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TheStreet Open House

NICE Actimize Solutions Selected By Hancock Bank To Provide Financial Crime Protection

Stocks in this article: HBHC NICE

NEW YORK, October 3, 2011 /PRNewswire/ --

Growing Regional Bank Standardizes on NICE Actimize's Fraud and Anti-money Laundering Solutions to 'Future Proof' its Technology Roadmap

NICE Actimize, a NICE Systems (NASDAQ: NICE) company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, announced that the Gulf Coast's Hancock Bank is implementing NICE Actimize's anti-money laundering, fraud prevention and enterprise risk case management solutions. The bank decided upon a single-vendor selection to "future proof" its technology roadmap during a period of rapid growth for the bank.

Hancock Bank's deployment of NICE Actimize's solutions will address online ACH (Automated Clearing House) and wire fraud issues, working to stop losses before they occur. The firm's anti-money laundering solutions will also support customer onboarding and provide sanctions screening and suspicious activity monitoring for the bank. A cross-channel approach to fighting financial crime is becoming increasingly more common for mid-tier financial institutions as they move toward developing consolidated financial crime strategies to decrease costs and improve effectiveness.

"It was key for us to select a vendor who would enable us to future proof our technology roadmap," said Jeff Theiler, Senior Risk Officer, Hancock Bank. "We are confident in NICE Actimize's demonstrated market leadership and proven ability to implement its solutions quickly and effectively to address our immediate needs, which include the operational integration of our recent Whitney acquisition, as well as support our anticipated rapid growth. These factors were critical in our decision to standardize on NICE Actimize's financial crime platform and solutions."

"NICE Actimize is very familiar with the unique fraud and money laundering challenges that mid-sized financial institutions face," said Amir Orad, President and CEO of NICE Actimize. "More than a decade of experience with well-established and growing banks allows NICE Actimize to effectively provide the breadth and depth of expertise and scalability Hancock Bank will need as it continues to expand its footprint."

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