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TMCNet:  Nice Actimize Recognized in Analyst Firm's 2012 Enterprise Fraud Management Report

[January 28, 2013]

Nice Actimize Recognized in Analyst Firm's 2012 Enterprise Fraud Management Report

Jan 28, 2013 (Close-Up Media via COMTEX) -- Nice Actimize, a Nice Systems company and a broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, announced that its Actimize Integrated Fraud Management Suite was selected a "Best-in-Class" vendor across three categories in the CEB TowerGroup "2012 Enterprise Fraud Management Technology Analysis" research report.


According to a release, Nice Actimize received its rankings based on the five-point rating system for each of the 22 fraud-related attributes identified in the report's proprietary Enterprise Fraud Systems anatomy.

"Leading banks are transforming fraud management into an area of competitive advantage," said CEB TowerGroup research director Jason Malo."With the efficiency gains made through a deeper analytic focus, coupled with service improvements to streamline team efforts and communication, financial institutions of all sizes will have the ability to improve their fraud management." The three categories in which Nice Actimize received a "Best in Class" designation were: fraud detection, workflow management and business process improvement. In the fraud detection category, Nice Actimize was cited due to its strengths in behavioral analysis, cross-channel support, business rules, external data integration and risk scoring. In the workflow management category, alerts and case management, user interface, routing and prioritization, and permissions and security attributes were cited as key strengths. Last, in the business process improvement category, false positive mitigation, business intelligence, customer profiling and pattern recognition features were cited as strengths.

"We are proud that CEB TowerGroup's research team has positioned Nice Actimize as a "best-in-class" vendor," said Amir Orad, president and chief executive officer of Nice Actimize. "We see this as testimony that our innovative approach to enterprise fraud, along with our breadth and depth of functionality and vision for the future, effectively assists our clients in addressing evolving challenges in fraud detection, workflow management and operational efficiency." More information: www.nice.com/actimize ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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