Actimize

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NICE Actimize, Inc.
Subsidiary
Industry Financial services
Founded 1999; 18 years ago (1999)
Headquarters Hoboken, NJ, United States
Key people
Joe Friscia, President
Products financial crime, risk and compliancesoftware
Parent NICE Systems
Website www.niceactimize.com

Actimize, Inc., a wholly owned subsidiary of NICE Systems, provides financial crime prevention, compliance and risk management products and services to the financial services industry. Headquartered in Hoboken, NJ, 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. 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.


Products[edit]

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 a holistic, consolidated view across the enterprise,[1] through innovative and flexible technology that helps detect and prevent potential fraud,[2] manage regulatory compliance,[3] and identify money laundering threats quickly and accurately. Actimize's cloud services offerings,[4] delivered through Amazon Web Services,[5] are designed for faster, lower cost deployment within a secure global infrastructure.

Customers[edit]

NICE Actimize's clients range from the world's leading financial institutions to community and regional financial institutions and credit unions, such as: Valley National Bank,[6] First Tech Federal Credit Union,[7] Key Bank, [8]Fifth Third Bancorp,[9] UAE Exchange,[10] DBS,[11] Republic Bank of Chicago,[12] and PT Bank Central Asia, [13] to name a few.

As an example, Actimize's Fraud & Cybercrime Management solutions now protect more than 150M digital banking customers in the United States across its top five clients.[14]

History[edit]

In 1999, Actimize was founded in Silicon Wadi, an area with a high concentration of high-tech industries in the coastal plain in Israel, similar to Silicon Valley in California by Israeli ex-army colleagues who specialized in business intelligence and data warehousing. The company 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[15] 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.[16]

In June 2009, Actimize acquired the assets of Syfact, a pioneer in enterprise investigative case management solutions.[17] Actimize acquired rival anti-money laundering software vendor Fortent for $73.5 million in August 2009.[18] 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.[19] In October 2012, Actimize acquired Redkite Financial Markets, an emerging provider of real-time, cloud-based institutional trade surveillance solutions.[20]

Accolades[edit]

NICE Actimize is consistently ranked as the leading provider of financial crime and compliance software.  In 2017, Actimize was named winner for the 2nd Year in a Row and Ranked Top Ten in the 2017 Chartis RiskTech100®[21] and was also named the Financial Crime Category Leader by Risk Magazine’s Technology Rankings. Other recent accolades include, ““Best AML and Risk Management Solutions” Provider for 2016 Asian Private Banker Technology Awards[22], Most Innovative Use of Technology award for 2nd Year in a Row By 2016 Wall Street Letter Institutional Trading Awards, Best Anti-Money Laundering Compliance Solution Provider for the 3rd Year in a Row in 2016 Waters Magazine Rankings[23], and 2016 Operational Risk Technology Product of the Year (Sell Side) by Risk Magazine[24], among others[25].

References[edit]

  1. ^ "Enterprise Risk Case Management | NICE Actimize". NICE Systems. Retrieved 2017-04-18. 
  2. ^ "Fraud Detection & Prevention Solutions | NICE Actimize". NICE Systems. Retrieved 2017-04-18. 
  3. ^ "Financial Markets Compliance | NICE Actimize". NICE Systems. Retrieved 2017-04-18. 
  4. ^ "Technology Cloud | NICE Actimize". NICE Systems. Retrieved 2017-04-18. 
  5. ^ "NICE Actimize to Deliver its "AML Essentials" Anti-Money Laundering Solutions on the Amazon Web Services Cloud". NICE Systems. Retrieved 2017-04-18. 
  6. ^ "NICE Actimize Selected by Valley National Bank to Implement Its New AML and Financial Crime Platform Strategy". NICE Systems. Retrieved 2017-04-18. 
  7. ^ "NICE Actimize Selected by First Tech Federal Credit Union to Implement Financial Crime Cloud Strategy". NICE Systems. Retrieved 2017-04-18. 
  8. ^ "NICE Actimize Selected by KeyBank for Enterprise Fraud Solutions to Fulfill Customer Demand for Mobile and Digital Banking". NICE Systems. Retrieved 2017-04-18. 
  9. ^ "NICE Actimize CDD Solution Selected by Fifth Third Bancorp for its Customer Onboarding Risk Assessment and Powerful Risk Rating Engine". NICE Systems. Retrieved 2017-04-18. 
  10. ^ "NICE Actimize to Support UAE Exchange with Financial Crime Solutions Addressing Anti-Money Laundering and Integrated Fraud Management". NICE Systems. Retrieved 2017-04-18. 
  11. ^ "NICE Actimize to Support Singapore's DBS Bank Financial Crime Strategy With Upgraded Anti-Money Laundering and Enterprise Case Management Solutions". NICE Systems. Retrieved 2017-04-18. 
  12. ^ "NICE Actimize Selected by Republic Bank of Chicago to Support its Anti-Money Laundering Strategy". NICE Systems. Retrieved 2017-04-18. 
  13. ^ "NICE Actimize's Anti-Money Laundering Solutions Selected by Indonesia's PT Bank Central Asia Tbk (BCA)". NICE Systems. Retrieved 2017-04-18. 
  14. ^ "NICE Actimize Fraud and Cybercrime Solutions Protect More Than 150M U.S. Digital Banking Customers". NICE Systems. Retrieved 2017-04-18. 
  15. ^ Shirley Yom-Tov (July 4, 2007). "Nice Systems signs deal to buy Actimize for $280 million". Haaretz. Retrieved March 16, 2010. 
  16. ^ "Investor Relations | NICE". NICE Systems. Retrieved 2017-04-18. 
  17. ^ "Nice's Actimize acquires Syfact Business". Reuters. June 17, 2009. Retrieved March 16, 2010. 
  18. ^ "Actimize's Parent Company Buys Fortent for US$73.5m to Bolster Compliance and Risk Offering". A-Team Group. September 9, 2009. Archived from the original on July 7, 2011. Retrieved March 16, 2010. 
  19. ^ "Transactions". JMP Securities. Archived from the original on May 29, 2010. Retrieved March 16, 2010. 
  20. ^ "NICE Acquires Redkite, Innovative Cloud-based Trade Surveillance Provider, to Enhance Its NICE Actimize Trading Compliance Solutions". NICE Systems. Retrieved 2017-04-18. 
  21. ^ "NICE Actimize, Recognized as the RiskTech100® Financial Crime Risk Management Category Winner for the 2nd Year in a Row, Ranked Top Ten in 2017 Chartis RiskTech100®". NICE Systems. Retrieved 2017-04-18. 
  22. ^ "NICE Actimize Named "Best AML and Risk Management Solutions" Provider for 2016 Asian Private Banker Technology Awards". NICE Systems. Retrieved 2017-04-18. 
  23. ^ "NICE Actimize Named Best Anti-Money Laundering Compliance Solution Provider for the 3rd Year in a Row in 2016 Waters Magazine Rankings". NICE Systems. Retrieved 2017-04-18. 
  24. ^ "NICE Actimize ERCM Solutions Recognized as 2016 Operational Risk Technology Product of the Year (Sell Side) by Risk Magazine". NICE Systems. Retrieved 2017-04-18. 
  25. ^ "Industry Accolades | NICE Actimize". NICE Systems. Retrieved 2017-04-18.