NICE Actimize Positioned as Highest-Scoring AML Solutions Vendor Across Technology Excellence Metrics in 2021 Quadrant Knowledge Anti-Money Laundering Solution Report
NICE Actimize AML solutions acknowledged for technology leadership and expertise in AI, machine learning and intelligent automation
Hoboken, NJ, April 15, 2021 –NICE Actimize, a NICE (Nasdaq: NICE) business, has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as a Technology Leader in its recently released “SPARK Matrix™ Anti-Money Laundering (AML) Solution, 2021 report. The Quadrant Knowledge Solutions study, which provides competitive analysis and a ranking of the leading anti-money laundering vendors in the form of its proprietary SPARK Matrix, scored NICE Actimize and its consolidated Anti-Money Laundering solutions highest across technology excellence. To download a copy of the complimentary report, please click here.
Positioning NICE Actimize as a 2021 top performer and technology leader in the global anti-money laundering solutions market, Quadrant Knowledge noted that it provided a sophisticated and comprehensive technology platform to address a variety of AML use cases. NICE Actimize was acknowledged as offering comprehensive functional capabilities and customer value propositions to provide a holistic solution for combating money laundering activities and regulatory compliance.
The report cited key areas of strength for NICE Actimize, noting that, “NICE Actimize offers a consolidated Anti-Money Laundering solutions suite that provides full regulatory coverage and a single view of customer risk across the customer lifecycle by synergizing AI, ML, domain expertise and intelligent automation.”
“Technology investments in 2020 were significantly impacted by the continued uncertainty around COVID-19. Quadrant analysts believe that technology investments will rise again in 2021 onwards, mainly driven by pent-up demand, increased fraud and money laundering activities, and economic recovery,” said Maria Gonsalves, Senior Analyst, Quadrant Knowledge Solutions. “We congratulate NICE Actimize for its technology advancements and leadership in support of these challenges.”
“We appreciate the extensive research conducted by Quadrant Knowledge Solutions into the wide range of platforms, solutions and advanced technologies that comprise the NICE Actimize Anti-Money Laundering suite, and we thank its analysts for identifying NICE Actimize as an industry leader and top performer,” said Craig Costigan, CEO, NICE Actimize. “We are pleased to have these advancements and important competitive technology differentiators acknowledged in the SPARK Matrix analysis.”
The Quadrant Knowledge report analysis stated, “The company creates a 360° holistic customer view by leveraging customer information across KYC/CDD system for the entire customer lifecycle. The platform is fully integrated with a variety of content sources and providers via NICE Actimize X-Sight DataIQ and offers holistic case management and reporting. The vendor offers open platform architecture to facilitate the AML ecosphere via the NICE Actimize X-Sight Marketplace. The company also offers ActimizeWatch for Compliance, a managed analytics service that enhances the firm's agility, detection accuracy, and compliance effectiveness.
The report also cited, “NICE Actimize recently launched WL-X, its next-generation Watch List screening solution that offers real-time screening for parties and payments leveraging AI and biometrics to match and screen for global sanctions. With this, the company is further strengthened to offer superior data management, advanced screening, and frictionless customer onboarding.”
For additional information: please read more about NICE Actimize’s anti-money laundering suite here.