HOBOKEN, N.J.--(BUSINESS WIRE)--
NICE Actimize, a NICE (NASDAQ: NICE) business, and a leader in Autonomous Financial Crime Management, has been recognized by Chartis Research as a Category Leader in its recently released “Financial Crime Risk Management Systems: AML and Watchlist Monitoring Market Update and Vendor Landscape, 2019” research report. The Chartis RiskTech® Quadrant for AML and Watchlist Monitoring showed evaluations of 27 vendors across two key assessment dimensions: “Completeness of Offering” and “Market Potential”.
As a Category Leader, Chartis cited NICE Actimize’s leading strengths as its advanced capabilities in regulatory compliance controls and reporting, along with its case management function. Other capabilities assessed were name and transaction screening, breadth of name screening sources offered, transaction monitoring, advanced analytics and visualizations and dashboarding.
Scoring NICE Actimize on its “Completeness of Offering”, Chartis considered such factors as depth and breadth of functionality, data management and technology infrastructure, risk analytics, reporting and presentation layer. High scores are given to those firms that achieve an appropriate balance between sophistication and user-friendliness. In addition, functionality linking risk to performance is given a positive score. “Market Potential” criteria used in the evaluation included such factors as market penetration, brand awareness, momentum, innovation, customer satisfaction, sales execution and financial stability.
Craig Costigan, CEO, NICE Actimize:
“NICE Actimize has
transformed the anti-money laundering industry’s approach to fighting
financial crime. Last year, we successfully introduced Autonomous
Financial Crime Management to the AML category, including our suspicious
activity monitoring solution which detects complex financial crime while
increasing productivity, representing a massive shift in unifying and
mitigating risk through targeted utilization of big data, advanced
analytics everywhere, Artificial Intelligence and intelligent
automation. NICE Actimize continues to make substantial investments in
its anti-money laundering portfolio and we are honored that Chartis has
once again recognized us as a Category Leader in this year’s AML
RiskTech Quadrant.”
Rob Stubbs, Head of Research, Chartis:
“Many vendors provide
AML as part of their solution set because AML components are
increasingly incorporated into a wide range of processes (including
operational processes such as KYC and CLM). Incumbent and established
providers tend to dominate among specialist AML and sanctions solutions
providers, and the combination of analytics challenges and FIs’ low risk
appetites means that ‘trusted’ vendors have significant and durable
market presence."
“As a Category Leader in this report, we note that NICE Actimize is innovating to address a broad range of issues facing FIs, while offering a deep and broad portfolio of transaction monitoring and watchlist filtering functionalities.”
Chartis Research also positioned NICE Actimize as a Category Leader in its "Financial Crime Risk Management Systems: Know Your Customer, Market Update 2018" research report. The Chartis RiskTech® Quadrant for KYC Solutions evaluated 22 vendors across two key dimensions: "Completeness of Offering" and "Market Potential".
Additional assets:
- For information on the NICE Actimize Autonomous AML portfolio, please .
- For information on the NICE Actimize Suspicious Activity Monitoring solution, please .
- For NICE Actimize ActOne Investigation Management, .
About Chartis
Chartis Research is the leading provider of
research and analysis on the global market for risk technology. It is
part of Infopro Digital, which owns market-leading brands such as Risk
and WatersTechnology. Chartis’ goal is to support enterprises as they
drive business performance through improved risk management, corporate
governance and compliance, and to help clients make informed technology
and business decisions by providing in-depth analysis and actionable
advice on virtually all aspects of risk technology.
RiskTech Quadrant®, RiskTech100® and FinTech
QuadrantTM are registered trademarks of Infopro Digital
Services
Limited ().
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 ,
@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.
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: .
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. 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, 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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