Customers across financial services
organizations, including the insurance industry, will benefit from
the new partnership designed to simplify business processes and
foster innovation
NICE Actimize, a NICE (Nasdaq: NICE) business,
today announced a strategic partner agreement with Tata
Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading
global IT services, consulting and business solutions organization,
to expand its markets for its financial crime solutions to TCS’s
broad customer base focused on banking, insurance and other
financial services organizations.
TCS’s comprehensive set of services in the financial crime
domain include consulting, analytics, transformation and technology
solutions, platform solutions, and change management services. TCS
continuously invests in financial crime and compliance-focused
research to combat financial crime, enhance associated market
compliance, and minimize financial and reputational risks.
Among the additional benefits of this collaboration, client
organizations will receive an efficient path to demonstrate
innovation, improve operational efficiencies, and simplify business
processes. TCS will leverage its Machine First™ approach and
innovative solutions in financial crime and compliance to offer
end-to-end services to financial institutions to control financial
crime and fraud risks.
“Evolving financial crime typologies, increased transgressions,
and higher risk exposures require financial institutions to
continuously enhance the controls for combating financial crime.
Advanced technology designs, data interventions, and digitalization
can enable these organizations to maintain a robust defense,” said
K Krithivasan, Business Group Head, Banking, Financial Services,
and Insurance, TCS. “The TCS and NICE Actimize partnership will
bring in the right mix of domain expertise, data analytics,
world-class solutions, scale and agility to help our customers
transform their financial crime controls and compliance
function.”
Craig Costigan, CEO, NICE Actimize, said, “As we join
together with the TCS organization, NICE Actimize is excited to
expand the footprint for our financial crime solutions, while
allowing us to provide enhanced customer support and services. We
welcome the opportunity to further our market expansion within
TCS’s extensive network.”
About Tata Consultancy Services (TCS) Tata Consultancy
Services is an IT services, consulting and business solutions
organization that has been partnering with many of the world’s
largest businesses in their transformation journeys for over 50
years. TCS offers a consulting-led, cognitive powered, integrated
portfolio of business, technology and engineering services and
solutions. This is delivered through its unique Location
Independent Agile™ delivery model, recognized as a benchmark of
excellence in software development.
A part of the Tata group, India's largest multinational business
group, TCS has over 500,000 of the world’s best-trained consultants
in 46 countries. The company generated consolidated revenues of US
$22.2 billion in the fiscal year ended March 31, 2021 and is listed
on the BSE (formerly Bombay Stock Exchange) and the NSE (National
Stock Exchange) in India. TCS' proactive stance on climate change
and award-winning work with communities across the world have
earned it a place in leading sustainability indices such as the
MSCI Global Sustainability Index and the FTSE4Good Emerging Index.
For more information, visit www.tcs.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 With NICE (Nasdaq: NICE), it’s never been
easier for organizations of all sizes around the globe to create
extraordinary customer experiences while meeting key business
metrics. Featuring the world’s #1 cloud native customer experience
platform, CXone, NICE is a worldwide leader in AI-powered contact
center software. Over 25,000 organizations in more than 150
countries, including over 85 of the Fortune 100 companies, partner
with NICE to transform - and elevate - every customer interaction.
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,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“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 changes in economic and business conditions,
including as a result of the COVID-19 pandemic; competition;
successful execution of the Company’s growth strategy; success and
growth of the Company’s cloud Software-as-a-Service business;
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; the Company’s dependency on third-party cloud
computing platform providers, hosting facilities and service
partners;, cyber security attacks or other security breaches
against the Company; the effect of newly enacted or modified laws,
regulation or standards on the Company and our products and various
other factors and uncertainties discussed in our filings with the
U.S. Securities and Exchange Commission (the “SEC”). 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 SEC, 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/20210921005391/en/
Corporate Media Contact Cindy Morgan-Olson, +1 646 408
5896, ET, Cindy.morgan-olson@niceactimize.com
Investors Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Omri Arens, +972 3 763 0127, CET, ir@nice.com
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