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 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.
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Products
NICE Actimize's technology helps protect financial 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, through innovative and flexible technology that helps detect and prevent potential fraud, manage regulatory compliance, and identify money laundering threats quickly and accurately. Actimize's cloud services offerings, delivered through Amazon Web Services, are designed for faster, lower cost deployment within a secure global infrastructure.
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Customers
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, First Tech Federal Credit Union, Key Bank, Fifth Third Bancorp, UAE Exchange, DBS, Republic Bank of Chicago, and PT Bank Central Asia, 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.
History
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 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.
In June 2009, Actimize acquired the assets of Syfact, a pioneer in enterprise investigative case management solutions. Actimize acquired rival anti-money laundering software vendor Fortent for $73.5 million in August 2009. 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. In October 2012, Actimize acquired Redkite Financial Markets, an emerging provider of real-time, cloud-based institutional trade surveillance solutions.
Accolades
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® 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, 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, and 2016 Operational Risk Technology Product of the Year (Sell Side) by Risk Magazine, among others.
References
Source of article : Wikipedia
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