Judging criteria included risk management, innovation, and quality of
service and customer satisfaction
NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the industry's
largest and broadest provider of a single financial crime, risk and
compliance software platform for the financial services industry, was
awarded the 2016 Operational Risk Technology Product of the Year (Sell
Side) by Risk Magazine, a leading financial risk management
journal, at its recently held 2016 awards ceremony. The award cited NICE
Actimize’s leadership and innovation with its Enterprise Risk Case
Management (ERCM) solutions platform. Risk Magazine is part of
IncisiveMedia Group which includes market leading brands such as
Risk.net, Chartis Research and Waters Technology magazine.
This year’s awards consisted of 31 categories, addressing excellence at
financial institutions, clearing houses, exchanges and more, with six
categories specifically focused on market risk, trading and operational
risk technologies. Following its shortlisting process, Risk conducted
a series of interviews with potential finalists, as well as with
customers and other market participants. The final decisions, made by Risk's
editors and journalists, weighed a number of factors, including risk
management, creativity and innovation, quality of service and customer
satisfaction, and engagement with regulatory issues.
The Risk Magazine Awards editorial profile of NICE Actimize
noted, “The vendor's Enterprise Risk Case Management (ERCM) platform is
one of the most popular in the sphere of financial crime, with more than
400 customers, including many of the world's largest banks. Since its
original launch nearly 15 years ago, the product has evolved to keep
pace with industry developments, benefiting from significant investment
and innovation. ERCM continues to win plaudits for its ability to
integrate with in-house processes and detection systems.”
The article also quoted a NICE Actimize customer. “We chose ERCM because
it's very flexible with what we want to do, and allows us to create a
very good workflow that is specific to the user population we have
across geographies. The team has listened carefully and been very
attentive to our needs," says a senior IT official at a large European
bank that went through a request-for-proposal process with six vendors
last year and chose NICE Actimize.
“We are pleased that the Risk Magazine editorial team recognized
our leadership and innovation in the operational risk management space,
and gratified by the support of our global customers that led to this
achievement,” said Chad Hetherington, Global Vice President & General
Manager, Case Management Solutions, NICE Actimize. “Our position as a
market leader has been made possible through continuous product
innovation and a steadfast commitment to our customers. This is what
makes this recognition so special.”
To read Risk Magazine’s full profile of NICE Actimize, please
click here.
About RISK Magazine
Risk.net, incorporating Risk magazine, is the online
information resource for senior financial services executives. The site
delivers exclusive news published every business day, and provides
access to the online editions of seven market-leading financial risk
management publications (Asia Risk, Energy Risk, Insurance
Risk, Operational Risk & Regulation, Risk and Structured
Products). With a history spanning nearly 30 years, Risk has
access to the most senior figures in the market, and gets to the heart
of risk management, regulation and derivatives stories first.
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.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. www.nice.com
Trademark note: Actimize, the Actimize logo, NICE, and the NICE
logo are trademarks or registered trademarks of NICE Systems Ltd. and/or
its subsidiaries. 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.
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. Hetherington
are based on the current expectations of the management of NICE-Systems
Ltd. (the Company) only, and 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 the global economic environment on the
Company’s customer base (particularly financial services firms) and the
resulting uncertainties; 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; pressure on
pricing resulting from competition; and inability to maintain certain
marketing and distribution arrangements. 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 Securities and
Exchange Commission, 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.
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