News : NICE Actimize Re-Invents Financial Crime Analytics with Flexible Cloud-Enabled ‘Augmented Intelligence’
Hoboken, NJ, USA, May 11, 2018 -- NICE Actimize, a NICE (Nasdaq: NICE) business and a provider in Autonomous Financial Crime Management, is ushering in Augmented Intelligencefor Financial Crime, a reinvented approach to analytics that combines machine intelligence with human Intelligence.
Human intelligence is deeply embedded in Financial Crime Management detection systems, supporting the investigation process to make the right decisions. Financial crime experts train analytics models with deep knowledge of fast-changing regulations and crime patterns. Meanwhile, machine learning and artificial intelligence technologies boost the effectiveness and efficiency of these human-driven systems by identifying unknown risks among massive sets of data and automating much of the investigation process. In the end, machines make intelligent recommendations based on this learning, and humans use their domain knowledge for oversight and to make the final decisions which meet regulator demands. By using augmented intelligence, NICE Actimize combines the wisdom of humans with the power of machines to provide the ultimate Financial Crime management solutions.
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Augmented intelligence means fewer false positives, optimized financial crime investigations and ultimately an environment in which machines present human investigators with insights on the riskiest cases and recommendations on next steps, allowing humans to make smart decisions which can be easily documented and explained to regulators.
Joe Friscia, President, NICE Actimize said, "NICE Actimize's innovation in Augmented Intelligence provides a clear path for the adoption of machine learning and artificial intelligence that makes advanced analytics accessible to all financial services organizations and explainable to regulators. As we progress on our journey to Autonomous Financial Crime Management, Augmented Intelligence will help FSO's to more efficiently navigate evolving technology."
Posted by Veronica Silva Cusi, news correspondent
Source: Nice Actimize
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About NICE Systems:
NICE (NASDAQ: NICE), is a worldwide provider of intent-based solutions that capture and analyze interactions and transactions, realize intent, and extract and leverage insights to deliver impact in real time. Driven by cross-channel and multi-sensor analytics, NICE solutions enable organizations to improve business performance, increase operational efficiency, prevent financial crime, ensure compliance, and enhance safety and security. NICE serves over 25,000 organizations in the enterprise and security sectors, representing a variety of sizes and industries in more than 150 countries, and including over 80 of the Fortune 100 companies.
Published: Monday, May 14, 2018
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