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NICE Actimize Positioned as a "Category Leader"in Chartis RiskTech Quadrant[TM]For Anti-Money Laundering Solutions 2013
NICE Actimize positioned highest in the industry for "Completeness of Offering" among global vendor landscape with its full lifecycle monitoring, from onboarding to transaction and sanctions monitoring capabilities
NEW YORK, May 2, 2013 /PRNewswire/ --
NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest
provider of a single financial crime, risk and compliance software platform for the
financial services industry, announced today that the company was positioned as a Category
Leader in the Chartis RiskTech Quadrant[TM] for Anti-Money Laundering Solutions.
Additionally, its suite of Anti-Money Laundering solutions received the highest position
in terms of "completeness of offering" within the global vendor landscape. Chartis
provides research and analysis on the global market for risk management technology.
The report, which covers the competitive market landscape of AML vendors and
technologies, uses Chartis's proprietary RiskTech Quadrant(TM) to explain the structure of
the market. The RiskTech Quadrant(TM) uses a comprehensive methodology of in-depth
independent research and a scoring system to explain which technology solutions meet an
organization's needs.
According to the Chartis report, there is a significant long-term trend towards
increased AML regulations and stricter supervision. Chartis notes that financial
institutions need to be able to cope with more screening, a higher volume of watch-list
names, and stricter regulation.
"In updating their AML systems, financial institutions are looking to take advantage
of recent innovations, such as more advanced analytics and real-time technologies," said
Peyman Mestchian, Managing Partner at Chartis Research. "NICE Actimize's ongoing
investment in product and service innovation has positioned it a leader in AML solutions."
"The anti-money laundering regulatory environment has evolved dramatically in the past
few years. We are seeing unprecedented requirements and penalties worldwide," said Amir
Orad, president and CEO of NICE Actimize. "NICE Actimize remains committed to ongoing
investments that will enable firms to address the increasingly challenging regulatory
landscape. We are honored that our commitment, global leadership and deep expertise has
once again been recognized by Chartis."
Chartis defines 'Category Leaders' as those risk technology vendors that "have the
necessary depth and breadth of functionality, technology, and content, combined with the
organizational characteristics to capture significant market share by volume and value."
Additionally, the report states, Category Leaders can address the needs of very large
clients with complex risk management and technology requirements, as well as addressing
the needs of smaller clients with standardized requirements looking for integrated
solutions from a single vendor.
In establishing the criteria for the "completeness of offering" designation, Chartis
considered five critical attributes including depth of functionality, which included level
of sophistication, detailed features and user-friendliness; breadth of functionality; data
management and technology.
The Actimize Anti-Money Laundering solutions suite offers end-to-end coverage of
anti-money laundering regulations, and includes full lifecycle monitoring from onboarding
to transaction and sanctions monitoring capabilities. The suite combines focused models,
rules and profiles with advanced analytics to help financial institutions comply with
anti-money laundering regulations from agencies around the world, and covering such
additional functions as identification of suspicious activities and high-risk customers.
The Actimize FATCA Compliance solution enables complete lifecycle assessment to identify,
manage, and report on the FATCA status of customers, business entities, and owners. The
company's proven expertise and packaged offerings are dedicated to banking, securities,
insurance and regulatory bodies.
About Chartis Research
Chartis is recognized internationally as the leading research and advisory firm
focused exclusively on the risk technology market. For more information visit
http://www.chartis-research.com. RiskTech Quadrant(TM) is a registered trademark of
Chartis Research Limited. Chartis Research is authorized and regulated by the Financial
Services Authority (FSA) for providing investment advice.
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 http://www.nice.com/actimize.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions
that enable organizations to take the next best action in order to improve customer
experience and business results, ensure compliance, fight financial crime, and safeguard
people and assets. NICE's solutions empower organizations to capture, analyze, and apply,
in real time, insights from both structured and unstructured Big Data. This data comes
from multiple sources, including phone calls, mobile apps, emails, chat, social media,
video, and transactions. NICE solutions are used by over 25,000 organizations in more than
150 countries, including over 80 of the Fortune 100 companies. http://www.nice.com
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE
Systems. All other marks are trademarks of their respective owners. For a full list of
NICE Systems' marks, please see: http://www.nice.com/nice-trademarks.
Press Contacts:
Cindy Morgan-Olson
NICE Actimize
+1-212-851-8842
cindy.morgan-olson@actimize.com
Investors:
Marty Cohen
+1-212-574-3635 (ET)
Anat Earon-Heilborn
+972-9-775-3798 (CET)
NICE Systems Ltd.
ir@nice.com
Nice Systems Ltd.
NICE Actimize Positioned as a "Category Leader"in Chartis RiskTech Quadrant[TM]For Anti-Money Laundering Solutions 2013
NICE Actimize positioned highest in the industry for "Completeness of Offering" among global vendor landscape with its full lifecycle monitoring, from onboarding to transaction and sanctions monitoring capabilities
NEW YORK, May 2, 2013 /PRNewswire/ --
NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest
provider of a single financial crime, risk and compliance software platform for the
financial services industry, announced today that the company was positioned as a Category
Leader in the Chartis RiskTech Quadrant[TM] for Anti-Money Laundering Solutions.
Additionally, its suite of Anti-Money Laundering solutions received the highest position
in terms of "completeness of offering" within the global vendor landscape. Chartis
provides research and analysis on the global market for risk management technology.
The report, which covers the competitive market landscape of AML vendors and
technologies, uses Chartis's proprietary RiskTech Quadrant(TM) to explain the structure of
the market. The RiskTech Quadrant(TM) uses a comprehensive methodology of in-depth
independent research and a scoring system to explain which technology solutions meet an
organization's needs.
According to the Chartis report, there is a significant long-term trend towards
increased AML regulations and stricter supervision. Chartis notes that financial
institutions need to be able to cope with more screening, a higher volume of watch-list
names, and stricter regulation.
"In updating their AML systems, financial institutions are looking to take advantage
of recent innovations, such as more advanced analytics and real-time technologies," said
Peyman Mestchian, Managing Partner at Chartis Research. "NICE Actimize's ongoing
investment in product and service innovation has positioned it a leader in AML solutions."
"The anti-money laundering regulatory environment has evolved dramatically in the past
few years. We are seeing unprecedented requirements and penalties worldwide," said Amir
Orad, president and CEO of NICE Actimize. "NICE Actimize remains committed to ongoing
investments that will enable firms to address the increasingly challenging regulatory
landscape. We are honored that our commitment, global leadership and deep expertise has
once again been recognized by Chartis."
Chartis defines 'Category Leaders' as those risk technology vendors that "have the
necessary depth and breadth of functionality, technology, and content, combined with the
organizational characteristics to capture significant market share by volume and value."
Additionally, the report states, Category Leaders can address the needs of very large
clients with complex risk management and technology requirements, as well as addressing
the needs of smaller clients with standardized requirements looking for integrated
solutions from a single vendor.
In establishing the criteria for the "completeness of offering" designation, Chartis
considered five critical attributes including depth of functionality, which included level
of sophistication, detailed features and user-friendliness; breadth of functionality; data
management and technology.
The Actimize Anti-Money Laundering solutions suite offers end-to-end coverage of
anti-money laundering regulations, and includes full lifecycle monitoring from onboarding
to transaction and sanctions monitoring capabilities. The suite combines focused models,
rules and profiles with advanced analytics to help financial institutions comply with
anti-money laundering regulations from agencies around the world, and covering such
additional functions as identification of suspicious activities and high-risk customers.
The Actimize FATCA Compliance solution enables complete lifecycle assessment to identify,
manage, and report on the FATCA status of customers, business entities, and owners. The
company's proven expertise and packaged offerings are dedicated to banking, securities,
insurance and regulatory bodies.
About Chartis Research
Chartis is recognized internationally as the leading research and advisory firm
focused exclusively on the risk technology market. For more information visit
http://www.chartis-research.com. RiskTech Quadrant(TM) is a registered trademark of
Chartis Research Limited. Chartis Research is authorized and regulated by the Financial
Services Authority (FSA) for providing investment advice.
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 http://www.nice.com/actimize.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions
that enable organizations to take the next best action in order to improve customer
experience and business results, ensure compliance, fight financial crime, and safeguard
people and assets. NICE's solutions empower organizations to capture, analyze, and apply,
in real time, insights from both structured and unstructured Big Data. This data comes
from multiple sources, including phone calls, mobile apps, emails, chat, social media,
video, and transactions. NICE solutions are used by over 25,000 organizations in more than
150 countries, including over 80 of the Fortune 100 companies. http://www.nice.com
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE
Systems. All other marks are trademarks of their respective owners. For a full list of
NICE Systems' marks, please see: http://www.nice.com/nice-trademarks.
Press Contacts:
Cindy Morgan-Olson
NICE Actimize
+1-212-851-8842
cindy.morgan-olson@actimize.com
Investors:
Marty Cohen
+1-212-574-3635 (ET)
Anat Earon-Heilborn
+972-9-775-3798 (CET)
NICE Systems Ltd.
ir@nice.com
Nice Systems Ltd.