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.


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:

  • Entity Insights™: Discovers visual relationships across entities, as well as connections between alerts and entities, which serves to uncover risks and reveal deeper insights.
  • Virtual Workforce: Eliminates manual data gathering and significantly reduces operational costs and errors with easy-to-configure robotics process automation.
  • Entity Risk: Assigns a dynamic risk score to every entity using machine learning to help analysts better prioritize their efforts and make faster decisions.
  • Activity Center: Provides immediate notifications on changes to any case or work item, whether that action is taken by other analysts or robots, enabling unmatched collaboration.
  • Visual Storytelling and Modern User Experience: Offers intuitive navigation with maximized real-estate utilization and graphical data representations which provide instant insights.

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.