Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

CrèditAndorrà Financial Group Selects NICE Actimize to Strengthen its Global Anti-Money Laundering Solutions Strategy

Relying on NICE Actimize’s depth of global AML experience, CrèditAndorrà is working to protect its network of institutions from reputational risk

Facing the complexities of global regulations, CrèditAndorrà Financial Group has selected NICE Actimize, a NICE (Nasdaq:NICE) business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy. CrèditAndorrà Financial Group, the benchmark bank in Andorra, will integrate a suite of NICE Actimize anti-money laundering solutions into its financial crime operations in order to more effectively address the world’s anti-money laundering regulations. CrèditAndorrà’s holdings include financial institutions in Luxembourg, Panama and Spain, as well as a United States-based broker-dealer.

Christophe Canler, Chief Risk & Compliance Office
r, CrèditAndorràAmong NICE Actimize’s competitive AML offerings, CrèditAndorrà chose its Suspicious Activity Monitoring, Customer Due Diligence and Watchlist Filtering solutions because of NICE Actimize’s deep industry experience, strong vision, and continued investment and commitment to AML technologies, including intelligent automation and machine learning capabilities. NICE Actimize’s functionality for CDD supports the complete lifecycle assessment and re-assessment of customer risk as part of Know Your Customer (KYC) regulatory requirements including complex beneficial ownership structures.

“Maintaining our reputation as a benchmark bank is important to CrèditAndorrà, and with the recent pressure to comply with EU and US regulations and other global requirements around money laundering, we knew we had to work with an industry leader to address the demands of our institutions located in a range of countries. Andorra attracts investors from around the world, making it all the more critical to have a sophisticated framework that evaluates customer onboarding and monitors transactions effectively. We identified NICE Actimize as the provider with the most effective solutions across all key areas of anti-money laundering, offering us a solid roadmap that will help our institutions grow and adapt with future market fluctuations.”

Joe Friscia, President, NICE Actimize “NICE Actimize is pleased to bring the strength of our anti-money laundering portfolio and our robust product roadmap to the network of financial services organizations under Credit Andorra’s management,” said Joe Friscia, President, NICE Actimize. “As regulators tighten rules around customer onboarding and criminal entities work harder, NICE Actimize is committed to advancing its anti-money laundering solutions. Leveraging our experience in advanced analytics and transaction monitoring solutions, our objective is to leverage intelligence and automation to reduce human effort and error, meeting regulators’ requirements to detect and report sophisticated crime schemes.”

By addressing such complexities as changing criminal abuses of the financial system, regulatory requirements, high personnel costs, and dramatic shifts in technology, NICE Actimize’s recently-announced Autonomous Financial Crime Management approach represents a shift in unifying and mitigating risk through targeted utilization of big data, advanced analytics everywhere, artificial intelligence and robotic process automation which in concert reduce reputational risk and handle these issues more effectively.

For further information on NICE Actimize’s integrated anti-money laundering solutions, please click here.