News : NICE Actimize Recognized in Enterprise Fraud Management Market Impact Report
New York, June 11, 2014 -- NICE Actimize, a NICE Systems company and a provider of a financial crime, risk and compliance software platform for the financial services industry, has been recognized in the 2014 Aite Group Market Impact report, "Enterprise Fraud Management: Still Evolving After All These Years." The Aite report profiled only those enterprise fraud management (EFM) providers whose solutions included a robust alert and case management system, along with key fraud prevention modules. Aite Group is an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.
NICE Actimize, a provider of enterprise fraud solutions to global financial institutions, was one of only eight established enterprise fraud management providers included in the report. Several emerging players were also covered in the analysis.
In addition to an analysis of the EFM landscape, the report provided a vendor comparison of the breadth and depth of the solutions offered by the EFM providers across eleven fraud prevention point solutions, including most types of check fraud, debit and credit card fraud, online fraud, contact center fraud, ACH and wire fraud, ATM fraud, employee fraud and new account fraud. NICE Actimize demonstrated capabilities in nearly all of the solutions listed.
"In our study of the market, we found that a number of enterprise fraud management providers offered a full view of customers and their activity through robust case management tools that can integrate the outputs of all fraud-prevention systems including their own," said Shirley Inscoe, research analyst, Aite Group LLC and author of the report. "This ability is necessary to detect fraud effectively and reduce false positives to a manageable level. NICE Actimize provides these capabilities."
The Actimize Integrated Fraud Management suite enables institutions to protect commercial and retail customers from fraud across multiple payment channels, including mobile, contact center and online, enabling effective cross-channel, real-time fraud detection and prevention capabilities. In addition, it can ingest information from third party or in-house fraud systems providing a centralized view of the organizations' fraud ecosystem to reduce fraud losses, improve efficiency and enhance exceptional customer service.
Posted by Veronica Silva Cusi, news correspondent
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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.
Published: Thursday, June 12, 2014