NEW YORK, June 11, 2014 /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,
has been recognized in the 2014 Aite Group Market Impact report,
"Enterprise Fraud Management: Still Evolving After All These
Years." The Aite report profiled only those enterprise fraud
management (EFM) providers whose solutions included a robust alert
and case management system, along with key fraud prevention
modules. Aite Group is an independent research and advisory firm
focused on business, technology and regulatory issues and their
impact on the financial services industry.
NICE Actimize, with more than a decade of experience in
providing enterprise fraud solutions to leading global financial
institutions, was one of only eight established enterprise fraud
management providers included in the report. Several emerging
players were also covered in the analysis.
In addition to an analysis of the EFM landscape, the report
provided a vendor comparison of the breadth and depth of the
solutions offered by the EFM providers across eleven fraud
prevention point solutions, including most types of check fraud,
debit and credit card fraud, online fraud, contact center fraud,
ACH and wire fraud, ATM fraud, employee fraud and new account
fraud. NICE Actimize demonstrated capabilities in nearly all of the
solutions listed.
"In our study of the market, we found that a number of
enterprise fraud management providers offered a full view of
customers and their activity through robust case management tools
that can integrate the outputs of all fraud-prevention systems
including their own," said Shirley
Inscoe, research analyst, Aite Group LLC and author of the
report. "This ability is necessary to detect fraud effectively and
reduce false positives to a manageable level. NICE Actimize
provides these capabilities."
"We agree with Aite's conclusion that financial institutions
should consider a centralized approach to enterprise fraud
management," said Joe Friscia,
president of NICE Actimize. "In addition to the benefits of greater
operational efficiency, this approach helps the enterprise risk
management team identify emerging new threats and manage new
products or technologies that are implemented. An integral part of
this approach to combatting fraud attacks is a centralized risk
case management and alerts system. As fraudsters strengthen their
resources, NICE Actimize is continually investing in research and
development to find new ways to stay ahead of this evolving threat
landscape."
The Actimize Integrated Fraud Management suite enables
institutions to protect commercial and retail customers from fraud
across multiple payment channels, including mobile, contact center
and online, enabling effective cross-channel, real-time fraud
detection and prevention capabilities. In addition, it can ingest
information from third party or in-house fraud systems providing a
centralized view of the organizations' fraud ecosystem to reduce
fraud losses, improve efficiency and enhance exceptional customer
service.
In the report's review of emerging players in the field of
enterprise fraud management, a strong case management capability
was one of the key recommendations most mentioned as an area for
new companies to develop.
The Aite Group Enterprise Fraud Management Report is based on
interviews and demos with EFM providers, financial institution
executives, and Aite Group's in-house knowledge.
About Aite Group
Aite Group is an independent research and advisory firm focused
on business, technology, and regulatory issues and their impact on
the financial services industry. With expertise in banking,
payments, wealth management, capital markets, and insurance, Aite
Group's analysts deliver comprehensive, actionable advice to key
market participants in financial services. Headquartered in
Boston with a presence in
Chicago, New York, San
Francisco, London, and
Milan, Aite Group works with its
clients as a partner, advisor, and catalyst, challenging their
basic assumptions and ensuring they remain at the forefront of
industry trends.
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, @NICE_Actimize or
NASDAQ:NICE.
About NICE Systems
NICE (NASDAQ: NICE) is the worldwide leader of software
solutions that deliver strategic insights by capturing and
analyzing mass quantities of structured and unstructured data in
real time from multiple sources, including phone calls, mobile
apps, emails, chat, social media, and video. NICE's solutions
enable organizations to take the Next-Best-Action to improve
customer experience and business results, ensure compliance, fight
financial crime, and safeguard people and assets. NICE solutions
are used by over 25,000 organizations in more than 150 countries,
including over 80 of the Fortune 100 companies.
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.
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.
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 Messer Friscia, are
based on the current expectations of the management of NICE-Systems
Ltd. (the Company) only, and 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) and the resulting uncertainties; 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; pressure on
pricing resulting from competition; and inability to maintain
certain marketing and distribution arrangements. 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.
Press Contacts:
Cindy Morgan-Olson
+1-212-851-8842
NICE Actimize
cindy.morgan-olson@actimize.com
Investors:
Marty Cohen
+1-212-574-3635 (ET)
NICE Systems Ltd.
ir@nice.com
SOURCE Nice Systems Ltd.