NICE Actimize Wins 2024 RegTech Insight Awards APAC for “Best Transaction Monitoring Solution”
NICE Actimize, a NICE (NASDAQ: NICE) business, has won the 'Best Transaction Monitoring Solution' category in A-Team Group's 2024 RegTech Insight APAC awards. This marks their second consecutive win, recognizing the company's Suspicious Activity Monitoring (SAM) solution for its ability to address regulatory challenges in the Asia-Pacific market.
SAM offers multiple layers of defense using advanced machine learning algorithms to ensure comprehensive monitoring and rapid detection of potentially illicit transactions. The solution's entity-centric AML approach enriches profiles and uses segmentation to identify true suspicious activity. It also features next-generation analytics for advanced anomaly detection, model optimization, and network risk analytics.
NICE Actimize's solution is designed to help financial institutions in the APAC region overcome challenges such as high false positive rates and poor investigation efficiencies, while addressing regulations from various authorities including MAS, AUSTRAC, JFSA, and OJK.
NICE Actimize, un'azienda di NICE (NASDAQ: NICE), ha vinto la categoria 'Migliore Soluzione di Monitoraggio delle Transazioni' agli A-Team Group's 2024 RegTech Insight APAC awards. Questo segna la loro seconda vittoria consecutiva, riconoscendo la soluzione Suspicious Activity Monitoring (SAM) dell'azienda per la sua capacità di affrontare le sfide normative nel mercato Asia-Pacifico.
Il SAM offre numerosi livelli di protezione utilizzando algoritmi avanzati di machine learning per garantire un monitoraggio completo e una rapida rilevazione di transazioni potenzialmente illecite. L'approccio AML centrato sull'entità della soluzione arricchisce i profili e utilizza la segmentazione per identificare le vere attività sospette. Presenta inoltre analisi di nuova generazione per la rilevazione avanzata delle anomalie, l'ottimizzazione dei modelli e l'analisi dei rischi di rete.
La soluzione di NICE Actimize è progettata per aiutare le istituzioni finanziarie nella regione APAC a superare sfide come elevati tassi di falsi positivi e scarsa efficienza nelle indagini, affrontando nel contempo le normative di diverse autorità, tra cui MAS, AUSTRAC, JFSA e OJK.
NICE Actimize, una empresa de NICE (NASDAQ: NICE), ha ganado la categoría de 'Mejor Solución de Monitoreo de Transacciones' en los premios A-Team Group's 2024 RegTech Insight APAC. Este es su segundo triunfo consecutivo, reconociendo la solución Suspicious Activity Monitoring (SAM) de la compañía por su capacidad de abordar los desafíos regulatorios en el mercado de Asia-Pacífico.
El SAM ofrece múltiples capas de defensa utilizando algoritmos avanzados de machine learning para garantizar un monitoreo integral y una rápida detección de transacciones potencialmente ilícitas. El enfoque centrado en la entidad en AML enriquece los perfiles y utiliza la segmentación para identificar actividades verdaderamente sospechosas. También cuenta con analítica de nueva generación para la detección avanzada de anomalías, optimización de modelos y análisis de riesgo de red.
La solución de NICE Actimize está diseñada para ayudar a las instituciones financieras en la región APAC a superar desafíos como altas tasas de falsos positivos y baja eficiencia en las investigaciones, al mismo tiempo que aborda las regulaciones de diversas autoridades, incluidas MAS, AUSTRAC, JFSA y OJK.
NICE Actimize는 NICE (NASDAQ: NICE) 기업으로, A-Team Group의 2024 RegTech Insight APAC 어워드에서 '최우수 거래 모니터링 솔루션' 부문을 수상했습니다. 이는 아시아-태평양 시장의 규제 문제를 해결할 수 있는 회사의 Suspicious Activity Monitoring (SAM) 솔루션을 인정받아 두 번째 연속 수상입니다.
SAM은 다중 방어 계층을 제공하며, 고급 기계 학습 알고리즘을 사용하여 포괄적인 모니터링과 잠재적인 불법 거래의 신속한 탐지를 보장합니다. 엔티티 중심의 AML 접근법은 프로필을 풍부하게 하고 세분화를 통해 진짜 의심스러운 활동을 식별합니다. 또한 차세대 분석 기능을 통해 고급 이상 탐지, 모델 최적화 및 네트워크 리스크 분석을 제공합니다.
NICE Actimize의 솔루션은 APAC 지역의 금융 기관들이 높은 허위 긍정률 및 낮은 조사 효율성이라는 문제를 극복하도록 설계되었으며, MAS, AUSTRAC, JFSA 및 OJK와 같은 다양한 규제 기관의 규정도 처리합니다.
NICE Actimize, une entreprise de NICE (NASDAQ: NICE), a remporté la catégorie 'Meilleure Solution de Surveillance des Transactions' aux A-Team Group's 2024 RegTech Insight APAC Awards. Cela marque leur deuxième victoire consécutive, reconnaissant la solution Suspicious Activity Monitoring (SAM) de l'entreprise pour sa capacité à relever les défis réglementaires sur le marché Asie-Pacifique.
Le SAM offre plusieurs couches de défense en utilisant des algorithmes avancés d'apprentissage automatique pour garantir une surveillance complète et une détection rapide des transactions potentiellement illicites. L'approche AML centrée sur l'entité de la solution enrichit les profils et utilise la segmentation pour identifier les véritables activités suspectes. Il comprend également des analyses de nouvelle génération pour la détection avancée des anomalies, l'optimisation des modèles et l'analyse des risques de réseau.
La solution de NICE Actimize est conçue pour aider les institutions financières de la région APAC à surmonter des défis tels que des taux de faux positifs élevés et une faible efficacité des enquêtes, tout en répondant aux réglementations de diverses autorités, notamment MAS, AUSTRAC, JFSA et OJK.
NICE Actimize, ein Unternehmen von NICE (NASDAQ: NICE), hat in der Kategorie 'Beste Transaktionsüberwachungs-Lösung' bei den A-Team Group's 2024 RegTech Insight APAC Awards gewonnen. Dies markiert ihren zweiten aufeinanderfolgenden Sieg und würdigt die Suspicious Activity Monitoring (SAM)-Lösung des Unternehmens für ihre Fähigkeit, regulatorische Herausforderungen im asiatisch-pazifischen Raum zu bewältigen.
Das SAM bietet mehrere Verteidigungsebenen, indem es fortschrittliche Machine-Learning-Algorithmen verwendet, um umfassende Überwachung und schnelle Erkennung potenziell illegaler Transaktionen zu gewährleisten. Der entitätszentrierte AML-Ansatz der Lösung bereichert Profile und nutzt Segmentierung zur Identifizierung echter verdächtiger Aktivitäten. Es verfügt auch über Next-Generation-Analysen für fortschrittliche Anomalieerkennung, Modelloptimierung und Netzwerkrisikoanalysen.
Die Lösung von NICE Actimize ist darauf ausgelegt, Finanzinstitute in der APAC-Region dabei zu unterstützen, Herausforderungen wie hohe Falsch-Positiv-Raten und ineffiziente Ermittlungen zu überwinden, während sie die Vorschriften verschiedener Behörden wie MAS, AUSTRAC, JFSA und OJK berücksichtigt.
- Won 'Best Transaction Monitoring Solution' award in 2024 RegTech Insight APAC awards
- Suspicious Activity Monitoring (SAM) solution offers advanced machine learning algorithms for precise detection
- Entity-centric AML approach enhances risk management and regulatory compliance
- Next-generation analytics improve anomaly detection and network risk analysis
- None.
The award acknowledged NICE Actimize’s Suspicious Activity Monitoring solution and its ability to address regulatory problems facing the
For its second consecutive year, these awards recognize leading providers of RegTech solutions that have successfully improved firms’ abilities to address the challenges of the evolving, complex regulatory requirements across the global financial services industry within the
NICE Actimize’s Suspicious Activity Monitoring (SAM) offers multiple layers of defense, using the latest technology advancements to ensure comprehensive monitoring and detection of suspicious activity. SAM ensures rapid detection of potentially illicit transactions, using advanced machine learning algorithms to guarantee precision. This system enhances a financial institution's ability to deliver its transaction monitoring program as efficiently and effectively as possible while offering a wide range of coverage. In doing so the financial institution is able to spot and manage risk, stay ahead of regulatory requirements and maintain the trust of its stakeholders.
The solution’s entity-centric AML approach delivers data to enrich profiles and multiple layers to segment, monitor, and ensure that true suspicious activity is identified. NICE Actimize’s Suspicious Activity Monitoring also offers next-generation analytics, including machine learning for advanced anomaly detection, model optimization, and network risk analytics, detecting suspicious relationships and transaction patterns accurately.
“The Asia-Pacific region faces disparate technology and regulatory requirements since the region encompasses many countries and cultures. As a result, many financial institutions in APAC struggle with high false positive rates and poor investigation efficiencies,” said Craig Costigan, NICE Actimize. “We thank the judges and voters for the RegTech Insight Awards for recognizing the innovation in transaction monitoring that we bring to the
Angela Wilbraham, CEO at A-Team Group, and host of the 2nd annual RegTech Insight Awards APAC 2024 commented, “These awards celebrate providers of leading RegTech solutions, services and consultancy across
NICE Actimize anti-money laundering solutions, including its Suspicious Activity monitoring solution (SAM) addresses the significant regulations in the APAC region, including those from The Monetary Authority of
To read our report, “SAM: An Evolution in Transaction Monitoring A Multilayered Defense to Strengthen Transaction Monitoring,” please click here. To read our eBook, :Six Transformative Steps to Evolve Your Transaction Monitoring, please click here.
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; 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:
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
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