NICE Actimize's Anti-Money Laundering Solutions Selected by Indonesia's PT
Bank Central Asia Tbk (BCA)
Actimize Suspicious Activity Monitoring and Watch List Filtering solutions,
with unique support for Asian languages, will provide real-time screening and
transaction monitoring of 12 million accounts for leading Indonesian bank
NEW YORK, March 18, 2013
NEW YORK, March 18, 2013 /PRNewswire/ --
NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and
broadest provider of a single financial crime, risk and compliance software
platform for the financial services industry, announced today that the
Actimize Anti-Money Laundering (AML) Suspicious Activity Monitoring and Watch
List Filtering solutions were selected by Indonesia's leading commercial bank,
PT Bank Central Asia Tbk (BCA), to provide transaction monitoring and client
screening functionality for its more than 950 branch offices. Regulatory
pressures, combined with the fact that the bank was using a previously
installed transaction monitoring system that did not cover the full range of
the bank's product offerings, resulted in the bank's creation of a new
anti-money laundering strategy and the adoption of these key components of
Actimize's Anti-Money Laundering (AML) suite. Upon completion, the software
system is expected to monitor 12 million accounts throughout Indonesia.
NICE Actimize's AML solutions were chosen by the bank, with support by IT
solutions provider Q2 Technologies (subsidiary of Anabatic Technologies), to
fulfill business needs that included flexibility, a consolidated view of
alerts, and real-time transaction and customer screening. BCA will leverage
NICE Actimize's anti-money laundering platform and solutions to address a
variety of regulatory requirements with a single enterprise-wide solution for
multiple business units and regulatory jurisdictions.
"At BCA, we worked closely with NICE Actimize and Q2 Technologies to develop
an effective andrapid deployment strategy for integrating Actimize solutions
with our existing applications. The main objectives are to fully comply with
regulatory requirements and to move from a manual to a fully updated real-time
monitoring capability," said Endra Halim, Group Head Core Application
Management, BCA. "It is important for our bank to be seen as an early adopter
of an automated system in our region, and we feel this strong direction will
give us a competitive advantage in the marketplace."
The ActimizeSuspicious Activity Monitoring solution will provide the bank
with end-to-end coverage to identify and report suspicioustransactions
related to money laundering and terrorist financing. NICE Actimize's Watch
List Filtering solution will provide enterprise-wide, multi-jurisdictional,
and multi-business unit coverage for screening customers and transactions
against sanction, PEP, and internal lists.
The solution's unique 4^th-generation analytics offer effective multi-cultural
name filtering, including unique support for Asian languages, intelligent
risk-based scoring, and real-time interdiction for potential sanctions. All of
NICE Actimize's AML solutions are built on an integrated core risk platform,
with data sharing across solutions, providing rapid deployment and lower total
cost of ownership.
"Our global experience, which includes significant familiarity with the
requirements of the APAC region, in helping financial institutions develop and
execute enterprise-wide anti-money laundering programs allows clients, like
BCA, to develop market-leading strategies that address changing regulatory and
technical requirements," said Amir Orad, President and CEO of NICE Actimize.
"The breadth and flexibility of our technology, including specialized
4^th-generation analytics, when combined with the benefits of our
enterprisewide platform, meet the demands of a multi-cultural environment and
will support BCA's rollout of new products and entry to new markets."
"We are pleased to have been selected by BCA to implement the Actimize
Suspicious Activity Monitoring and Watch List Filtering solutions," said
Sumarto Santosa, Director of Q2 Technologies. "We believe that the solution we
are implementing will enable the bank to establish an effective transaction
monitoring and customer screening strategy that will allow them to
continuously adapt to changing business requirements and remain ahead of the
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 http://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.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks
of NICE Systems. All other marks are trademarks of their respective owners.
For a full list of NICE Systems' marks, please see:
About PT Bank Central Asia Tbk
BCA is one of Indonesia's leading commercial banks with core focus on
transactional banking business providing loan facilities to consumer, SME,
commercial and corporate segments. Today BCA handles more than 11 million
customer accounts serviced by its extensive network of 966 branches, 10,487
ATMs and more than 100,000 EDCs as well as internet & mobile services.
Q2 Technologies is a premier provider of IT security solutions to businesses,
to help them to protect their valuable assets and secure financial risk. Q2
Technologies is continuously building trust with its customers, proving it to
be a company that can be counted on to bring experience, innovation and
programme integrity, leading to success. In order to deliver a world-class
service, we have developed our resources and a strong relationship with
premier technology partners. As an organisation, Q2 considers both employee
satisfaction and top-quality customer services as paramount, and we believe
that the former drives the latter. Our goal is to help firms to secure their
enterprise and offer solutions which match precisely the business needs,
delivering a return on investment and ensuring compliance.
Florence V. Heynard
NICE Systems Ltd.
SOURCE NICE Systems Ltd.
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