NICE Actimize was also given the 2024 XCelent
award for “Breadth of Functionality,” noting strengths including
entity resolution and network analysis screening
NICE Actimize, a NICE (NASDAQ: NICE) business, has been
recognized with multiple honors by Celent, a division of Oliver
Wyman, Inc., in its recently released report, “Financial Crime
Compliance Technology: Watchlist Screening Edition—2024 XCelent
Awards, Powered by VendorMatch.” Named a Luminary in the report’s
Technology Capabilities matrix, NICE Actimize was also the
recipient of the report’s XCelent award for “Breadth of
Functionality.” To download a complimentary excerpt of this report,
please click here.
The Celent report noted, “NICE Actimize’s watchlist screening
system is a multipurpose solution for supporting payments screening
as well as customer screening for KYC, due diligence, or customer
review. The customer base is dominated by banks, as well as sell
side and buy side firms, insurers, e-commerce, and gaming. Actimize
is also seeing growth in cloud-based deployments of the
solution.”
NICE Actimize’s strengths and differentiators for its Watchlist
Screening solution include “entity resolution and network analysis
screening,” its ability to work “with NICE Actimize’s case
management system,” and its “support for ISO 20022 messages,” the
Celent report outlined. The report also noted that “the solution
uses predictive analytics to support automated alert
management.”
“The digital financial services revolution is bringing new
watchlist screening use cases to the fore. As a result, financial
institutions are increasingly applying new or updated technologies
to enhance screening capabilities,” said Neil Katkov, PhD, Risk
Director and author of the Celent report. “Our research showed
that clients rated NICE Actimize strongly overall. For
functionality, customer respondents appreciated the screening of
adverse media and other unstructured data sources.”
“Financial institutions of all sizes continue to feel the
pressure of the expansive sanctions programs implemented globally
across jurisdictions. NICE Actimize’s screening solution, WL-X,
accurately identifies screening risk, utilizing global data sources
while supporting regulatory compliance,” said Craig Costigan,
CEO, NICE Actimize. “Through continuous innovation and by
delivering advances in AI and machine learning, our solutions help
our customers better detect, mitigate and report financial
crime.”
Celent defines its Luminary designation as excelling in solution
capabilities and generally having a leading market presence. The
XCelent Breadth of Functionality award is given to the top
performer based on Celent’s detailed RFI, a demo of the solution,
and customer feedback. Celent profiled 22 incumbent and new entrant
providers of transaction and customer screening solutions with 14
of these vendors evaluated in the report’s final ABC Vendor View
and eligible for XCelent Awards.
To learn more about NICE Actimize’s WatchList screening
solutions please access further details 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 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;
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
in making additional acquisitions or 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; privacy
concerns; changes in currency exchange rates and interest rates,
the effects of additional tax liabilities resulting from our global
operations, the effect of unexpected events or geo-political
conditions, such as the impact of conflicts in the Middle East that
may disrupt our business and the global economy; 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240418306521/en/
Corporate Media Cindy Morgan-Olson, +1 646 408 5896,
media@nice.com, ET
Investors Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763 0127, ir@nice.com, CET
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