NICE Actimize Honored for Best Transaction Monitoring Solution by Regulation Asia’s 2023 Excellence Awards
The awards judging panel credited NICE Actimize for the sophistication of its transaction monitoring, including data analytics, AI and machine learning capabilities
According to Regulation Asia’s judging panel, NICE Actimize was recognized for its comprehensive suite of AML solutions, which features its flagship transaction monitoring solution, Suspicious Activity Monitoring (SAM), along with a robust portfolio of additional capabilities for screening, reporting, customer due diligence, and other components. The transaction monitoring solution offers more than 70 AML scenarios and over 250 engineered models to choose from for deployment in a financial institution’s AML program.
The judging panel also credited NICE Actimize for the sophistication of its transaction monitoring capabilities, including its ability to leverage advanced technologies including data analytics and AI/machine learning. “The solution’s entity resolution, advanced segmentation, predictive analytics-driven alert triage, and iterative auto-tuning capabilities, along with its configurable alert prioritization process, ultimately serve to reduce false positives and improve detection efficiency,” said one judge on the awards panel.
“With its multidimensional, entity-centric approach, NICE Actimize accelerates transaction monitoring effectiveness. This approach not only enhances a financial institutions’ ability to catch suspicious activity early, but also ensures comprehensive protection against evolving financial crime threats,” said
This award marks NICE Actimize’s fifth consecutive win in the competition, including awards for anti-money laundering and surveillance solutions.
For further information on NICE Actimize’s Anti-Money Laundering Solutions, please click here.
About the Regulation Asia Awards for Excellence 2023
The Regulation
About Regulation Asia
Regulation
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
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