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NICE Actimize is No.1 Solution Provider in Anti-Money Laundering, Anti-Fraud Software Categories

June 17, 2011



NICE Actimize, a NICE Systems company, has announced that it has been ranked as the number one solutions provider in both the Anti-Money Laundering (AML) and Anti-Fraud software categories in Operational Risk & Regulation magazine’s Compliance Software Rankings 2011.

Additionally, the company also announced that it achieved the second place position for the Compliance Monitoring & Control software category.

NICE Actimize is a provider of an integrated suite of solutions, leveraging a single platform to manage financial crime and regulatory compliance across all types of financial services businesses. It offers standalone solutions that can be easily integrated into a larger enterprise financial crime and compliance framework.

The company is pleased to have been recognized once again by the readers of Operational Risk & Regulation as providing valued highly respected financial crime and compliance solutions, said Amir Orad, president and CEO at NICE Actimize.

“With three leading positions, representing each of our core business areas, these rankings are proof of the continued market acceptance of NICE Actimize's solutions and are testimony that they effectively fight financial crime,” Orad said.

A survey was conducted over four weeks in April and the rankings were compiled from it. Company officials said that the survey was sent to readers of Operational Risk & Regulation from around the world and was also promoted at http://www.risk.net. Respondents were asked to rank their top five companies across eight categories. The results were compiled by Incisive Research, a subsidiary of Incisive Media.

Victoria Tozer-Pennington, editor, of Operational Risk & Regulation, noted that there is a major industry trend towards consolidation of vendors and cross-channel products to detect both AML and fraud as faster and broader payments systems widen to more channels such as mobile, Web and phone.

“One Actimize client, for example, is consolidating some 200 different AML systems globally into one NICE Actimize product. NICE Actimize’s enterprise-wide fraud and AML solutions are obviously hitting the spot, as the firm ranked first in both categories and moved up two places from third to first in the anti-fraud category compared to last year's rankings,” Tozer-Pennington said.

Last month, NICE Actimize unveiled its position in the Leaders Quadrant in Gartner’s (News - Alert)  “2011 Magic Quadrant for Web Fraud Detection” report.


Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.

Edited by Juliana Kenny
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