NICE Actimize emerges as the highest-scoring
watchlist screening vendor across Technology Excellence and
Customer Impact metrics in the SPARK Matrix™ ranking
NICE Actimize, a NICE (Nasdaq: NICE) business, has
been ranked by global advisory and consulting firm Quadrant
Knowledge Solutions as the overall Leader in its recently released
report titled “SPARK Matrix™: Watchlist and Sanctions Monitoring
Solutions 2022.” The inaugural research report, which provides
competitive analysis and a ranking of 16 Watchlist and Sanctions
Monitoring Solutions vendors in the form of its proprietary SPARK
Matrix, gave NICE Actimize the highest ratings across the
performance parameters of technology excellence and customer
impact. To download a complimentary copy of the Quadrant Knowledge
“SPARK Matrix™: Watchlist and Sanctions Monitoring Solution, 2022,”
please click here.
Citing NICE Actimize’s strengths, the report noted, “WL-X offers
comprehensive watch list monitoring and sanctions screening
capabilities, which includes next-generation matching for payment
and party screening, data intelligence, advanced analytics, and
dynamic integration with other compliance and KYC solutions. WL-X
is a fully compliant solution, using explainable advanced analytics
embedding fully documented and audited changes, decisions, and
outcomes for complete regulatory compliance.”
Vaishali Moitra, Analyst, Quadrant Knowledge Solutions,
states, “With its extensive functional capabilities, strong
customer value proposition, rich industry expertise in financial
crime and risk management, robust vision and roadmap, NICE Actimize
has been recognized as a leader in the ‘SPARK Matrix™: Watchlist
and Sanctions Monitoring Solutions, 2022’.”
According to the Quadrant Knowledge Solutions report, “NICE
Actimize takes an entity-centric approach to financial crime risk
management, allowing organizations to get a holistic picture of
each customer and their risks. Actimize's screening solution
integrates with Actimize's Customer Due Diligence (CDD), and
Suspicious Activity Monitoring (SAM) in addition to the newly
released X-Sight Entity Risk solution which integrates disposition
results and other actionable insights across entire portfolio and
with third-party solutions. Delivering a consolidated entity
profile and comprehensive entity risk score.”
“With ever-evolving screening requirements, organizations must
rely on advanced solutions to monitor for compliance risk while
preventing fines and reputational damage. With AML sanctions
screening integral to managing risk across the customer lifecycle,
only NICE Actimize supports financial institutions with the right
advanced technologies to keep pace with changing regulations and to
streamline operations,” said Craig Costigan, CEO, NICE
Actimize.
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot
of the market positioning of the key market participants. SPARK
Matrix provides a visual representation of market participants and
provides strategic insights on how each supplier ranks related to
their competitors, concerning various performance parameters based
on the category of technology excellence and customer impact.
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 deliverables are 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 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
self-service and agent-assisted CX software for the contact center
– and beyond. 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/20230103005080/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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