NEW YORK, January 19, 2016 /PRNewswire/ --
NICE Actimize, a NICE Systems
(NASDAQ:NICE) business and the largest and broadest provider of
financial crime, risk and compliance solutions for the financial
services industry, has been selected by Fifth Third Bancorp, a
diversified financial services company, to provide Customer Due
Diligence (CDD) anti-money laundering software to help it move to a
more automated, centrally managed environment for its customer
onboarding risk assessment processes.
Fifth Third will utilize NICE Actimize's Core Risk Rating
Engine, which leverages extensive out-of-the-box and user-defined
risk factors to systematically assess customer risk as customer
characteristics change and business environments adapt. From
customer onboarding to ongoing risk monitoring to account closure,
the NICE Actimize CDD solution is designed to enable integrated
anti-money laundering lifecycle management.
"Fifth Third Bancorp continues our relationship with NICE
Actimize which offers us deep domain expertise coupled with
industry-proven solutions and best practices," said Paul Dougherty, Senior Vice President and
Director of Financial Crimes Compliance at Fifth Third.
Explains Edward Sander, Global VP
and General Manager, AML, NICE Actimize: "At NICE Actimize, we are
totally focused on our customers' needs in the financial services
industry, so we are pleased to continue our longstanding
relationship with Fifth Third as it continues to enhance its
existing financial crime programs. A strong, automated KYC/CDD
approach provides financial institutions with an important
competitive advantage, allowing them to onboard new customers more
quickly."
For more information on the new Actimize CDD Suite, visit
here.
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio.
As of September 30, 2015, the Company
had $142 billion in assets and
operates 1,295 full-service Banking Centers, including 99 Bank
Mart® locations, most open seven days a week, inside select grocery
stores and 2,650 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Pennsylvania,
Missouri, Georgia and North
Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and
Investment Advisors. Fifth Third also has a 22.8% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of September
30, 2015, had $297 billion in
assets under care, of which it managed $25
billion for individuals, corporations and not-for-profit
organizations. Investor information and press releases can be
viewed at http://www.53.com . Fifth Third's common stock is traded
on the NASDAQ® Global Select Market under the symbol "FITB".
http://www.53.com
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.niceactimize.com , @NICE_Actimize or
NASDAQ:NICE.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of
enterprise software solutions that empower organizations to make
smarter decisions based on advanced analytics of structured and
unstructured data. NICE solutions help the world's largest
organizations deliver better customer service, ensure compliance,
combat fraud and safeguard citizens. Over 25,000 organizations in
more than 150 countries, including over 80 of the Fortune 100
companies, are using NICE solutions. http://www.nice.com.
Trademark note: Actimize, the Actimize logo, NICE, and
the NICE logo are trademarks or registered trademarks of NICE
Systems Ltd. and/or its subsidiaries. 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 Mr. Sander, 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@niceactimize.com
Investors:
Marty Cohen
+1-212-574-3635 (ET)
ir@nice.com
Yisca Erez
+972-9-775-3798 (CET)
NICE Systems Ltd.
ir@nice.com
SOURCE NICE Systems