NICE Actimize Launches the Next Generation of Financial Crime and Compliance Investigations with New Generative AI Solutions
15 Febbraio 2024 - 2:00PM
Business Wire
Three groundbreaking solutions expedite the
speed of investigations by over 50% with the power of Generative
AI
NICE Actimize, a NICE (Nasdaq: NICE)
business, announces three advanced generative AI-based solutions
designed to fight financial crime and allow organizations to
significantly reduce the manual and labor-intensive tasks currently
employed in financial crime investigations and reporting. Offering
up to a 50% reduction in investigation time and 70% time savings in
SAR filing, these innovations provide unprecedented efficiency in
financial crime and compliance risk management programs.
With generative AI embedded into NICE Actimize’s advanced ActOne
enterprise risk case management platform, two of these cutting-edge
solutions, X-Sight AI Assist and X-Sight AI Narrate, transform
financial crime by reducing manual tasks and seamlessly expediting
workflows with existing policies and procedures. ActOne enterprise
risk case manager is trusted by the world’s leading financial
services organizations and is used by over 300,000 analysts and
investigators daily.
A third solution, NICE Actimize’s Xceed FraudDESK CoPilot is its
new Fraud Analyst Assistant Generative AI chatbot, which uses
generative AI to create unprecedented efficiency gains in
operational analysis.
“Generative AI is a powerful tool in fighting financial crime.
Anti-money laundering, fraud, and market manipulation scenarios
benefit from the cost and time savings that generative AI
provides,” said Craig Costigan, CEO, NICE Actimize. “NICE
Actimize’s use of generative AI services provide a monumental step
forward in helping financial institutions evolve financial crime
and compliance programs and address their growing costs.”
Targeted Generative AI solutions Offering solutions for
all types and sizes of financial institutions, NICE Actimize
features these generative AI capabilities in both its X-Sight and
Xceed platforms, including:
- X-Sight AI Narrate intelligently synthesizes suspicious
transaction data and investigation intelligence generating
coherent, comprehensive, and compliant SAR narratives, speeding up
SAR filings by up to 70%.
- X-Sight AI Assist summarizes, analyzes, and enriches
alerts and cases, meeting each institution's unique needs while
providing pertinent information and guidance to realize efficiency
gains of up to 50%.
- Xceed FraudDESK CoPilot handles the repeatable, tedious,
labor-intensive aspects of alert triage, prioritizations, and case
narrations, providing unprecedented efficiency gains of up to 80%
for mid-market banks and credit unions.
For more information on NICE Actimize’s X-Sight Generative AI
solutions, please click here. For more information on NICE
Actimize’s Xceed Generative AI FraudDESK CoPilot solution, please
click here.
To register for NICE Actimize’s webinar, “The Power of
Generative AI in Fraud & Financial Crime,” please click on the
link here.
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 With NICE (Nasdaq: NICE), it’s never been
easier for organizations of all sizes around the globe to create
extraordinary customer experiences while meeting key business
metrics. Featuring the world’s #1 cloud native customer experience
platform, CXone, NICE is a worldwide leader in AI-powered
self-service and agent-assisted CX software for the contact center
– and beyond. Over 25,000 organizations in more than 150 countries,
including over 85 of the Fortune 100 companies, partner with NICE
to transform - and elevate - every customer interaction.
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,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“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 changes in economic and business conditions;
competition; successful execution of the Company’s growth strategy;
success and growth of the Company’s cloud Software-as-a-Service
business; 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
in making additional acquisitions or 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; the
Company’s dependency on third-party cloud computing platform
providers, hosting facilities and service partners; cyber security
attacks or other security breaches against the Company; privacy
concerns; changes in currency exchange rates and interest rates,
the effects of additional tax liabilities resulting from our global
operations, the effect of unexpected events or geo-political
conditions, such as the impact of conflicts in the Middle East that
may disrupt our business and the global economy; the effect of
newly enacted or modified laws, regulation or standards on the
Company and our products and various other factors and
uncertainties discussed in our filings with the U.S. Securities and
Exchange Commission (the “SEC”). 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 SEC,
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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version on businesswire.com: https://www.businesswire.com/news/home/20240215210081/en/
Corporate Media Contact: Cindy Morgan-Olson, +1 646 408
5896, ET, media@nice.com
Investors: Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Omri Arens, +972 3 763 0127, CET, ir@nice.com
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