NEW YORK, May 2, 2013 /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, announced today that the company was positioned as a Category Leader in the Chartis RiskTech Quadrant [ TM ] for Anti-Money Laundering Solutions. Additionally, its suite of Anti-Money Laundering solutions received the highest position in terms of "completeness of offering" within the global vendor landscape. Chartis provides research and analysis on the global market for risk management technology.
The report, which covers the competitive market landscape of AML vendors and technologies, uses Chartis's proprietary RiskTech Quadrant™ to explain the structure of the market. The RiskTech Quadrant™ uses a comprehensive methodology of in-depth independent research and a scoring system to explain which technology solutions meet an organization's needs.According to the Chartis report, there is a significant long-term trend towards increased AML regulations and stricter supervision. Chartis notes that financial institutions need to be able to cope with more screening, a higher volume of watch-list names, and stricter regulation. "In updating their AML systems, financial institutions are looking to take advantage of recent innovations, such as more advanced analytics and real-time technologies," said Peyman Mestchian, Managing Partner at Chartis Research. " NICE Actimize's ongoing investment in product and service innovation has positioned it a leader in AML solutions." "The anti-money laundering regulatory environment has evolved dramatically in the past few years. We are seeing unprecedented requirements and penalties worldwide," said Amir Orad, president and CEO of NICE Actimize. "NICE Actimize remains committed to ongoing investments that will enable firms to address the increasingly challenging regulatory landscape. We are honored that our commitment, global leadership and deep expertise has once again been recognized by Chartis."