NICE Actimize Joins Financial Conduct Authority’s TechSprint, Highlighting Innovation in Anti-Money Laundering & Financial ...
24 Juillet 2019 - 12:30PM
Business Wire
The targeted series of activities demonstrate
how advanced analytics and automation technologies support more
effective AML programs
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in autonomous financial
crime management, is joining the Financial Conduct Authority
(FCA) Global Anti-Money Laundering and Financial Crime TechSprint,
featuring a packed schedule of technology presentations designed to
showcase innovations such as advanced analytics and automation
which serve as a catalyst for change in the fight against money
laundering and financial crime. The FCA is the conduct regulator
for 58,000 financial services firms and financial markets in the UK
and the prudential regulator for over 18,000 of those firms.
To be conducted from July 29 to August 2, the FCA Global
Anti-Money Laundering and Financial Crime TechSprint features
industry technologists and subject matter experts from the
financial crime and anti-money laundering industry who gather to
collaborate to address specified problems and use cases through
dialogue and building prototype technology solutions. The FCA is
focused on anti-money laundering and financial crime issues because
It is estimated that at least $1.6 trillion is laundered through
the global financial system each year, while only 1% of global
illicit financial flows are being seized and frozen.
Over the five days, it is expected that participants from about
60 firms spanning 10 countries – together with regulators and law
enforcement agencies from the United States, Europe, Middle East
and Asia Pacific – will gather at the event to be held at the FCA’s
offices at 12 Endeavor Square, London.
The event activities in which NICE Actimize will participate
include:
- TechTalk and Demo Day – Designated as August 2, NICE Actimize’s
Achi Hackmon, Chief Technology Officer, will represent the firm at
this exclusive day set aside for decision makers from the industry
and regulators. Nearly 40 regulators are expected to join this
segment of the event.
- TechFair Show – TechFair is the event’s showcase of prototypes.
Four companies, including NICE Actimize, have been selected to
participate in proof-of-concept presentations. NICE Actimize is
expected to be joined by Complidata, an X-Sight Marketplace
partner, to showcase a Trade-based Money Laundering (TBML)
solution.
- TechSprint – NICE Actimize will participate in a "hacker" spot
on a team. NICE Actimize’s representative “hacker” will be Simon
Robins, Senior Data Scientist, who will be working on a use-case to
identify new network topologies in real-time using SARs and other
unstructured data sources.
Craig Costigan. CEO, NICE Actimize "As financial services
organizations adopt new technologies to streamline their AML/KYC
compliance programs, we look forward to sharing our experiences and
insights in automation and anti-money laundering applications with
global regulators and the anti-money laundering community. Our
commitment to innovation in anti-money laundering continues as we
introduce exciting new technologies in automation and machine
learning to our portfolio, and we welcome this opportunity to
network within the collaborative environment of the FCA’s
TechSprint proceedings.”
For additional information:
- For NICE Actimize Anti-Money Laundering solutions, please click
here.
- For the NICE Actimize X-Sight Financial Crime Risk Management
Platform-As-A-Service, please click here.
- For on-demand anti-money laundering and financial crime
webinars, please click here.
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 consumer and investor 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 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.
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 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/20190724005327/en/
Corporate Media Cindy Morgan-Olson, +1-551-256-5000, NICE
Actimize, 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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