NICE Actimize Provides Financial Services Organizations a Quick & Effective Response to the CARES Act with the Introduction o...
14 Avril 2020 - 12:30PM
Business Wire
The new KYC Xpress cloud solution empowers
financial institutions to expedite Know-Your-Customer processes to
address an unprecedented influx in loan applications using advanced
automation
Due to provisions in the recently enacted CARES Act,
financial services organizations are facing an unprecedented influx
of loan applications and the need to expedite Know-Your-Customer
(KYC) operations and procedures, which are often manual and time
consuming. To effectively address this critical need, NICE
Actimize (Nasdaq: NICE), the leader in Autonomous Financial
Crime Management, announces the launch of KYC Xpress, a
cloud solution which automates manual KYC procedures, dramatically
increasing the speed of KYC processes by more than 80 percent.
Labor intensive KYC checks that are required to be performed on
loan applicants are generally done manually and require multiple
steps. NICE Actimize KYC Xpress automates these processes –
enabling teams to quickly perform KYC checks with confidence,
reducing many hours of manual steps to minutes and minimizing
errors by up to 40 percent. In addition to cost savings, NICE
Actimize KYC Xpress provides a clear audit report, time-stamped for
proof of compliance.
Powered by the cloud, the NICE Actimize KYC Xpress solution
provides organizations with the ability to perform a single search
across a comprehensive variety of global data sources, quickly
returning the intelligence needed to enrich customer profiles.
Intelligently orchestrating the aggregation of data from global
sanctions, PEP, adverse media, corporate ownership and enforcement
lists, NICE Actimize’s KYC Xpress enables organizations to adhere
to KYC regulations and rapidly respond to their customers’
immediate, critical needs.
“Because of the CARES Act’s requirement to process loans
expediently, it is NICE Actimize’s priority to reduce the burden on
our customers’ operational needs,” said Craig Costigan, CEO,
NICE Actimize. “KYC teams are currently inundated with loan
applications and are challenged to accomplish a massive amount of
work in a reduced timeframe. Whether a firm’s loan applicant is a
new or existing customer, KYC Xpress provides the automation and
power of global data sources for quick and accurate customer
decisioning.”
For more information, join this upcoming webinar series:
- “COVID-19 and CARES: Navigating the New AML and Fraud
Dynamics,” register here.
For more information on NICE Actimize’s KYC Xpress and its
benefits, 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 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.
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 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/20200414005411/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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