NICE Actimize Named a Leader in the IDC MarketScape for Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment
03 July 2024 - 10:00PM
Business Wire
NICE Actimize's IFM Enterprise Fraud Management
platform uses Artificial Intelligence and machine learning to
develop and improve fraud prevention models and methodologies
NICE Actimize, a NICE (NASDAQ: NICE)
business, today announced that it has been named a Leader in
the “IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024
Vendor Assessment (March, 2024)”. For this analysis, IDC
divided potential key measures for success into two primary
categories: capabilities and strategies. Among its assessments, the
capabilities category looked at how well a vendor is
building/delivering capabilities that enable it to execute its
chosen strategy in the market. The strategies category focused on
high-level decisions and underlying assumptions about offerings,
customer segments, and business and go-to-market plans for the next
three to five years.
“NICE Actimize is the fraud solutions vendor of choice for
nearly all the largest banks, across all regions, which makes it
one of the most widely used fraud solutions,” explained Sean
O'Malley, research director, IDC Financial Insights, Worldwide
Compliance, Fraud and Risk Analytics Strategies and author
of the report. “NICE Actimize uses artificial intelligence
capabilities and machine learning to develop and improve fraud
prevention models and methodologies. NICE Actimize deals with
real-time fraud prevention, anti–money laundering (AML) detection,
and trade surveillance solutions.”
The report highlighted, “NICE Actimize's IFM Enterprise Fraud
Management platform enables customers to leverage collective
intelligence and cross-industry expertise accumulated by NICE
Actimize to protect its customers, avoid reputational damage, and
safeguard financial institutions. This enables all financial
institutions using IFM to benefit from what other financial
institutions using the solution have learned and are learning as
new fraud typologies emerge and change.”
”NICE Actimize’s next generation Integrated Fraud Management
applies artificial intelligence capabilities across the entire
lifecyle for agile and efficient fraud detection,” said Craig
Costigan, CEO, NICE Actimize. “When combining our investments
in intelligent orchestration, network analytics and
industry-leading case management powered by GenAI, we are
strategically addressing our financial institutions greatest
challenges.”
In closing, the report noted, “NICE Actimize is in the process
of launching its next-generation IFM (version 11) designed to use
AI across the life cycle of fraud management with the goal of
making fraud prevention teams more accurate, agile, and efficient.
Capabilities will include intelligent orchestration, network
analytics, and alert and case management powered by GenAI.”
To learn more about NICE Actimize’s Enterprise Fraud Management
powered by Pervasive AI click here.
IDC MarketScape IDC MarketScape vendor assessment model
is designed to provide an overview of the competitive fitness of
ICT (information and communications technology) suppliers in a
given market. The research methodology utilizes a rigorous scoring
methodology based on both qualitative and quantitative criteria
that results in a single graphical illustration of each vendor’s
position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities
and strategies, and current and future market success factors of IT
and telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
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-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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240703053786/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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