NICE Actimize Expands “Essentials” Cloud Offerings with Fraud Management Options Addressing Mid-Sized
Financial Services Organizations
Actimize Fraud Essentials serves as both a single and cross-channel solution for online banking
and mobile banking channels
NICE Actimize, a NICE (Nasdaq:NICE) business and the largest and broadest provider of financial crime, risk and
compliance software for the financial services industry, announces the expansion of its “Essentials” Cloud offerings with the
addition of the Actimize Fraud Essentials Cloud solution providing a comprehensive fraud detection operation and investigations
platform targeting the specific requirements of mid-sized financial services organizations. Built on the principles of a
software-as-a-service model, this solution offers secure cloud-based delivery that ensures rapid deployment and lowered total cost
of ownership for growing, mid-sized firms protecting themselves from increased fraud attacks.
Joining the previously launched Actimize AML Essentials solutions for integrated anti-money laundering coverage, Actimize Fraud Essentials
serves as both a single and cross-channel solution for online banking and mobile banking channels, and can detect fraud perpetrated
against a multitude of retail payments and interbank transactions such as wire transfers.
Managing the “faster payments” environment, while expanding digital and mobile capabilities, mid-sized financial services
organizations are experiencing increased incidences of fraud, with budget and operational constraints often limiting their
fraud-fighting capabilities. The Actimize Fraud Essentials cloud-based approach provides these institutions a lower cost option
which is flexible and easier to implement than the fraud detection solutions typically adopted by their larger counterparts.
“With fraud on the rise and moving at an increasingly rapid pace, mid-sized firms are most vulnerable to massive attacks,” said
Joe Friscia, President, NICE Actimize. “Our Essentials cloud offerings fill critical needs gaps, while providing the flexibility to
allow for future growth, enhancing the customer experience and ensuring that all client access channels are effectively protected
from fraud.”
An important advantage of Actimize Fraud Essential’s cloud-based, software as a service (SaaS) model is that it reduces costly
upfront capital expenditures while allowing on-going maintenance and upgrades, thereby reducing dependency on the organization’s IT
teams. Offering financial services organizations a faster path to comprehensive fraud protection across Retail Banking divisions,
Actimize Fraud Essentials provides the flexibility to manage higher volumes of transactions.
Leveraging more than a decade of providing comprehensive retail banking fraud solutions to the world’s largest financial
services organizations, the Actimize Fraud Essentials Cloud solution relies on the proven fraud detection platform and robust
administration tools that have powered the processing of hundreds of millions of customer transactions across NICE Actimize’s
customer base. Initial delivery of Actimize Fraud Essentials will begin this summer, with additional fraud components debuting by
the end of the year.
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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
NICE (Nasdaq:NICE) is the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower
organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations
of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in
more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.
Trademark Note: Actimize, the Actimize logo, NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd.
and/or its subsidiaries. All other marks are trademarks of their respective owners. For a full list of NICE's 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. Friscia, 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, may, will, intend, project, 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 the global economic environment on the Company’s customer base
(particularly financial services firms) potentially impacting our business and financial condition; competition; 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; an inability to maintain certain marketing and distribution arrangements; and the
effect of newly enacted or modified laws, regulation or standards on the Company and our products. 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.
Press Contact:
NICE Actimize
Cindy Morgan-Olson, +1-551-256-5000
cindy.morgan-olson@niceactimize.com
or
Investors:
Marty Cohen, +1-551-256-5354
ir@nice.com
or
NICE Ltd.
Yisca Erez, +972-9-775-3798
ir@nice.com
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