Creand Crèdit Andorrà Selects NICE Actimize to Modernize and Expand its Global Anti-Money Laundering Strategy
NICE Actimize (NASDAQ: NICE) has been selected by Creand Crèdit Andorrà to modernize its anti-money laundering (AML) operations. The partnership includes implementing NICE Actimize's advanced suite of financial crime solutions across Creand's institutions in Andorrà, Luxembourg, Spain, Panama, and the United States. The implementation features Suspicious Activity Monitoring (SAM), Customer Due Diligence (CDD-X), and Watchlist Screening (WL-X) solutions, leveraging AI and machine learning capabilities for enhanced transaction monitoring and customer risk management.
NICE Actimize (NASDAQ: NICE) è stata selezionata da Creand Crèdit Andorrà per modernizzare le proprie operazioni di anti-riciclaggio (AML). La partnership prevede l'implementazione della suite avanzata di soluzioni per la criminalità finanziaria di NICE Actimize presso le istituzioni di Creand in Andorra, Lussemburgo, Spagna, Panama e Stati Uniti. L'implementazione comprende le soluzioni di Monitoraggio delle Attività Sospette (SAM), Due Diligence dei Clienti (CDD-X) e Screening delle Liste di Controllo (WL-X), sfruttando le capacità di intelligenza artificiale e apprendimento automatico per un monitoraggio delle transazioni migliorato e una gestione del rischio cliente efficace.
NICE Actimize (NASDAQ: NICE) ha sido seleccionada por Creand Crèdit Andorrà para modernizar sus operaciones de prevención de lavado de dinero (AML). La asociación incluye la implementación de la suite avanzada de soluciones contra el crimen financiero de NICE Actimize en las instituciones de Creand en Andorra, Luxemburgo, España, Panamá y Estados Unidos. La implementación incluye soluciones de Monitoreo de Actividades Sospechosas (SAM), Diligencia Debida del Cliente (CDD-X) y Filtrado de Listas de Supervisión (WL-X), aprovechando las capacidades de IA y aprendizaje automático para un mejor monitoreo de transacciones y gestión del riesgo del cliente.
NICE Actimize (NASDAQ: NICE)는 Creand Crèdit Andorrà에 의해 자금 세탁 방지(AML) 작업을 현대화하기 위해 선택되었습니다. 이 파트너십에는 NICE Actimize의 정교한 금융 범죄 솔루션을 안도라, 룩셈부르크, 스페인, 파나마, 미국의 Creand 기관에 구현하는 것이 포함됩니다. 구현에는 AI 및 기계 학습 기능을 활용하여 거래 모니터링 및 고객 위험 관리의 향상을 위한 의심스러운 활동 모니터링(SAM), 고객 실사(CDD-X), 감시 리스트 필터링(WL-X) 솔루션이 포함됩니다.
NICE Actimize (NASDAQ: NICE) a été sélectionnée par Creand Crèdit Andorrà pour moderniser ses opérations de lutte contre le blanchiment d'argent (AML). Ce partenariat inclut la mise en œuvre de la suite avancée de solutions contre la criminalité financière de NICE Actimize dans les institutions de Creand en Andorre, au Luxembourg, en Espagne, à Panama et aux États-Unis. La mise en œuvre comprend des solutions de Surveillance des Activités Suspectes (SAM), Diligence Raisonnable du Client (CDD-X) et Vérification des Listes de Surveillance (WL-X), tirant parti des capacités d'IA et d'apprentissage automatique pour un meilleur suivi des transactions et une gestion des risques clients.
NICE Actimize (NASDAQ: NICE) wurde von Creand Crèdit Andorrà ausgewählt, um die Anti-Geldwäsche (AML) Maßnahmen zu modernisieren. Die Partnerschaft umfasst die Implementierung der fortschrittlichen Suite von finanziellen Kriminalitätslösungen von NICE Actimize in den Institutionen von Creand in Andorra, Luxemburg, Spanien, Panama und den Vereinigten Staaten. Die Implementierung umfasst Lösungen wie Überwachung verdächtiger Aktivitäten (SAM), Kunden-Sorgfaltspflicht (CDD-X) und Listenüberprüfung (WL-X), die KI- und maschinelles Lernen-Funktionen für ein verbessertes Transaktionsmonitoring und Risikomanagement der Kunden nutzen.
- Expansion of existing six-year relationship with Creand Credit Andorra, indicating strong client retention
- Implementation across multiple international locations, showing product scalability
- Integration of advanced AI and machine learning capabilities in AML solutions
- None.
Insights
This deal represents a significant expansion of NICE's anti-money laundering technology footprint in the European banking sector. The multi-solution implementation at Creand Crèdit Andorrà, spanning five countries, showcases NICE Actimize's comprehensive AML suite including SAM, CDD-X and WL-X platforms.
The strategic value lies in the recurring revenue potential from both the software licensing and ongoing service fees. Given Andorra's position as an international banking center, successful deployment here could lead to additional opportunities with other financial institutions in the region. The AI and machine learning capabilities differentiate NICE's offering in a competitive RegTech market where compliance solutions are increasingly critical.
While specific contract values aren't disclosed, enterprise-wide AML implementations typically generate multi-million dollar revenue streams over multi-year periods. This expansion of an existing 6-year relationship also demonstrates strong client retention in NICE's core business.
By leveraging NICE Actimize’s advanced AI and machine learning capabilities, Creand Crèdit Andorrà protects its network of institutions from reputational risk
Among NICE Actimize’s industry-leading AML offerings, Creand Crèdit Andorrà chose its Suspicious Activity Monitoring (SAM), Customer Due Diligence (CDD-X) and Watchlist Screening (WL-X) solutions highlighting its deep industry experience and continued investment and commitment to AML technologies, including intelligent automation, network analytics, machine learning capabilities and a robust case management component.
“NICE Actimize continues to invest in its successful six-year relationship with Creand Credit Andorra and its network of financial services organizations,” said Craig Costigan, CEO, NICE Actimize. “As regulators further tighten rules around customer onboarding, NICE Actimize is committed to leveraging its experience in advanced analytics and transaction monitoring solutions. Our objective is to improve the efficiency of AML teams by reducing human effort and error and supporting regulators’ requirements to detect and report financial crime.”
“NICE Actimize established the foundation for our current anti-money laundering and financial crime platform, and we are pleased to take this success to the next level with its advanced portfolio of financial crime solutions,” said Marta Isern, Chief Compliance Officer, Creand Crèdit Andorrà. “Andorrà attracts investors from around the world, making it critical to have a sophisticated approach that both evaluates customer onboarding and monitors transactions effectively. NICE Actimize offers us a solid direction to help our institutions adapt with ongoing market fluctuations.”
NICE Actimize’s Suspicious Activity Monitoring (SAM) ensures rapid detection of potentially illicit transactions, using advanced machine learning algorithms to provide utmost precision. This system enhances an institution’s ability to spot and manage risk, to manage regulatory requirements and maintain the trust of customers. NICE Actimize’s CDD-X provides a risk-based approach and enhances customer life cycle risk management (CLRM) with event-driven risk monitoring, leveraging AI and machine learning.
NICE Actimize’s WL-X is its next-generation Watch List (WL-X) screening solution which leverages the power of artificial intelligence for superior data management, advanced screening capabilities and frictionless customer onboarding. WL-X features real-time and on-demand screening for parties and payments that leverages AI capabilities to match and screen against global sanctions, politically-exposed persons (PEPs), adverse media and other lists.
To download the NICE Actimize white paper “Changing the Rules: The Evolution of Transaction Monitoring”, please click here. To read “CDD Onboarding: Modernize to Mitigate Risk”, please click here.
About Creand
Creand is the leading financial group in the Principality of
About NICE Actimize
As a global leader in artificial intelligence, platform services, and cloud solutions, NICE Actimize excels in preventing fraud, detecting financial crime, and supporting regulatory compliance. Over 1,000 organizations across more than 70 countries trust NICE Actimize to protect their institutions and safeguard assets throughout the entire customer lifecycle. With NICE Actimize, customers gain deeper insights and mitigate risks. Learn more at www.niceactimize.com.
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
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Corporate Media Contact
Cindy Morgan-Olson, +1 646 408 5896, media@nice.com, ET
Investors
Marty Cohen, +1 551 256 5354, ir@nice.com, ET
Omri Arens, +972 3 763 0127, ir@nice.com, CET
Source: NICE
FAQ
What AML solutions did Creand Crèdit Andorrà select from NICE Actimize?
Which countries will implement NICE Actimize's AML solutions for Creand Crèdit Andorrà?
What technologies does NICE Actimize use in its AML solutions?
