NICE Actimize’s “Autonomous Financial Crime Management” User Group to Address Paradigm Shift at Financial
Institutions Fueled By Artificial Intelligence
Addressing transformation, the event showcases industry-leading analytics and machine-learning based
solutions that work together to more effectively fight financial crime
As global financial services organizations become more automated, adopt artificial intelligence, address increasing risks of
financial crime and achieve regulatory compliance, their data scientists and investigators are connecting more closely with one
another to address common challenges. Offering an expert forum to facilitate these discussions, NICE Actimize, a NICE
(Nasdaq:NICE) business and industry leader in Autonomous Financial Crime Management, will address this paradigm shift fueled
by artificial intelligence and machine learning technologies at its 2018 Financial Crime and Compliance Product User Group
to be held on June 5-6 in New York. Focusing on the theme, “Autonomous in Action,” approximately 300 attendees from about 65
financial institutions are expected to join the two-day event.
Demonstrating the impact of Autonomous Financial Crime Management, an approach that injects intelligent analytics and
automation into every step of the financial crime detection and investigations process, the two-day compendium of leadership
keynote addresses, workshops and networking opportunities will provide insights and analysis on how global financial services
organizations may adopt artificial intelligence and machine-learning based technologies to advance detection of sophisticated
financial crimes, address complex regulations, and streamline operations.
Recently, NICE Actimize has introduced “Autonomous in Action” features and functions into the following financial crime
solutions areas:
- In anti-money laundering, NICE Actimize introduced machine learning and intelligent automation
to suspicious activity monitoring. Using “augmented intelligence,” NICE Actimize applies a combination of human expert models
with machine learning to reduce the noise of false positives optimizing financial crime investigations.
- In enterprise fraud, NICE Actimize has injected advanced machine learning capabilities into
its solutions enabling detection of the once uncatchable attacks. With advanced analytics, NICE Actimize has helped overcome the
onslaught of social engineering attacks that have previously cost the market billions of dollars in losses.
- In trade surveillance, NICE Actimize applies advanced analytics to monitor the entire trade
lifecycle with the ability to assess communications and natural language to unearth scams, gain compliance and proactively report
problems to regulators.
- In support of all of these solutions, NICE Actimize’s ActOne, the market’s first AI-enabled
financial crime investigations management platform, introduces intelligent automation to take on the manual tasks of
evidence-building, reducing the time and cost of compliance operations.
Leading the industry in financial crime and compliance solutions, NICE Actimize is investing heavily in these categories,
integrating such innovations as robotic process automation, machine learning, and other advanced analytics into its financial crime
and case management solutions to ensure greater efficiency and cost savings for clients.
“The conversation has changed at our financial institution customers and we are there to support this massive transformation
with new solutions and services. Our ‘Autonomous in Action’ approach, executed across our full line of financial crime solutions,
has seen strong momentum within our customer base. This year’s User Group probes deeply into what this approach is doing to improve
operational efficiency and transform risk and compliance functions. By leveraging robotic process automation, behavioral analytics,
machine learning, and artificial intelligence, financial services organizations are both streamlining risk and compliance functions
and lowering costs. Our User Group fosters discussion and discovery around these advancements as they apply to fighting the bad
guys more effectively than ever,” said Joe Friscia, president, NICE Actimize.
An invitation-only gathering of financial crime solutions users from the world’s most prominent financial services
organizations, the NICE Actimize Financial Crime User Group fosters idea-sharing and exploration around technologies that are
improving anti-money laundering, enterprise fraud, trade surveillance, and case management processes.
Additional NICE Actimize resources:
Event participation is limited to NICE Actimize clients and invited guests, and advanced registration is required.
Media may contact cindy.morgan-olson@niceactimize.com
for further information regarding executive press interviews or solutions demonstrations at the event or off-site post the
event.
About NICE
NICE (Nasdaq:NICE) is the world’s 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: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are
trademarks of their respective owners. For a full list of NICE’s marks, please see: 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.
NICE Actimize
Corporate Media:
Cindy Morgan-Olson, +1-551-256-5000
cindy.morgan-olson@niceactimize.com
or
NICE
Investors:
Marty Cohen, +1 551 256 5354, ET
ir@nice.com
or
Yisca Erez, +972-9-775-3798, CET
ir@nice.com
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