NiCE Actimize, a NiCE (NASDAQ: NICE) business, announced that Aberdeen Group, a UK-based global investment management firm headquartered in Edinburgh, has selected NiCE Actimize’s X-Sight Suspicious Activity Monitoring (SAM) and Watch List Screening solutions as part of its financial crime operations. These are part of NiCE Actimize’s advanced portfolio of anti-money laundering (AML) solutions which address financial services institutions’ (FIs) most pressing challenges.
Harnessing the power of advanced analytics to detect suspicious activity with pinpoint accuracy, NiCE Actimize’s SAM employs sophisticated machine learning and graph-based analytics to uncover patterns of illicit behaviors and suspicious transactions.
NiCE Actimize’s proven AI-powered screening solution, WL-X, provides advanced matching techniques, predictive analytics and seamless access to extensive global lists and data sources for party and real-time transaction screening. WL-X provides the power to identify high-risk customers and counterparties quickly and with precision.
This approach has enabled Aberdeen Group to better support client and customer outcomes through deployment of next generation analytics and enhanced case management, according to Aberdeen.
Notes Craig Costigan, CEO, NiCE Actimize, “Our industry-leading anti-money laundering portfolio provides a comprehensive view of potential risks. Not only does its multi-tiered approach enhance the ability to catch suspicious activity early, but it also ensures comprehensive protection against evolving financial crime threats. We look forward to continuing to work with Aberdeen to enhance the effectiveness of its financial crime prevention.”
