Published by Gbaf News
Posted on March 23, 2018
NICE Actimize’s “ACTone” improves decision making and reduces investigation time for a single alert by up to 70 percent
Autonomous is here! As financial services organizations turn to automation to improve efficiency and provide cost reductions, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, is releasing its new ActimizeACTone, an artificial intelligence-enabled investigation management system that serves as the next generation alert and case management platform for financial services organizations (FSOs). NICE Actimize’s “ACTone” reduces investigation time for a single alert by up to 70 percent and improves analyst’s decision making.
NICE Actimize’sACTone provides a unified platform to manage alerts and cases from a wide ecosystem of financial crime solutions. With this approach, any financial crime system can be transformed by applying AI-enabled robotics and automation to its ecosystem. “ACTone” refers to “one platform” for any financial crime solution. Together with NICE Actimize’s Autonomous Financial Crime Management approach, they provide the key to better resource utilization, increased accuracy and productivity, and improved return on investment.Leveraging the Autonomous Financial Crime Management (AFCM)approach and AI-driven automation, ActimizeACTone transforms financial crime investigations and compliance operations by introducing analytics and automation at every step of the financial crime detection, investigations and operations process. This powerful combination of features and technologies enables FSOs to deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and enables a complete paradigm shift in tackling financial crime investigations.
Joe Friscia, President, NICE Actimize
“This paradigm shift, as reflected in our release of the new ACTone investigation management system is another proof-point in our march towards bringing the vision of Autonomous Financial Crime Management to reality. ACTone seamlessly merges technology and data to both improve productivity and to turn raw data into actionable intelligence. In an autonomous world, instead of machines assisting humans to complete work, humans will assist the machines. With financial criminals getting smarter every day, it’s time for us to do the same. This is why we are so committed to our vision of Autonomous Financial Crime management which provides these benefits and more as we attack all aspects of financial crime.”
Shirley W. Inscoe, Senior Analyst, Aite Group
“As financial crime attempts continue to increase, financial institutions can be overwhelmed, and they cannot always increase staff to handle higher alert volumes. Using automation to gather data and perform some steps of the investigation will enable analysts to be more efficient and disposition more alerts daily without sacrificing work quality.”
Key capabilities of the new ActimizeACTone Investigation Manager also include:
ActimizeACTone Investigation Manager, based on the widest set of financial services organization real-life investigation scenarios in the market, will first be included in NICE Actimize’s Suspicious Activity Monitoring (SAM) anti-money laundering solution announced recently, as well as within its enterprise fraud and financial markets compliance solutions.
NICE Actimize’s recently-announced Autonomous Financial Crime Management approach represents a massive 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.
NICE Actimize’s “ACTone” improves decision making and reduces investigation time for a single alert by up to 70 percent
Autonomous is here! As financial services organizations turn to automation to improve efficiency and provide cost reductions, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, is releasing its new ActimizeACTone, an artificial intelligence-enabled investigation management system that serves as the next generation alert and case management platform for financial services organizations (FSOs). NICE Actimize’s “ACTone” reduces investigation time for a single alert by up to 70 percent and improves analyst’s decision making.
NICE Actimize’sACTone provides a unified platform to manage alerts and cases from a wide ecosystem of financial crime solutions. With this approach, any financial crime system can be transformed by applying AI-enabled robotics and automation to its ecosystem. “ACTone” refers to “one platform” for any financial crime solution. Together with NICE Actimize’s Autonomous Financial Crime Management approach, they provide the key to better resource utilization, increased accuracy and productivity, and improved return on investment.Leveraging the Autonomous Financial Crime Management (AFCM)approach and AI-driven automation, ActimizeACTone transforms financial crime investigations and compliance operations by introducing analytics and automation at every step of the financial crime detection, investigations and operations process. This powerful combination of features and technologies enables FSOs to deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and enables a complete paradigm shift in tackling financial crime investigations.
Joe Friscia, President, NICE Actimize
“This paradigm shift, as reflected in our release of the new ACTone investigation management system is another proof-point in our march towards bringing the vision of Autonomous Financial Crime Management to reality. ACTone seamlessly merges technology and data to both improve productivity and to turn raw data into actionable intelligence. In an autonomous world, instead of machines assisting humans to complete work, humans will assist the machines. With financial criminals getting smarter every day, it’s time for us to do the same. This is why we are so committed to our vision of Autonomous Financial Crime management which provides these benefits and more as we attack all aspects of financial crime.”
Shirley W. Inscoe, Senior Analyst, Aite Group
“As financial crime attempts continue to increase, financial institutions can be overwhelmed, and they cannot always increase staff to handle higher alert volumes. Using automation to gather data and perform some steps of the investigation will enable analysts to be more efficient and disposition more alerts daily without sacrificing work quality.”
Key capabilities of the new ActimizeACTone Investigation Manager also include:
ActimizeACTone Investigation Manager, based on the widest set of financial services organization real-life investigation scenarios in the market, will first be included in NICE Actimize’s Suspicious Activity Monitoring (SAM) anti-money laundering solution announced recently, as well as within its enterprise fraud and financial markets compliance solutions.
NICE Actimize’s recently-announced Autonomous Financial Crime Management approach represents a massive 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.
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