NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI
15 Avril 2019 - 12:30PM
Business Wire
The robust combination of AI technology, with
NICE Actimize’s expertise in KYC/CDD, reduces customer review times
by up to 70 percent and increases the accuracy of high-risk
customer management
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management announces the
launch of CDD-X, the next-generation Know Your Customer/Customer
Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest
addition to the Actimize Autonomous AML solution set that leverages
the power of artificial intelligence and machine learning to
provide more accurate detection and customer risk scoring to reduce
compliance risk. Significant reduction in operational costs are
realized through the innovative use of visualization and
purpose-built intelligent automation to streamline customer review
times by up to 70 percent.
The Power of X-Sight AINICE Actimize CDD-X leverages the
secure cloud-based analytics optimization service, X-Sight
ActimizeWatch, to apply machine learning to enhance the accuracy of
risk ratings using the collective intelligence of previous
outcomes. New Predictive Risk Scoring analytics used in CDD-X lead
to better high-risk customer management, enhanced due diligence
(EDD), periodic review, and ongoing monitoring.
These analytics also streamline the onboarding process, critical
for financial services organizations looking to grow their
business, by reducing unnecessary customer friction while providing
the opportunity for better business interaction with their
customers. Managing analytics in the cloud introduces
cost-predictability and reduces the spend previously required to
optimize KYC-AML systems.
“NICE Actimize’s CDD-X is a game changer, helping organizations
bring relief to what is currently a massive spend, while improving
accuracy when assessing customer risk. A robust AML program starts
with a strong KYC/CDD process,” said Craig Costigan, CEO, NICE
Actimize. “Regulatory agencies across the globe are encouraging
financial institutions to explore technology innovations
incorporating AI and machine learning to improve their compliance
programs, and CDD-X is a good place to start in any journey to
stronger, more cost-effective AML compliance.”
Additional capabilities of the NICE Actimize CDD-X solution
include:
- Entity Insights – Provides a
visual, holistic view of entity risk for faster, simpler and more
precise resolution, offering massive efficiency gains for analyst
teams. Analysts may lack a holistic customer view and incomplete
data, which can lead to incorrect classification of the customer
risk. Enhanced customer profiles in CDD-X present up-to-date
information and risk factors, save time for the analysts, and offer
easy to enhance entity and alert information for more up to date
information such as Beneficial Ownership data.
- Intelligent Automation – Infused
with Actimize expertise, CDD-X includes embedded automation to
streamline tasks related to ultimate beneficial ownership (UBO),
adverse media, data flow with customer relationship management
(CRM) systems, and more.
- Data Source Library – By
enabling a curated set of pre-built connectors, CDD-X leverages 3rd
party risk factors to increase the accuracy of customer risk
ratings during onboarding and ongoing monitoring to provide more
intelligence to analysts. Additionally, the pre-built connectors
make integration simple where data acquisition and aggregation has
traditionally been difficult.
“Increased speed and efficiency in KYC-CDD is sorely needed to
reduce the operational burden of compliance and to support the
faster pace of digital financial services. Just in time, next
generation technologies like intelligent automation are
streamlining resource intensive KYC processes and bringing them
into the digital age,” said Neil Katkov, PhD, Head of Risk, at
research and advisory firm Celent.
NICE Actimize Autonomous Anti-Money Laundering SuiteNICE
Actimize’s Autonomous AML modernizes AML programs through a unique
combination of AI, machine learning, domain expertise, Intelligent
Automation and visual storytelling to better combat
money-laundering and terrorist financing. It keeps programs
up-to-date with regulatory compliance while creating a single
integrated view of the customer. In addition to CDD-X, the suite
includes solutions for Suspicious Activity Monitoring, Watch List
Filtering, Suspicious Transaction Activity Reporting (STAR),
Currency Transaction Reporting (CTR) and X-Sight ActimizeWatch,
secure cloud-based managed analytics service that delivers
laser-sharp financial crime detection by actively monitoring
analytics performance.
For more information:
- On NICE Actimize’s CDD-X Solution
e-book, please click here.
- On NICE Actimize’s CDD-X Solution
brochure, please click here.
- To register for NICE Actimize’s
upcoming May 21 webinar, “A Powerful AML Program Starts with the
New CDD-X,” please click here.
- On NICE Actimize Autonomous Financial
Crime Management (AFCM), please click here.
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 world's 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.
https://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. Costigan, 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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190415005259/en/
Corporate MediaCindy Morgan-Olson, 551-256-5202,
cindy.morgan-olson@niceactimize.com
InvestorsMarty Cohen, +1 551 256 5354, ET,
ir@nice.comYisca Erez +972 9 775 3798, CET, ir@nice.com
NICE (NASDAQ:NICE)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
NICE (NASDAQ:NICE)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024