Hoboken, N.J., March 21, 2022 –
NICE Actimize, a NICE
(NASDAQ: NICE) business, today announced the launch of its advanced, X-Sight Entity Risk SaaS solution, an innovative solution that produces
a single risk score that enables a financial institution to gain a greater understanding of their clients across the organization. Powered by artificial intelligence, machine learning, entity resolution, and network analytics, X-Sight Entity Risk enhances
the efficacy of advanced anti-money laundering, enterprise fraud prevention, and other financial services applications.
NICE Actimize’s X-Sight Entity Risk solution delivers data intelligence from
a variety of data sources to ensure an entity profile is always accurate and analyzes entity networks and behaviors to provide a single entity trust score which informs detection and prevention systems to
power their analytic precision. In addition, the continuous learnings from prevention, detection, and investigation outcomes further enrich the profile and score, thus ringing in the era of connected intelligence — a game-changer in the fight against fraud
and financial crime.
Offering a powerful blend of AI, machine learning, and automation, the solution reveals hidden risks and provides a fully transparent view of entities
across the entire organization. This allows firms to shift from reactive to proactive risk management while growing their business.
“Financial services organizations are placing greater emphasis on expanding a risk-based approach to fighting financial crime,” said
Craig Costigan, CEO, NICE Actimize. “Serving this need with pioneering technology, the breakthrough, AI-powered X-Sight Entity Risk solution provides an unparalleled ability to access true and transparent business intelligence around customers and entities.”
Connecting the dots across a financial institution, X-Sight Entity Risk works with other NICE Actimize solutions and is agnostic with other third-party solutions.
Adaptive and agile, X-Sight Entity Risk enhances end-to-end enterprise fraud solutions’ effectiveness while enriching entity-centric AML capabilities. In addition, since the cloud powers it,
X-Sight Entity Risk provides the ability to run analytics exceptionally fast, therefore offering faster access to risk scoring data while
delivering efficiency gains.
Please visit our website here for further information on NICE Actimize’s
X-Sight Entity Risk.
About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk, and compliance solutions for regional and global financial institutions and
government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers’ and investors’ assets by identifying financial crime, preventing fraud, and providing
regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer
due diligence, and insider trading. Find us at www.niceactimize.com,
@NICE_Actimize or Nasdaq:
With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting
key business metrics. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. Over 25,000 organizations in more than
150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform – and elevate – every customer interaction.