NICE Ltd - NICE STOCK NEWS

NICE announced that Arrow XL, the UK's largest two-person home delivery specialist, has chosen NICE CXone for its digital transformation. Arrow XL selected NICE after an intensive RFP process, seeking to unify communications and scale operations for thousands of weekly deliveries. The move to CXone has already yielded efficiency improvements and cost savings within months of deployment.

Arrow XL is implementing Enlighten AutoSummary to reduce manual notetaking during after-call work. The cloud-based CX services will position the company to stay ahead with cutting-edge technologies. Rachel Hopkins, CIO of Arrow XL, stated that the digital transformation has achieved significant savings, which can be reinvested in future improvements.

NICE Actimize, a NICE (NASDAQ: NICE) business, has released its 2024 Fraud Insights Report, highlighting evolving fraud trends. Key findings include:

1. A shift from Account Takeover (ATO) to Authorized Fraud
2. Increase in investment and romance scams
3. 6% rise in attempted fraud volume, but 26% decrease in value
4. 36% surge in genuine P2P transactions by volume, 38% by value
5. Web-based P2P transactions have a fraud rate 5X higher than mobile-based

The report emphasizes the need for sophisticated AI-driven fraud prevention solutions to protect financial institutions and consumers. NICE Actimize's approach leverages advanced AI, real-time detection, and collective intelligence to combat evolving fraud tactics.

Dutch Railways, the principal railway operator in the Netherlands, has successfully transitioned its customer experience operations to the cloud using NICE CXone. The move from multiple legacy systems to CXone Complete Suite and NICE Workforce Management aims to consolidate operations and drive digital innovation. Key benefits include:

1. Improved agent efficiency and satisfaction
2. Streamlined omnichannel customer journeys
3. Reduced contact center costs
4. Increased customer satisfaction
5. 90% of agents now handle both voice and digital interactions

The implementation, supported by partner BrightContact, has simplified the service experience while benefiting agents and the company. NICE's platform superiority is evident in Dutch Railways' initial results, showcasing NICE's commitment to exceptional customer experiences.

NICE (Nasdaq: NICE) announced that the Pinal County Attorney's Office in Arizona will deploy NICE Justice, an AI-powered digital evidence management solution. This move aims to streamline justice and enhance community service in the third-most populous county in Arizona. NICE Justice will digitally transform how prosecutors manage and share digital evidence, freeing them from manual tasks and allowing focus on case building.

The solution offers AI and automation capabilities for object detection, automated case building, transcription, translation, and analytics. It will help the office, which handles over 2,500 felony and 1,000 misdemeanor cases annually, to manage the influx of digital evidence more efficiently. NICE Justice also simplifies eDiscovery and evidence sharing with defense through a secure, trackable process.

Similarweb (NYSE: SMWB) has appointed Lisa Campbell and Barak Eilam to its Board of Directors, following overwhelming shareholder approval. This move strengthens the company's leadership as it aims to become the world's leading digital data company. Campbell, former CMO of OneTrust and Autodesk, brings over 20 years of experience in business strategy and marketing. Eilam, current CEO of NICE , contributes extensive expertise in executive management and business development.

These appointments, along with the recent addition of Kipp Bodnar (CMO of HubSpot), reflect Similarweb's commitment to investing in top-tier leadership. CEO Or Offer expressed confidence that their insights and guidance will contribute to the company's ongoing success and innovation in providing digital intelligence solutions.

NICE has been named the undisputed leader in Metrigy's CCaaS MetriRank 2024 report for the second consecutive year. The company earned top scores in market share, financial strength, product mix, and customer business success. NICE's CXone Mpower, combining the CXone platform with the Enlighten suite, was highlighted as an ultimate CX-aware AI solution. Metrigy emphasized NICE's strong financial position and its ability to maintain market leadership. The report also noted NICE's high ratings in AI capabilities and service value, as well as impressive metrics in first contact resolution (65.6%) and low agent attrition rates.

NICE Enlighten Copilot has won the 2024 BIG Innovation Award for Artificial Intelligence Excellence, presented by the Business Intelligence Group. This award recognizes organizations driving innovation in AI across various fields.

Enlighten Copilot is an AI-powered solution that assists contact center agents by generating personalized guidance for every interaction. It combines Generative AI with purpose-built AI for customer experience (CX) to enhance agent performance, maximize skilled labor potential, and minimize costs.

Key features of Enlighten Copilot include:

• Conversational knowledge
• On-demand guidance
• Task automation
• AI-driven coaching for supervisors

The solution aims to reduce repetitive tasks, provide faster access to knowledge, and improve both agent and consumer experiences. NICE's approach combines CXone's interaction-centric platform with Enlighten's AI to drive AI-powered interactions and enhance customer experience.

NICE has introduced its Integrated Front Door to Government Services, a new FedRAMP solution aimed at improving citizen access to government resources. This innovative platform leverages generative AI to provide a unified voice and digital entry point for constituents, enabling them to self-serve or seamlessly transfer to live agents within the correct agency. The solution determines intent, authenticates users, and captures relevant data, ensuring a frictionless experience.

Key features include:

• Omnichannel intelligent virtual assistant for various constituent services
• Ability to resolve multiple needs in a single interaction
• Proactive identification of open issues
• Enhanced knowledge management using Enlighten AI
• Real-time interaction capabilities for form filling and program enrollment

This initiative addresses a top government priority to enhance citizen experience and streamline access to services.

NICE (Nasdaq: NICE) has won the 'Best AI-based Solution for Customer Experience' award at the 2024 AI Breakthrough Awards for its Enlighten Copilot. This Generative AI solution offers customer service employees a conversational AI experience, acting as an empowerment booster.

Enlighten Copilot produces accurate, brand-specific prompts and next best actions, promoting smarter guided interactions, AI-driven personalized coaching, and offloading of repetitive tasks. It lives inside the CXone Agent workspace, combining real-time transcription, knowledge content, purpose-built AI models for CX, and Generative AI to suggest personalized, timely responses.

Barry Cooper, President of NICE's CX Division, emphasized that Enlighten Copilot enables dynamic skills transfer between humans and AI, allowing employees to work smarter and faster while understanding customers' intents and preferences more deeply.