NICE Actimize Accelerates Innovation with Industry-First Financial Crime Management Marketplace
17 Juin 2019 - 12:30PM
Business Wire
With the X-Sight Marketplace, financial
services organizations can access an ecosystem of best-of-breed
solutions
How can financial services organizations keep up with a changing
market landscape while confidently evolving their financial crime
strategy? NICE Actimize, a NICE business (Nasdaq: NICE) and
leader in Autonomous Financial Crime Management, today
announced the launch of the X-Sight Marketplace, the
industry’s first financial crime risk management-focused
marketplace designed to accelerate innovation by assisting
financial services organizations as they evaluate new point
solutions, assess the viability within their current
infrastructure, and move to keep up with a fast-changing regulatory
and criminal environment.
The NICE Actimize X-Sight Marketplace, an ecosystem
focused on financial crime and compliance, provides a new channel
for prospective buyers to connect with vendors. The agility of the
X-Sight Marketplace’s cloud environment, combined with the power of
artificial intelligence, delivers an overall improved customer
experience. There is minimized integration cost to financial
services organizations, resulting in a quicker time to value.
Technology providers that join NICE Actimize’s X-Sight
Marketplace ecosystem are reviewed for their ability to complement
financial crime and compliance solutions. Once approved, software
and service providers become available to the NICE Actimize
community via the X-Sight Marketplace. FSOs can quickly browse
through X-Sight Marketplace solution categories to find scalable
options that solve their unique business problems.
NICE Actimize’s X-Sight Marketplace initial solutions categories
will include: ID Verification, Ultimate Beneficial Ownership,
Value-added Data & Adverse Media, Watchlist, Device
Identification, and User Authentication & Fraud. Additional
categories will be announced as the X-Sight Marketplace grows.
The NICE Actimize X-Sight Marketplace provides business value to
financial services organizations and solution providers across
three focus areas:
- Faster Selection Process: The
NICE Actimize X-Sight Marketplace provides immediate access to
vendors specific to the financial crime and compliance market and
which have been reviewed to be fit for purpose. Financial services
organizations can choose from a variety of categories to quickly
find appropriate options that address their specific business
problems.
- Faster Assessment Process: For
financial services organizations looking to integrate additional
3rd party vendors into a larger financial crime and compliance
program, long implementation cycles are often the standard. Vendors
participating in the X-Sight Marketplace are pre-integrated into
the NICE Actimize portfolio, which makes measuring the impact of a
vendor as easy as doing a search and reviewing how the results
influence the overall processes.
- Agility to Innovate: Many
factors prevent a financial crime program from evolving to meet
regulatory and technological change. The marketplace approach
provides unparalleled coverage options and the ability to innovate
quickly to meet business requirements.
“The challenges of our financial services organization customers
seeking greater value in financial crime risk management are more
easily met with a focused marketplace community that offers them
greater accessibility as they incorporate new solutions into their
operations,” said Craig Costigan, CEO, NICE Actimize. “With
cloud as the enabler to deliver agility, combined with our
expertise in artificial intelligence, the X-Sight Marketplace
allows customers to choose or build the right solutions to resolve
their problems by reducing the burden of a long, difficult
deployment and integration cycle and thereby reducing costs.”
Concluded Costigan, “By joining the X-Sight Marketplace, FSOs
connect to an ecosystem that provides value by being part of a
collaborative approach with the market leader in financial crime
and compliance. Technology vendors benefit by partnering with a
trusted advisor that can facilitate access to our global customer
base.”
For more information on the X-Sight Marketplace, please
click here.
If you are a technology company or financial institution wishing
to be part of the first financial crime and compliance marketplace,
please contact us at info@niceactimize.com.
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. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005324/en/
Corporate MediaCindy Morgan-Olson,
551-256-5202,cindy.morgan-olson@niceactimize.com
InvestorsMarty Cohen, +1 551 256 5354, ETir@nice.com
Yisca Erez +972 9 775 3798, CETir@nice.com
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