NICE Actimize Positioned As Overall Leader in 2022 Quadrant Knowledge Solutions Inaugural Watchlist and Sanctions Monitoring Solutions Report

Rhea-AI Summary

NICE Actimize has been recognized as a leader in the Watchlist and Sanctions Monitoring Solutions market by Quadrant Knowledge Solutions in their SPARK Matrix™ report. The report evaluates 16 vendors and highlights NICE Actimize for its technology excellence and customer impact. The WL-X solution stands out for its comprehensive capabilities and compliance with regulatory standards. CEO Craig Costigan emphasizes the importance of advanced technologies for organizations to manage compliance risk effectively. This accolade underscores NICE Actimize's strength in financial crime risk management.

Positive

• Ranked as the overall leader in Watchlist and Sanctions Monitoring Solutions by Quadrant Knowledge Solutions.
• Received the highest ratings for technology excellence and customer impact.
• WL-X solution offers advanced capabilities like next-generation matching and integration with other compliance solutions.

Negative

• None.

NICE Actimize emerges as the highest-scoring watchlist screening vendor across Technology Excellence and Customer Impact metrics in the SPARK Matrix™ ranking

HOBOKEN, N.J.--(BUSINESS WIRE)-- NICE Actimize, a NICE (Nasdaq: NICE) business, has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as the overall Leader in its recently released report titled “SPARK Matrix™: Watchlist and Sanctions Monitoring Solutions 2022.” The inaugural research report, which provides competitive analysis and a ranking of 16 Watchlist and Sanctions Monitoring Solutions vendors in the form of its proprietary SPARK Matrix, gave NICE Actimize the highest ratings across the performance parameters of technology excellence and customer impact. To download a complimentary copy of the Quadrant Knowledge “SPARK Matrix™: Watchlist and Sanctions Monitoring Solution, 2022,” please click here.

Citing NICE Actimize’s strengths, the report noted, “WL-X offers comprehensive watch list monitoring and sanctions screening capabilities, which includes next-generation matching for payment and party screening, data intelligence, advanced analytics, and dynamic integration with other compliance and KYC solutions. WL-X is a fully compliant solution, using explainable advanced analytics embedding fully documented and audited changes, decisions, and outcomes for complete regulatory compliance.”

Vaishali Moitra, Analyst, Quadrant Knowledge Solutions, states, “With its extensive functional capabilities, strong customer value proposition, rich industry expertise in financial crime and risk management, robust vision and roadmap, NICE Actimize has been recognized as a leader in the ‘SPARK Matrix™: Watchlist and Sanctions Monitoring Solutions, 2022’.”

According to the Quadrant Knowledge Solutions report, “NICE Actimize takes an entity-centric approach to financial crime risk management, allowing organizations to get a holistic picture of each customer and their risks. Actimize's screening solution integrates with Actimize's Customer Due Diligence (CDD), and Suspicious Activity Monitoring (SAM) in addition to the newly released X-Sight Entity Risk solution which integrates disposition results and other actionable insights across entire portfolio and with third-party solutions. Delivering a consolidated entity profile and comprehensive entity risk score.”

“With ever-evolving screening requirements, organizations must rely on advanced solutions to monitor for compliance risk while preventing fines and reputational damage. With AML sanctions screening integral to managing risk across the customer lifecycle, only NICE Actimize supports financial institutions with the right advanced technologies to keep pace with changing regulations and to streamline operations,” said Craig Costigan, CEO, NICE Actimize.

Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot of the market positioning of the key market participants. SPARK Matrix provides a visual representation of market participants and provides strategic insights on how each supplier ranks related to their competitors, concerning various performance parameters based on the category of technology excellence and customer impact.

About Quadrant Knowledge Solutions:
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://quadrant-solutions.com/market-research/.

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.

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, including as a result of the COVID-19 pandemic; 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 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; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230103005080/en/

Corporate Media Contact:

Cindy Morgan-Olson, +1 646 408 5896, ET, cindy.morgan-olson@niceactimize.com

Investors:

Marty Cohen, +1 551 256 5354, ET, ir@nice.com

Omri Arens, +972 3 763 0127, CET, ir@nice.com

Source: NICE

FAQ

What is the recent ranking of NICE Actimize in the SPARK Matrix?

NICE Actimize was ranked as the overall leader in the SPARK Matrix for Watchlist and Sanctions Monitoring Solutions by Quadrant Knowledge Solutions.

What performance parameters did NICE Actimize excel in according to the SPARK Matrix?

NICE Actimize excelled in technology excellence and customer impact according to the SPARK Matrix rankings.

What is the significance of the WL-X solution from NICE Actimize?

The WL-X solution provides comprehensive watch list monitoring and sanctions screening capabilities, integrating advanced analytics and ensuring regulatory compliance.

Who acknowledged NICE Actimize's leadership in the financial crime risk management sector?

Quadrant Knowledge Solutions recognized NICE Actimize as a leader in its SPARK Matrix report.

How does NICE Actimize support organizations in managing compliance risks?

NICE Actimize's solutions provide advanced technologies to monitor compliance risks, helping organizations prevent fines and reputational damage.