Machine Learning Meets Consortium Data: NICE Actimize Launches ActimizeWatch, a Fraud Analytics Optimization Solution
19 Avril 2017 - 1:00PM
Business Wire
“ActimizeWatch” leverages the power of the
cloud for proactive data monitoring
NICE Actimize, a NICE (Nasdaq:NICE) business and the
industry's largest and broadest provider of a single financial
crime, risk, and compliance software platform for the financial
services industry has introduced ActimizeWatch, a cloud-based,
fraud analytics optimization solution that uses consortium data to
detect fraud-related attacks before they spread from one financial
services organization to another.
Working in a cloud environment, NICE Actimize’s new
ActimizeWatch solution continually monitors anonymized
transactional data which has been pulled in from a wide range of
financial services organizations, using machine learning to
identify emerging threats. ActimizeWatch users receive enhanced,
individualized analytics that speed the identification of fraud,
while reducing operational costs for fraud departments.
ActimizeWatch then puts this intelligence to work, dynamically
optimizing analytics for rapid delivery. Additionally,
ActimizeWatch provides ongoing fraud intelligence and email
advisories to keep financial services organizations abreast of
emerging threat patterns, including information about targeted
attacks against new faster payment types and digital channels.
“In this environment, fraudsters are innovating almost as
quickly as the banks, and not just moving from channel to channel,
but also moving from bank to bank,” said Joe Friscia, president,
NICE Actimize. “When fraud hits this fast, it is imperative that
analytics adapt and change more quickly. We predict that firms will
update their approach to data sharing and collaboration by moving
optimization to the cloud and working more closely together as an
industry to stop fraud dead in its tracks.”
For additional information on NICE Actimize’s ActimizeWatch
solution, please click here.
About NICE ActimizeNICE 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
www.niceactimize.com, @NICE_Actimize or Nasdaq:NICE.
About NICENICE (Nasdaq:NICE) is the worldwide 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.
www.nice.com.
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: www.nice.com/nice-trademarks.
Forward-Looking StatementsThis 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. Friscia, 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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version on businesswire.com: http://www.businesswire.com/news/home/20170419005572/en/
NICE ActimizePress Contact:Cindy Morgan-Olson,
+1-551-256-5000cindy.morgan-olson@niceactimize.comorNICE
Ltd.Investors:Marty Cohen, +1 551
256-5354ir@nice.comorYisca Erez, +972-9-775-3798ir@nice.com
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