NICE Actimize AML SaaS Solutions Chosen by TF Bank to Elevate its Financial Crime Program
TF Bank, a Swedish digital bank, has selected NICE Actimize AML Essentials, a cloud-based anti-money laundering solution suite, to enhance its financial crime prevention program. The implementation includes AI-driven solutions for Transaction Monitoring, Customer Due Diligence, and Screening. The system offers rapid deployment and reduced overhead costs while effectively addressing global regulations and automating manual processes. NICE Actimize's entity-centric approach monitors money laundering risks throughout the customer lifecycle, featuring AML-tailored analytics and advanced matching capabilities for party and real-time payments screening.
TF Bank, una banca digitale svedese, ha selezionato NICE Actimize AML Essentials, una suite di soluzioni cloud per la lotta al riciclaggio di denaro, per migliorare il proprio programma di prevenzione dei crimini finanziari. L'implementazione include soluzioni basate sull'IA per il monitoraggio delle transazioni, la due diligence dei clienti e lo screening. Il sistema offre un rapido deployment e costi operativi ridotti, affrontando efficacemente le normative globali e automatizzando i processi manuali. L'approccio centrato sull'entità di NICE Actimize monitora i rischi di riciclaggio di denaro durante l'intero ciclo di vita del cliente, con analisi specifiche per l'AML e capacità avanzate di matching per lo screening dei pagamenti tra parti e in tempo reale.
TF Bank, un banco digital sueco, ha seleccionado NICE Actimize AML Essentials, un conjunto de soluciones en la nube para la prevención del lavado de dinero, para mejorar su programa de prevención del crimen financiero. La implementación incluye soluciones impulsadas por IA para el Monitoreo de Transacciones, la Diligencia Debida del Cliente y el Filtrado. El sistema ofrece un despliegue rápido y costos generales reducidos mientras aborda eficazmente las regulaciones globales y automatiza procesos manuales. El enfoque centrado en la entidad de NICE Actimize supervisa los riesgos de lavado de dinero a lo largo del ciclo de vida del cliente, presentando análisis adaptados a AML y capacidades avanzadas de coincidencia para el filtrado de pagos en tiempo real y entre partes.
TF Bank, 스웨덴의 디지털 은행,은 NICE Actimize AML Essentials, 클라우드 기반의 자금 세탁 방지 솔루션 제품군을 선택하여 금융 범죄 예방 프로그램을 강화하고 있습니다. 이 구현에는 거래 모니터링, 고객 실사 및 스크리닝을 위한 AI 기반 솔루션이 포함되어 있습니다. 이 시스템은 신속한 배포와 운영 비용 절감을 제공하면서도 글로벌 규제를 효과적으로 처리하고 수동 프로세스를 자동화합니다. NICE Actimize의 엔티티 중심 접근 방식은 고객 생애주기 전반에 걸쳐 자금 세탁 위험을 모니터링하며, AML 맞춤 분석과 당사자 및 실시간 지급 스크리닝에 대한 고급 매칭 기능을 특징으로 합니다.
TF Bank, une banque numérique suédoise, a sélectionné NICE Actimize AML Essentials, une suite de solutions anti-blanchiment d'argent basée sur le cloud, pour renforcer son programme de prévention de la criminalité financière. L'implémentation comprend des solutions alimentées par l'IA pour la surveillance des transactions, la diligence raisonnable des clients et le filtrage. Le système offre un déploiement rapide et une réduction des coûts globaux tout en s'attaquant efficacement aux réglementations mondiales et en automatisant les processus manuels. L'approche centrée sur l'entité de NICE Actimize surveille les risques de blanchiment d'argent tout au long du cycle de vie du client, avec des analyses adaptées à l'AML et des capacités de correspondance avancées pour le filtrage des paiements entre parties et en temps réel.
TF Bank, eine schwedische Digitalbank, hat NICE Actimize AML Essentials, eine cloud-basierte Suite von Lösungen zur Bekämpfung von Geldwäsche, ausgewählt, um ihr Programm zur Verhinderung finanzieller Kriminalität zu verbessern. Die Implementierung umfasst KI-gesteuerte Lösungen für Transaktionsüberwachung, Kundenprüfung und Screening. Das System bietet eine schnelle Implementierung und reduzierte Betriebskosten, während es effektiv globale Vorschriften erfüllt und manuelle Prozesse automatisiert. Der entity-zentrierte Ansatz von NICE Actimize überwacht die Risiken der Geldwäsche während des gesamten Kundenlebenszyklus und bietet maßgeschneiderte Analysen für AML sowie fortschrittliche Matching-Funktionen für die Überprüfung von Zahlungen zwischen Parteien und in Echtzeit.
- Cloud-based solution implementation reduces operational overhead costs
- AI-driven automation decreases manual workload
- New contract win expands NICE's market presence in Nordic region
- None.
Insights
The selection of NICE Actimize's AML SaaS suite by TF Bank represents a significant strategic implementation in the financial technology sector. The comprehensive solution package, including Transaction Monitoring, Customer Due Diligence and Screening, leverages advanced AI capabilities that can substantially reduce operational costs while enhancing compliance efficiency.
The deal's value proposition centers on three key aspects:
- AI-driven automation reducing manual workload
- Cloud-based deployment enabling faster implementation and scalability
- Lower total cost of ownership through SaaS model
Nordics-based digital bank is leveraging a comprehensive suite of AI-driven AML solutions to provide greater customer protections
NICE Actimize’s AML Essentials offers rapid deployment and reduces overhead to support compliance at a lower total cost of ownership. Citing several objectives for its financial crime prevention and anti-money laundering program, TF Bank noted that it was seeking to effectively address global regulations and bring efficiencies to its digital banking initiatives. NICE Actimize solutions were also chosen to accelerate the automation of manual work.
“NICE Actimize continues to invest to support our customers globally, applying our financial crime prevention expertise and SaaS solutions to meet critical needs,” said Craig Costigan, CEO, NICE Actimize. “We look forward to supporting TF Bank and its future growth as it pursues its goals to better protect customers utilizing our advanced suite of AML offerings.”
“As our digital bank implements an advanced anti-money laundering strategy propelled by the innovative SaaS solutions provided by NICE Actimize we will protect our banking customers and provide greater capabilities to support our analysts as they strive to become more efficient,” said Joanna Badawy, Head of Anti-Money Laundering, TF Bank.
NICE Actimize’s entity-centric approach effectively monitors money laundering risks across the customer lifecycle. The Transaction Monitoring functionality optimizes monitoring and detection to improve effectiveness and route high-risk alerts to the right team at the right time. Suspicious Activity Monitoring (SAM) provides AML-tailored analytics for flexible and comprehensive coverage of money laundering red flags.
The Screening function provides pinpoint accurate screening results with advanced matching and AI for party and real-time payments screening. NICE Actimize’s KYC/CDD/EDD capabilities leverage event-based triggers to streamline customer risk assessments and reviews for a more complete understanding of customer risk.
For more information on NICE Actimize’s entity-centric AML solutions infused with AI and machine learning, please click here.
About TF Bank
TF Bank was founded 1987 and is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Deposit and lending activities are conducted in
About 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
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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 TF Bank choose from NICE Actimize?
How will NICE Actimize's AML solutions benefit TF Bank's operations?
What features does NICE Actimize's Transaction Monitoring system offer?
