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'''Actimize''', a wholly owned subsidiary of [[NICE Systems]], provides financial crime (anti-money laundering/fraud prevention), compliance and risk management solutions to the [[financial services]] industry. Primarily headquartered in [[New York City]], Actimize sells its software solutions to all types of financial services firms and regulators worldwide. Its revenue is expected to cross the $100 million mark in 2010<ref>{{cite web
'''Actimize''', a wholly owned subsidiary of [[NICE Systems]], provides financial crime prevention, compliance and risk management solutions to the [[financial services]] industry. Primarily headquartered in [[New York City]], Actimize sells its software solutions to all types of firms and regulators worldwide. Its revenue is expected to cross the $100 million mark in 2010<ref>{{cite web
|url=http://www.nice.com/news/show_pr.php?id=848
|url=http://www.nice.com/news/show_pr.php?id=848
|title=NICE Establishes Actimize as Industry’s Largest and Broadest Risk & Financial Crime Solutions Provider by Acquiring Fortent
|title=NICE Establishes Actimize as Industry’s Largest and Broadest Risk & Financial Crime Solutions Provider by Acquiring Fortent

Revision as of 19:06, 19 March 2010

Actimize
Company typePublic company
IndustryFinancial services
Founded1999
Headquarters
New York
,
United States
Key people
David Sosna, CEO
Amir Orad, President Americas and CMO
Boaz Pe’er, CTO
Jason Schwartz, CFO
Bruno Piers VP, Managing Director Europe & Asia Pacific
ProductsAnti-crime software
ParentNICE Systems(NASDAQ: NICE)
Websitehttp://www.actimize.com

Actimize, a wholly owned subsidiary of NICE Systems, provides financial crime prevention, compliance and risk management solutions to the financial services industry. Primarily headquartered in New York City, Actimize sells its software solutions to all types of firms and regulators worldwide. Its revenue is expected to cross the $100 million mark in 2010[1]. Service providers and channel partners include Checkfree, FNIS, MasterCard, Pershing, IBM and Unisys. Types of solutions offered include:

• Anti-money laundering
• Fraud prevention
• Securities trading compliance
• Enterprise case management


Customers

Actimize serves more than 200 clients including all top 10 global banks and many of the most recognizable names in the industry, from regional specialists to the world's largest financial institutions, like Bank of America, Barclays, BB&T, Citi, Comerica, CFTC, HSBC, MasterCard, Mizuho, RBS, Société Générale and UBS.

• 10 of the top 10 US banks
• 7 of the top 10 US investment banks
• 9 of the top 10 EU banks
• 3 of the top 5 Asia/Pacific banks[2]


History

Actimize was founded in 1999 by Israeli ex-army colleagues who specialized in business intelligence and data warehousing. The company quickly focused its attention on building packaged trading compliance, anti-money laundering and fraud prevention software solutions for the financial services industry. Actimize was acquired by NICE Systems (NASDAQ: NICE) in July 2007 for $280 million[3] and has grown into one of three of NICE’s main lines of business. NICE Systems shares are traded on NASDAQ as well as on the Tel Aviv Stock Exchange; where it is part of the TA-25 Index. NICE Total cash and equivalents as of December 31, 2009 were $548.5 million, with no debt.[4]


In June 2009, Actimize acquired the assets of Syfact, a pioneer in enterprise investigative case management solutions.[5] Actimize acquired rival anti-money laundering software vendor Fortent for $73.5 million in August 2009.[6] In October 2008, Actimize acquired ATM and debit card fraud detection models, analytics technology and a data consortium with billions of ATM / debit transactions from BasePoint.[7]


Accolades

Actimize has been named Most Innovative Anti-Money Laundering (AML) Solution Provider by Financial-i magazine[8], rated as a the only "Strong Positive" in Gartner's MarketScope for Enterprise Fraud Management[9], ranked atop Gartner’s Magic Quadrant for Web Fraud Detection[10] two years in a row, identified by Datamonitor as the only financial crimes vendor out of 29 reviewed with core competencies across all AML and fraud detection areas[11], named as a ‘Leader’ in Celent's "Automated Wealth Management Compliance Solutions" report for its Sales Practices solution, with high score for "breadth of functionality", "advanced technology", "largest live client base" and "depth of client services"[12] and Bank Technology News recognized Actimize as a "Top 25 Innovator" for its Insider Fraud solution.[13]


References

  1. ^ "NICE Establishes Actimize as Industry's Largest and Broadest Risk & Financial Crime Solutions Provider by Acquiring Fortent". NICE. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  2. ^ >"Actimize Clients". Actimize. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Cite has empty unknown parameter: |pubdate= (help)
  3. ^ >Shirley Yom-Tov. "Nice Systems signs deal to buy Actimize for $280 million". Haaretz. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  4. ^ >"NICE Systems Reports Fourth Quarter 2009 and Full Year Results; Fourth Quarter Bookings and Backlog Reach All-Time High". NICE. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  5. ^ >"Nice's Actimize acquires Syfact Business". Reuters. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  6. ^ >"Actimize's Parent Company Buys Fortent for US$73.5m to Bolster Compliance and Risk Offering". A-Team Group. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  7. ^ >"Transactions". JMP Securities. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Cite has empty unknown parameter: |pubdate= (help)
  8. ^ >"Leaders in Innovation". Financial i. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  9. ^ >Avivah Litan. "MarketScope for Enterprise Fraud Management". Gartner. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  10. ^ >Avivah Litan. "Magic Quadrant for Web Fraud Detection". Gartner. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  11. ^ >"Using Technology to Combat Financial Crime in Retail Banking (Strategic Focus)". Datamonitor. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  12. ^ >Robert Ellis and Isabella Fonseca. "Automated Wealth Management Compliance Solutions". Celent. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)
  13. ^ >John Adams, Karen Krebsbach, Joseph Rosta, Anthony Malakian, Lee Conrad Michael Sisk, Michael Dumiak, Rebecca Sausner, Glen Fest. "The Innovators 2007". Bank Technology News. Retrieved 3/16/2010. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |pubdate= ignored (help)CS1 maint: multiple names: authors list (link)


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