NICE Actimize Positioned as a "Category Leader"in Chartis RiskTech
Quadrant[TM]For Anti-Money Laundering Solutions 2013
NICE Actimize positioned highest in the industry for "Completeness of
Offering" among global vendor landscape with its full lifecycle monitoring,
from onboarding to transaction and sanctions monitoring capabilities
NEW YORK, May 2, 2013
NEW YORK, May 2, 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 company
was positioned as a Category Leader in the Chartis RiskTech Quadrant^[^TM^]
for Anti-Money Laundering Solutions. Additionally, its suite of Anti-Money
Laundering solutions received the highest position in terms of "completeness
of offering" within the global vendor landscape. Chartis provides research and
analysis on the global market for risk management technology.
The report, which covers the competitive market landscape of AML vendors and
technologies, uses Chartis's proprietary RiskTech Quadrant™ to explain the
structure of the market. The RiskTech Quadrant™ uses a comprehensive
methodology of in-depth independent research and a scoring system to explain
which technology solutions meet an organization's needs.
According to the Chartis report, there is a significant long-term trend
towards increased AML regulations and stricter supervision. Chartis notes that
financial institutions need to be able to cope with more screening, a higher
volume of watch-list names, and stricter regulation.
"In updating their AML systems, financial institutions are looking to take
advantage of recent innovations, such as more advanced analytics and real-time
technologies," said Peyman Mestchian, Managing Partner at Chartis Research.
"NICE Actimize's ongoing investment in product and service innovation has
positioned it a leader in AML solutions."
"The anti-money laundering regulatory environment has evolved dramatically in
the past few years.We are seeing unprecedented requirements and penalties
worldwide," said Amir Orad, president and CEO of NICE Actimize. "NICE Actimize
remains committed to ongoing investments that will enable firms to address the
increasingly challenging regulatory landscape. We are honored that our
commitment, global leadership and deep expertise has once again been
recognized by Chartis."
Chartis defines 'Category Leaders' as those risk technology vendors that "have
the necessary depth and breadth of functionality, technology, and content,
combined with the organizational characteristics to capture significant market
share by volume and value." Additionally, the report states, Category Leaders
can address the needs of very large clients with complex risk management and
technology requirements, as well as addressing the needs of smaller clients
with standardized requirements looking for integrated solutions from a single
In establishing the criteria for the "completeness of offering" designation,
Chartis considered five critical attributes including depth of functionality,
which included level of sophistication, detailed features and
user-friendliness; breadth of functionality; data management and technology.
The Actimize Anti-Money Laundering solutions suite offers end-to-end coverage
of anti-money laundering regulations, and includes full lifecycle monitoring
from onboarding to transaction and sanctions monitoring capabilities. The
suite combines focused models, rules and profiles with advanced analytics to
help financial institutions comply with anti-money laundering regulations from
agencies around the world, and covering such additional functions as
identification of suspicious activities and high-risk customers. The Actimize
FATCA Compliance solution enables complete lifecycle assessment to identify,
manage, and report on the FATCA status of customers, business entities, and
owners. The company's proven expertise and packaged offerings are dedicated to
banking, securities, insurance and regulatory bodies.
About Chartis Research
Chartis is recognized internationally as the leading research and advisory
firm focused exclusively on the risk technology market. For more information
visit http://www.chartis-research.com. RiskTech Quadrant™ is a registered
trademark of Chartis Research Limited. Chartis Research is authorized and
regulated by the Financial Services Authority (FSA) for providing investment
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:
NICE Systems Ltd.
SOURCE Nice Systems Ltd.
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