyst’s decision making.
Leveraging the Autonomous Financial Crime Management (AFCM) approach and AI-driven automation, Actimize ACTone transforms financial crime investigations and compliance operations by introducing analytics and automation at every step of the financial crime detection, investigations and operations process. This powerful combination of features and technologies enables FSOs to deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and enables a complete paradigm shift in tackling financial crime investigations.
NICE Actimize’s ACTone provides a unified platform to manage alerts and cases from a wide ecosystem of financial crime solutions. With this approach, any financial crime system can be transformed by applying AI-enabled robotics and automation to its ecosystem. “ACTone” refers to “one platform” for any financial crime solution. Together with NICE Actimize’s Autonomous Financial Crime Management approach, they provide the key to better resource utilization, increased accuracy and productivity, and improved return on investment.
Joe Friscia, President, NICE Actimize
“This paradigm shift,
as reflected in our release of the new ACTone investigation management
system is another proof-point in our march towards bringing the vision
of Autonomous Financial Crime Management to reality. ACTone seamlessly
merges technology and data to both improve productivity and to turn raw
data into actionable intelligence. In an autonomous world, instead of
machines assisting humans to complete work, humans will assist the
machines. With financial criminals getting smarter every day, it’s time
for us to do the same. This is why we are so committed to our vision of
Autonomous Financial Crime management which provides these benefits and
more as we attack all aspects of financial crime.”
Shirley W. Inscoe, Senior Analyst, Aite Group
“As financial
crime attempts continue to increase, financial institutions can be
overwhelmed, and they cannot always increase staff to handle higher
alert volumes. Using automation to gather data and perform some steps of
the investigation will enable analysts to be more efficient and
disposition more alerts daily without sacrificing work quality.”
Key capabilities of the new Actimize ACTone Investigation Manager also include:
- Entity Insights™: Discovers visual relationships across entities, as well as connections between alerts and entities, which serves to uncover risks and reveal deeper insights.
- Virtual Workforce: Eliminates manual data gathering and significantly reduces operational costs and errors with easy-to-configure robotics process automation.
- Entity Risk: Assigns a dynamic risk score to every entity using machine learning to help analysts better prioritize their efforts and make faster decisions.
- Activity Center: Provides immediate notifications on changes to any case or work item, whether that action is taken by other analysts or robots, enabling unmatched collaboration.
- Visual Storytelling and Modern User Experience: Offers intuitive navigation with maximized real-estate utilization and graphical data representations which provide instant insights.
Actimize ACTone Investigation Manager, based on the widest set of financial services organization real-life investigation scenarios in the market, will first be included in NICE Actimize’s Suspicious Activity Monitoring (SAM) anti-money laundering solution announced recently, as well as within its enterprise fraud and financial markets compliance solutions.
NICE Actimize’s recently-announced Autonomous Financial Crime Management approach represents a massive shift in unifying and mitigating risk through targeted utilization of big data, advanced analytics everywhere, artificial intelligence and robotic process automation which in concert reduce reputational risk.
For additional information:
- NICE Actimize ACTone Investigation Management solutions, click here.
- NICE Actimize Suspicious Activity Monitoring solution, click here.
- NICE Actimize Autonomous Financial Crime Management approach, click here.
- On-demand anti-money laundering and financial crime webinars, click here.
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.
About 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.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.
Forward-Looking Statements
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 Ms. Inscoe 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.
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