NEW YORK, June 11, 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 2013 Chartis RiskTech Quadrant [ TM ] for Enterprise Fraud Management Solutions for Financial Services. Chartis provides research and analysis on the global market for risk management technology.
The report, which covers the competitive landscape for enterprise fraud management solutions for financial services firms and the leading vendors offering such solutions, 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, while advances in technology are creating new threats in new channels for fraud, technology is also offering financial institutions greater ability to tackle fraud on an enterprise cross-channel level. Technology systems are now able to monitor cross-channel in real-time and can help firms detect emerging risks to aid prevention, as well as detection, of fraud threats."In today's regulatory climate, banks need to use the most powerful and flexible techniques available to demonstrate their commitment to financial crime. Therefore, firms need solutions that combine robust data management with innovative and powerful analytics," said Peyman Mestchian, Managing Partner at Chartis Research. " NICE Actimize's ongoing investment in product and service innovation has positioned it as a category leader in enterprise fraud management solutions for financial institutions." "The financial services industry is targeted by ever increasing fraud threats from creative and technologically advanced criminals. A siloed or disconnected fraud management environment cannot provide the customer-centric, enterprise-wide detection capabilities to address these challenges," said Amir Orad, President and CEO of NICE Actimize. "NICE Actimize remains committed to addressing this increasingly challenging fraud environment. We are pleased that our commitment to and deep expertise in enterprise fraud management has been recognized by Chartis."