NICE Actimize Chosen by Thailand’s Bank of Ayudhya to Manage Anti-Money Laundering Compliance with Intelligent Automation
10 Septembre 2018 - 1:00PM
Business Wire
NICE Actimize’s automated AML and case
management solutions will reduce investigation time and overall
cost of compliance for the bank
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management, has been
chosen by Bank of Ayudhya/Krungsri, Thailand’s fifth largest
financial institution, to transform its anti-money laundering
compliance and case management platform. To more effectively meet
the needs of its regulators and support its growing customer base,
Bank of Ayudhya will implement NICE Actimize’s recently launched
Suspicious Activity Monitoring (SAM9) solution, as well as
Actimize ActOne, an investigation management system
utilizing intelligent automation that will serve as the financial
institution’s next generation alert and case management
platform.
"Krungsri Group’s core philosophy is founded on good governance
with a steadfast commitment to fight against money laundering and
financial crime. The NICE Actimize solutions, using intelligent
automation and a strong case management approach, are designed to
enrich our anti-money laundering efforts and strengthen our program
to counter terrorist financing activities,” said Saengchart
Wanichwatphibun, Chief Compliance Officer, Bank of
Ayudhya. “Since the NICE Actimize solutions go beyond the
traditional rules-based controls, with the addition of machine
learning and robotics to reduce false-positive alerting and to
speed up investigations, we believe that they will contribute to
our efforts to make our fight against financial crime more
efficient and effective.”
“This important implementation for NICE Actimize in Southeast
Asia demonstrates the strength and accessibility of our end-to-end
offerings,” said Joe Friscia, President, NICE Actimize. “We
are seeing major adoption around the globe for our AI-enabled
anti-money laundering and case management solutions. When
integrated, our AML and ActOne solutions provide increased accuracy
and productivity, improved return on investment and a clear path to
supporting regulator requirements.”
NICE Actimize's latest versions of its Suspicious Activity
Monitoring (SAM) solution, which combines machine learning
analytics for laser-accurate crime detection with robotic process
automation, virtually eliminates costly manual data gathering tasks
thereby increasing team productivity and reducing investigation
time for a single alert by up to 70 percent. The new Suspicious
Activity Monitoring solution introduces NICE Actimize's innovative
concept of Autonomous Financial Crime Management to the anti-money
laundering category for the first time.
Additional assets:
- For NICE Actimize’s integrated
anti-money laundering solutions, please click here.
- For NICE Actimize’s ActOne
Investigation Management, please click here.
About Krungsri(Krungsri) Bank of Ayudhya PCL and its
group of companies is the fifth largest financial group in Thailand
in terms of assets, loans, and deposits, and one of Thailand’s five
Domestic Systemically Important Banks (D-SIBs) with 74 years of
history in the country. Krungsri is a strategic member of the
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial
group and one of the world’s largest financial organizations.
Krungsri provides a comprehensive range of banking, consumer
finance, investment, asset management, and other financial products
and services to individual consumers, SMEs, and large corporations
through 701 branches (664 Banking Branches and 37 Auto Business
Branches) and over 34,000 service outlets nationwide. The Krungsri
Group is the largest card issuer in Thailand with 8.7 million
credit cards, sales finance, and personal loan accounts in its
portfolio; a major automobile financing service provider (Krungsri
Auto); one of the fastest growing asset management companies
(Krungsri Asset Management); and a pioneer in microfinance (Ngern
Tid Lor).
Krungsri is strongly committed to the highest level of
integrity in conducting its business. All Krungsri Group companies
have been awarded accreditation from the Private Sector Collective
Action Coalition Against Corruption (CAC) in collaboration with
industry peers and stakeholders on a zero-tolerance approach to
corruption.
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: https://www.businesswire.com/news/home/20180910005419/en/
NICECorporate MediaCindy Morgan-Olson,
201-551-5202cindy.morgan-olson@niceactimize.comorInvestorsMarty
Cohen, +1 551 256 5354, ETir@nice.comorYisca Erez +972 9 775 3798,
CETir@nice.com
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