Partnering with the X-Sight Marketplace,
buguroo will offer anti-fraud solutions utilizing Behavioral
Biometry and Malware Detection technology
Helping financial services organizations keep up with a changing
market landscape, NICE Actimize, a NICE business (Nasdaq:
NICE) and leader in autonomous financial crime
management, today announced that buguroo, specialists in anti-fraud
and online security, has joined the X-Sight Marketplace, the
industry’s first financial crime risk management-focused ecosystem
designed to assist financial services organizations evaluate new
point solutions and move to stay on top of a challenging regulatory
and criminal environment.
The X-Sight Marketplace leverages the X-Sight
Platform-as-a-Service and further expands the functionality offered
by the platform. The NICE Actimize X-Sight Platform-as-a-Service
offers a single, unified, cost-effective way for financial service
organizations to rapidly innovate and to introduce new services
while supporting best-in-class financial crime, risk and compliance
management capabilities.
buguroo, known for protecting customers at some of the world´s
leading financial institutions from impersonation and manipulation
attacks, will offer the NICE Actimize Marketplace an anti-fraud
solution that detects online fraud utilizing behavioral biometry
and malware detection technology. NICE Actimize customers could use
this capability to detect and prevent online fraud while improving
user experience.
Technology providers such as buguroo, in partnering with NICE
Actimize’s X-Sight Marketplace ecosystem, are first reviewed for
their ability to complement financial crime and compliance
solutions before joining the marketplace. 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.
“buguroo appreciates this partnership with NICE Actimize as we
bring innovation and business value to financial services
organizations through our unique approach to provide protection
against cyber-attacks involving identity theft or customer
manipulation present in any online fraud scheme,” said
Pablo de la Riva, CEO & Founder, buguroo.
“There is strong alignment between the industry-leading financial
crime solutions and platforms that NICE Actimize offers its
community and buguroo. We look forward to building our presence on
this innovative community platform.”
“buguroo shares our common goal of fighting financial crime
through the benefits of the X-Sight Marketplace community,” said
Craig Costigan, CEO, NICE Actimize. “By
connecting via a cloud environment, community participants will
experience a quicker time to value and minimized integration cost
as they evaluate new solutions for their financial services
organizations. We look forward to developing our relationship with
buguroo as the X-Sight Marketplace grows.”
Additional categories that will be added to NICE Actimize’s
X-Sight Marketplace from other partner participants will include:
ID Verification, Ultimate Beneficial Ownership, Value-added Data
& Adverse Media, Watchlist, Device Identification, and User
Authentication & Fraud. Additional partners will be announced
as the X-Sight Marketplace grows.
About buguroo
buguroo is a Spanish company with more than 15 years of fraud
prevention experience. Since 2015, buguroo has offered a
comprehensive solution for online fraud prevention known as
bugFraud. With this solution, companies with high Internet exposure
across the globe protect their customers in real time from
phishing, malware and Account Takeover.
The use of Deep Learning and Behavioral Biometrics, and a team
of experts with more than 15 years’ experience in cybersecurity,
have made buguroo a global leader in the fight against online
fraud. It is this leadership that led Gartner, Inc. to name buguroo
a "Cool Vendor" in 2016 for its bugFraud solution and for the
company to garner the CyberSecurity Breakthrough Award as the best
anti-fraud solution of 2018, among many other accolades.
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 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 www.niceactimize.com, @NICE_Actimize or Nasdaq:
NICE.
About NICE
NICE (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 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 Craig 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/20190717005078/en/
Corporate Media Contact Cindy Morgan-Olson, 551-256-5202,
cindy.morgan-olson@niceactimize.com Investors Marty Cohen,
+1 551 256 5354, ET, ir@nice.com Yisca Erez +972 9 775 3798, CET,
ir@nice.com
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