NEW YORK, May 31, 2012 /PRNewswire/ --
NICE Actimize, a NICE Systems (NASDAQ:NICE) company and the
largest and broadest provider of a single financial crime, risk and
compliance software platform for the financial services industry,
today announced that Associated Banc-Corp (NASDAQ: ASBC), a major
US financial services holding company, has chosen NICE Actimize to
implement a range of anti-money laundering and enterprise fraud
technology solutions to support the bank's financial crime
strategy.
By supporting the organization's fraud and AML needs, Associated
states that the launch of NICE Actimize next-generation
technologies provides a range of benefits, including the ability to
detect patterns of activity across organizational silos which will
allow them to reduce operational costs, obtain better quality
alerts, and reduce risk.
Launching the bank's vision for a complete financial crime
platform that leverages critical customer data and unifies the
institution's view of risk, Associated is initially deploying
integrated Actimize Anti-Money Laundering solutions that include
suspicious activity monitoring (SAM), customer due diligence (CDD)
and case management capabilities.
Later in the year, the bank will begin to implement Actimize
Integrated Fraud Management solutions which provide comprehensive
end-to-end fraud lifecycle management across multiple interaction
channels. The solutions enable a customer-centric approach
including monitoring remote channels protecting a range of consumer
activities including mobile banking; solutions that address the
unique needs of business clients and high volume payments
operations; capabilities that minimize fraud risk for incoming
funds; and protections for the integrity of the bank's own
internal operations and business processes.
According to Arthur Heise,
Executive Vice President and Chief Risk Officer, Associated
Banc-Corp: "We were looking to adopt a dynamic platform that allows
us to enhance our current risk management processes, improve our
readiness for future regulatory expectations, and above all help us
provide our customers with the experience and security they expect
from Associated."
"Financial institutions understand that effective financial
crime management is one of the single biggest factors today
impacting both operational efficiency and, ultimately, their
reputation to their customers," said Amir Orad, President and CEO
of NICE Actimize. "Our experience in helping institutions of all
sizes develop and execute a financial crime strategy will allow us
to help Associated address these challenges today, while preparing
the institution for the future."
About Associated Banc-Corp
Associated Banc-Corp (NASDAQ: ASBC) has total assets of
$22 billion and is one of the top 50
financial services holding companies operating in the United States. Headquartered in
Green Bay, Wis., Associated has
more than 250 banking locations serving more than 150 communities
throughout Wisconsin, Illinois and Minnesota. The company offers a full range of
banking services and other financial products and services.
Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity
Lender and Member FDIC.
NICE Actimize, a NICE Systems (NASDAQ: NICE)
company, is the world's largest and broadest financial
crime, risk and compliance solutions provider. The company provides
real-time and cross-channel fraud prevention, anti-money
laundering, enterprise investigations, risk management and trading
surveillance solutions built upon a single flexible software
platform. Implemented by the majority of the world's largest
financial institutions, including all of the top 10 banks, the
company's solutions enable clients to mitigate financial crime
risk, improve compliance, and reduce operational costs.
http://www.actimize.com.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leader of
intent-based solutions that capture and analyze interactions and
transactions, realize intent, and extract and leverage insights to
deliver impact in real time. Driven by cross-channel and
multi-sensor analytics, NICE solutions enable organizations to
improve business performance, increase operational efficiency,
prevent financial crime, ensure compliance, and enhance safety and
security. NICE serves over 25,000 organizations in the enterprise
and security sectors, representing a variety of sizes and
industries in more than 150 countries, and including over 80 of the
Fortune 100 companies. http://www.nice.com.
Trademark note: Actimize, the Actimize logo, NICE, and
the NICE logo are trademarks or registered trademarks of NICE
Systems. All other marks are trademarks of their respective owners.
For a full list of NICE Systems' marks, please see:
http://www.nice.com/nice-trademarks.
Press Contacts:
Cindy
Morgan-Olson
+1-212-851-8842
NICE Actimize
cindy.morgan-olson@actimize.com
Investors:
Marty
Cohen
+1-212-574-3635 (ET)
Anat Earon-Heilborn
+972-9-775-3798 (CET)
NICE Systems Ltd.
ir@nice.com
SOURCE NICE Systems Ltd.