This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NICE Actimize Solutions Implemented By MetaBank To Support Financial Crime Risk Strategy By Providing A 360-Degree View Of Enterprise Risk

NEW YORK, October 17, 2012 /PRNewswire/ --

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, is implementing its solutions at Iowa-based MetaBank (NASDAQ: CASH) to support the company's financial crime risk strategy for MetaBank and Meta Payment Systems, its electronic payments division.

MetaBank will utilize the Actimize Enterprise Risk Case Manager platform to provide a 360-degree view of enterprise risk across its business lines, to ensure compliance with the Bank Secrecy and US Patriot Act requirements and to reduce its operational expenses. Actimize's Suspicious Activity Monitoring and Customer Due Diligence (CDD) Anti-Money Laundering solutions will support Metabank's efforts to protect consumers and set the stage for tighter pre-paid industry crime prevention standards.  

According to Debra Geister, Senior Vice President, AML/Bank Secrecy Act (BSA) at MetaBank, the institution will leverage the Actimize single platform approach and will add additional Actimize fraud solutions later this year to complete the organization's enterprise view of financial crime risk. The NICE Actimize solutions provide MetaBank with flexibility and the ability to detect suspicious patterns of activity across organizational silos as well as reduce operational expenses and risk by scaling to support the increasing demands inherent when processing millions of transactions per day.

"As a large, diverse organization, we realized the importance of implementing a comprehensive risk platform to support MetaBank's future growth and evolving requirements." said Geister. "The company's investment to manage financial crime risk is setting the stage to better protect consumers, to detect suspicious activity and to proactively identify fraudulent usage trends in the prepaid industry."

"Creating a 360-degree view of the organization and of the customer, along with establishing consistency in monitoring suspicious activities, provide powerful benefits to a bank," said Amir Orad, President and CEO of NICE Actimize. "In addition, regulators are reviewing consistency in compliance implementation at banks. Our experience helping financial institutions develop and execute comprehensive and unique financial crime strategies allows us to assist MetaBank in addressing these challenges, while simultaneously providing a solid foundation that supports their future challenges and operational requirements."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs