How can financial services organizations keep up with a changing market
landscape while confidently evolving their financial crime strategy? NICE
Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous
Financial Crime Management, today announced the launch of the X-Sight
Marketplace, the industry’s first financial crime risk
management-focused marketplace designed to accelerate innovation by
assisting financial services organizations as they evaluate new point
solutions, assess the viability within their current infrastructure, and
move to keep up with a fast-changing regulatory and criminal environment.
The NICE
Actimize X-Sight Marketplace, an ecosystem focused on financial
crime and compliance, provides a new channel for prospective buyers to
connect with vendors. The agility of the X-Sight Marketplace’s cloud
environment, combined with the power of artificial intelligence,
delivers an overall improved customer experience. There is minimized
integration cost to financial services organizations, resulting in a
quicker time to value.
Technology providers that join NICE Actimize’s X-Sight Marketplace
ecosystem are reviewed for their ability to complement financial crime
and compliance solutions. Once approved, software and service providers
become available to the NICE Actimize community via the X-Sight
Marketplace. FSOs can quickly browse through X-Sight Marketplace
solution categories to find scalable options that solve their unique
business problems.
NICE Actimize’s X-Sight Marketplace initial solutions categories will
include: ID Verification, Ultimate Beneficial Ownership, Value-added
Data & Adverse Media, Watchlist, Device Identification, and User
Authentication & Fraud. Additional categories will be announced as the
X-Sight Marketplace grows.
The NICE Actimize X-Sight Marketplace provides business value to
financial services organizations and solution providers across three
focus areas:
-
Faster Selection Process: The NICE Actimize X-Sight Marketplace
provides immediate access to vendors specific to the financial crime
and compliance market and which have been reviewed to be fit for
purpose. Financial services organizations can choose from a variety of
categories to quickly find appropriate options that address their
specific business problems. -
Faster Assessment Process: For financial services organizations
looking to integrate additional 3rd party vendors into a
larger financial crime and compliance program, long implementation
cycles are often the standard. Vendors participating in the X-Sight
Marketplace are pre-integrated into the NICE Actimize portfolio, which
makes measuring the impact of a vendor as easy as doing a search and
reviewing how the results influence the overall processes. -
Agility to Innovate: Many factors prevent a financial crime
program from evolving to meet regulatory and technological change. The
marketplace approach provides unparalleled coverage options and the
ability to innovate quickly to meet business requirements.
“The challenges of our financial services organization customers seeking
greater value in financial crime risk management are more easily met
with a focused marketplace community that offers them greater
accessibility as they incorporate new solutions into their operations,”
said Craig Costigan, CEO, NICE Actimize. “With cloud as the
enabler to deliver agility, combined with our expertise in artificial
intelligence, the X-Sight Marketplace allows customers to choose or
build the right solutions to resolve their problems by reducing the
burden of a long, difficult deployment and integration cycle and thereby
reducing costs.” Concluded Costigan, “By joining the X-Sight
Marketplace, FSOs connect to an ecosystem that provides value by being
part of a collaborative approach with the market leader in financial
crime and compliance. Technology vendors benefit by partnering with a
trusted advisor that can facilitate access to our global customer base.”
For more information on the X-Sight Marketplace, please click
here.
If you are a technology company or financial institution wishing to be
part of the first financial crime and compliance marketplace, please
contact us at info@niceactimize.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
NICE (Nasdaq: NICE) is the worldwide leading
provider of both cloud and on-premises enterprise software solutions
that empower organizations to make smarter decisions based on advanced
analytics of structured and unstructured data. NICE helps organizations
of all sizes deliver better customer service, ensure compliance, combat
fraud and safeguard citizens. Over 25,000 organizations in more than 150
countries, including over 85 of the Fortune 100 companies, are using
NICE solutions. 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, may, will, intend,
project, 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 the
global economic environment on the Company’s customer base (particularly
financial services firms) potentially impacting our business and
financial condition; competition; 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; and the effect of newly enacted or modified
laws, regulation or standards on the Company and our products. 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 Securities and Exchange Commission, 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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