NICE Actimize, a division of NICE (NASDAQ: NICE), announced today its recognition as a Leader in the “IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment (March, 2024)”. The assessment, conducted by IDC, evaluated key success measures divided into capabilities and strategies categories.
“NICE Actimize is the fraud solutions vendor of choice for nearly all the largest banks, across all regions, which makes it one of the most widely used fraud solutions,” stated Sean O’Malley, research director, IDC Financial Insights, Worldwide Compliance, Fraud and Risk Analytics Strategies and author of the report. “NICE Actimize leverages artificial intelligence and machine learning to continuously enhance its fraud prevention models and methodologies. Its solutions encompass real-time fraud prevention, anti-money laundering (AML) detection, and trade surveillance.”
The report underscores the effectiveness of NICE Actimize’s IFM Enterprise Fraud Management platform, enabling clients to harness collective intelligence and cross-industry expertise to mitigate risks and protect their reputation. By leveraging insights from other financial institutions using IFM, NICE Actimize empowers its clients to adapt swiftly to emerging fraud threats.
Craig Costigan, CEO of NICE Actimize, highlighted, “Our next-generation Integrated Fraud Management (IFM) integrates AI capabilities throughout the fraud management lifecycle, ensuring agility and efficiency in fraud detection. With investments in intelligent orchestration, network analytics, and industry-leading case management powered by GenAI, we are effectively addressing the evolving challenges faced by financial institutions.”
The report also anticipates the launch of NICE Actimize’s IFM version 11, designed to further enhance fraud prevention capabilities through AI-driven technologies. These advancements aim to optimize the accuracy and responsiveness of fraud prevention teams.
To learn more about NICE Actimize’s Enterprise Fraud Management powered by Pervasive AI, click here.
About NICE NICE (Nasdaq: NICE) enables organizations worldwide to elevate customer experiences and achieve business objectives with its cloud-native customer experience platform, CXone. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform every customer interaction. For more information, visit www.nice.com.
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Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements by Mr. Costigan, are based on current beliefs, expectations, and assumptions of NICE Ltd. management. Actual results or performance may differ materially from those described due to various risks and uncertainties, including economic conditions, competition, and successful execution of growth strategies. For a detailed discussion of risks affecting the company, refer to filings with the U.S. Securities and Exchange Commission (SEC). The company undertakes no obligation to update or revise forward-looking statements, except as required by law.
