NICE Actimize achieved the highest scores
across technology excellence and customer impact metrics among
anti-money laundering solutions vendors
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management has been ranked
Technology Leader by global advisory and consulting firm Quadrant
Knowledge Solutions in its recently released “Market Outlook:
Anti-Money Laundering (AML) Solutions, 2019-2014, Worldwide” report
(December 2019). The Quadrant Knowledge Solutions study provides
competitive analysis and a ranking of the leading anti-money
laundering vendors in the form of its proprietary SPARK Matrix.
The Quadrant Knowledge Market Outlook report cited a number of
key areas of strength for NICE Actimize, noting that “Driven by the
sophisticated technology platform, strong domain expertise, service
capabilities, and compelling vision & roadmap, NICE Actimize
has received strong ratings across technology excellence and
customer impact parameters and has been positioned as the
technology leader in the 2019 SPARK Matrix analysis of the global
anti-money laundering market.”
Additionally, the report said, “NICE Actimize has made
significant improvements in its technology capabilities by
leveraging intelligent automation, artificial intelligence and
machine learning technologies to offer the most comprehensive AML
solutions enabling financial organizations to comply with
ever-growing regulations and reduce the cost of compliance. NICE
Actimize positions itself as a provider of autonomous financial
crime management with an integrated platform for AML, fraud
prevention, and case management solution to detect, prevent, and
investigate ever-growing risk scenarios across the
organizations.”
The report continued, “The company with its comprehensive AML
solution providing holistic views of risk scenarios across
enterprise environment along with ActimizeWatch, AI-enabled case
management, X-Sight Marketplace, and advanced AI-engine with
ML-models is well recognized amongst its customers to deliver
strong customer ownership experience. NICE Actimize continues to
augment existing typologies with additional machine learning to
optimize peer segmentation, model tuning, advanced anomaly
detection, and predictive scoring.”
“We appreciate the extensive research into the global anti-money
laundering marketplace conducted by Quadrant Knowledge Solutions,
and we thank them for once again identifying NICE Actimize as the
industry leader in technology and innovation,” said Craig
Costigan, CEO, NICE Actimize. “Facing today’s fast-moving,
dynamic threats, financial service organizations demand solutions
that allow them to achieve consistent regulatory coverage, reduce
the cost of compliance and respond to market changes quickly. NICE
Actimize’s Autonomous AML suite modernizes AML programs while
creating a single integrated view of the customer. We will continue
to provide further innovation to stay ahead of AML compliance risks
and challenges.”
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot
of key market participants and a visual representation of their
positioning, along with strategic insights on how each vendor
participant ranks related to their competitors along several axes
representing a range of performance parameters coinciding with
technology excellence and customer impact. These coordinates are
then used to create the final SPARK Matrix.
About Quadrant Knowledge Solutions Quadrant Knowledge
Solutions is a global advisory and consulting firm focused on
helping clients in achieving business transformation goals with
Strategic Business and Growth advisory services. At Quadrant
Knowledge Solutions, our vision is to become an integral part of
our client’s business as a strategic knowledge partner. Our
research and consulting deliverable is designed to provide
comprehensive information and strategic insights for helping
clients formulate growth strategies to survive and thrive in
ever-changing business environments. For more available research,
please visit https://quadrant-solutions.com/market-research.
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 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/20200129005306/en/
Press Contact: Cindy Morgan-Olson, +1-551-256-5000, NICE
Actimize, cindy.morgan-olson@niceactimize.com
Investors: Marty Cohen, +1-212-574-3635, ir@nice.com
Yisca Erez +972-9-775-3798, NICE Ltd., ir@nice.com
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