De-risking Your Finances

The human arsenal might be expansive beyond all known limits, but it still hasn’t seen anything more significant than that desire of improving on a consistent basis. We say this because the stated desire has got the world to hit upon some huge milestones, with technology emerging as quite a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue producing the goods. The same has grown to become a lot more evident in recent times, and assuming one newly-launched solution shakes out just like we envision, it will only make that trend bigger and better moving forward.

NICE Acitimize, a Hoboken, New Jersey-based company, has officially launched a breakthrough Suspicious Activity Monitoring (Sam-10) solution, which is designed to detect suspicious activity in a more efficient manner, while simultaneously reducing the frequency of false positives. Building upon the company’s wider suite of Anti-Money Laundering solutions, Sam-10 leverages an entity-centric AML approach to provide extensive analytics and make the relevant profiles more informed regarding their risk quotient. This approach is particularly noteworthy, as it ensures accurate segmentation and monitoring for the purpose of realizing a more productive detection capability. Now, that is surely the ultimate show-stopper here, but what are some granular-level benefits a user can expect from the development? Well, using NICE Actimize’s extensive catalog of out-of-the-box detection models, advanced analytics, and network risk detection, Sam-10 will be able to deliver detection coverage across all industry verticals. Furthermore, considering it also has the framework to bring forth multi-layered analytics, the solution offers you a much deeper and more contextualized brand of information, something which comes alongside an enhanced user interface. Sam-10 even allows you to bank upon network exploration functionality that aids visual understanding of relationships. Hold on, we are still not done, as the solution further makes it possible for you to access flexible deployment options, with both on-premise and SaaS deployment understood to be available.

“NICE Actimize’s unique, multilayered approach is a true industry differentiator that brings transaction monitoring to the next level. For financial institutions to be more effective, monitoring technology that explores relationships with connected parties, understands suspicious connections, and accurately follows the flows of funds has become increasingly important,” said Craig Costigan, CEO of NICE Actimize.

Founded in 1999, NICE Actimize is today the largest and broadest provider of financial crime, risk, and compliance solutions for regional and global financial institutions, as well as government regulators. Talk about the company’s collection of services, it currently excels in delivering  real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address concerns like payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence, and insider trading. However, given how its parent organization NICE is already serving 25,000 organizations in more than 150 countries, and the sheer technical brilliance of its latest solution, this reach and stature can only be expected to grow substantially in the near future.