NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in
autonomous financial crime management has been ranked by global advisory
and consulting firm Quadrant Knowledge Solutions as the overall
Technology leader in its recently released “Market
Outlook: Enterprise Fraud Management, 2019-2024, Worldwide” report
(April 2019). The Quadrant Knowledge Solutions study, which provides
competitive analysis and a ranking of the leading enterprise fraud
management vendors in the form of its proprietary SPARK Matrix, scored
NICE Actimize highest across technology excellence and customer impact
and positioned it as “the clear 2019 technology leader in the global
enterprise fraud management market.”
The Quadrant Knowledge Market Outlook report cited key areas of strength
for NICE Actimize, noting that, “NICE Actimize’s comprehensive
experience and domain expertise in payment and fraud management is well
recognized for providing a real-time fraud detection and management
solution for a variety of fraud use cases.” Additionally, the report
said, “NICE Actimize with recent technology enhancements is well
positioned to provide an end-to-end integrated fraud management solution
with easy and scalable data integration, augmented intelligence, open
architecture, agile advanced analytics, and cloud-native PaaS platform
services.”
“We appreciate the extensive research into the global enterprise fraud
marketplace conducted by Quadrant Knowledge Solutions, and we thank them
for identifying NICE Actimize as the industry leader in technology and
innovation,” said Craig Costigan, CEO, NICE Actimize. “We have
had a strong year in enterprise fraud innovation, highlighted by the
introduction of our IFM-X integrated fraud management platform that
leverages automation and machine learning to optimize effectiveness
while reducing the total cost of implementing and operating an
enterprise fraud risk management system. We are pleased to have these
advancements acknowledged in this analysis.”
According to the Quadrant Knowledge report, “The Enterprise Fraud
Management market is expected to increase significantly in the next five
to six years from the market size of $883.3 million in 2018 to over
$5.65 billion by 2024. The global market is expected to grow at a
compound annual growth rate (CAGR) of 36.2% from 2019-2024.”
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot of key
market participants and a visual representation of their positioning,
along with strategic insights on how each vendor participant ranks
related to their competitors along several axis representing a range of
performance parameters coinciding with technology excellence and
customer impact. These coordinates are then used to create the final
SPARK Matrix.
To download a complimentary copy of the Quadrant Knowledge report and
profile of NICE Actimize, please click
here.
For additional information:
-
For more on NICE Actimize’s IFM-X Platform, please click
here. -
To review an IFM-X YouTube video, please click
here. -
For more on NICE Actimize’s X-Sight Platform-as-a Service, please click
here. -
For more on NICE Actimize’s Fraud Augmented Intelligence, please click
here.
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 deliverable is
designed to provide comprehensive information and strategic insights for
helping clients formulate growth strategies to survive and thrive in
ever-changing business environments.
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 world’s 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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