NEW YORK, May 2, 2013 /PRNewswire/ --
NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the
largest and broadest provider of a single financial crime, risk and
compliance software platform for the financial services industry,
announced today that the company was positioned as a Category
Leader in the Chartis RiskTech
Quadrant[TM] for Anti-Money
Laundering Solutions. Additionally, its suite of Anti-Money
Laundering solutions received the highest position in terms of
"completeness of offering" within the global vendor landscape.
Chartis provides research and analysis on the global market for
risk management technology.
The report, which covers the competitive market landscape of AML
vendors and technologies, uses Chartis's proprietary RiskTech
Quadrant™ to explain the structure of the market. The RiskTech
Quadrant™ uses a comprehensive methodology of in-depth independent
research and a scoring system to explain which technology solutions
meet an organization's needs.
According to the Chartis report, there is a significant
long-term trend towards increased AML regulations and stricter
supervision. Chartis notes that financial institutions need to be
able to cope with more screening, a higher volume of watch-list
names, and stricter regulation.
"In updating their AML systems, financial institutions are
looking to take advantage of recent innovations, such as more
advanced analytics and real-time technologies," said Peyman Mestchian, Managing Partner at Chartis
Research. "NICE Actimize's ongoing
investment in product and service innovation has positioned it a
leader in AML solutions."
"The anti-money laundering regulatory environment has evolved
dramatically in the past few years. We are seeing
unprecedented requirements and penalties worldwide," said Amir
Orad, president and CEO of NICE Actimize. "NICE Actimize remains
committed to ongoing investments that will enable firms to address
the increasingly challenging regulatory landscape. We are honored
that our commitment, global leadership and deep expertise has once
again been recognized by Chartis."
Chartis defines 'Category Leaders' as those risk technology
vendors that "have the necessary depth and breadth of
functionality, technology, and content, combined with the
organizational characteristics to capture significant market share
by volume and value." Additionally, the report states, Category
Leaders can address the needs of very large clients with complex
risk management and technology requirements, as well as addressing
the needs of smaller clients with standardized requirements looking
for integrated solutions from a single vendor.
In establishing the criteria for the "completeness of offering"
designation, Chartis considered five critical attributes including
depth of functionality, which included level of sophistication,
detailed features and user-friendliness; breadth of functionality;
data management and technology.
The Actimize Anti-Money Laundering solutions suite offers
end-to-end coverage of anti-money laundering regulations, and
includes full lifecycle monitoring from onboarding to transaction
and sanctions monitoring capabilities. The suite combines focused
models, rules and profiles with advanced analytics to help
financial institutions comply with anti-money laundering
regulations from agencies around the world, and covering such
additional functions as identification of suspicious activities and
high-risk customers. The Actimize FATCA Compliance solution enables
complete lifecycle assessment to identify, manage, and report on
the FATCA status of customers, business entities, and owners. The
company's proven expertise and packaged offerings are dedicated to
banking, securities, insurance and regulatory bodies.
About Chartis Research
Chartis is recognized internationally as the leading research
and advisory firm focused exclusively on the risk technology
market. For more information visit http://www.chartis-research.com.
RiskTech Quadrant™ is a registered trademark of Chartis Research
Limited. Chartis Research is authorized and regulated by the
Financial Services Authority (FSA) for providing investment
advice.
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 http://www.nice.com/actimize.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of
software solutions that enable organizations to take the next best
action in order to improve customer experience and business
results, ensure compliance, fight financial crime, and
safeguard people and assets. NICE's solutions empower organizations
to capture, analyze, and apply, in real time, insights from both
structured and unstructured Big Data. This data comes from multiple
sources, including phone calls, mobile apps, emails, chat, social
media, video, and transactions. NICE solutions are used by
over 25,000 organizations in more than 150 countries, including
over 80 of the Fortune 100 companies. http://www.nice.com
Trademark Note: 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
NICE Actimize
+1-212-851-8842
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.