January 7, 2013
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, announced that its Actimize Anti-Money Laundering Solutions suite was selected a "Best-in-Class" vendor across three categories in the CEB TowerGroup "2012 Anti-Money Laundering Technology Analysis" research report. NICE Actimize received its rankings based on the analyst firm's five-point rating system for each of the 23 anti-money laundering related attributes identified in its proprietary Anti-Money Laundering Systems anatomy.
"Anti-money laundering is the top area of focus for compliance executives, and leading financial institutions are developing an enterprise strategy for AML compliance," explains
, Research Director,
. "Leading banks are pursuing an enterprise approach to AML compliance, in which a single strategy is applied and enforced across all business lines and units. To do this, these banks are investing in scalable and flexible transaction monitoring systems which possess proven capabilities to integrate with a wide variety of source systems."
The three categories in which NICE Actimize received a "Best in Class" designation were: Detection Tools, Enterprise Operations and Enterprise Support. Among the attributes for which NICE Actimize received high scores in the Detection Tools category was for its AML typologies, anomaly detection and cross-channel support. In the Enterprise Operations category, NICE Actimize scored highly in false positives mitigation and systems integration. And in the Enterprise Support category, the firm received its "Best-in-Class" designation for its high scores in compliance strategy and product maturity.
In its vendor summary of NICE Actimize, the CEB TowerGroup View stated, "The Actimize AML solution received three 'Best-in-Class' ratings in our analysis, the most of any product in this report. Consistently mentioned by competitors as a top rival on major AML technology RFPs, the Actimize solution features one of the most expansive sets of analytics and scenario-based AML management tools on the market today."