NICE Actimize Recognized by Frost & Sullivan With 2018 Technology Leadership Award for Enterprise Fraud Management

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management has announced that it is the recipient of the Frost & Sullivan 2018 Technology Leadership Award for Enterprise Fraud Management (EFM) in North America. Frost & Sullivan analysts awarded NICE Actimize the highest score in its category. For the Technology Leadership Award, Frost & Sullivan analysts independently evaluated two key factors — technology leverage and business impact — across ten benchmarking criteria.

According to Frost & Sullivan’s analysis of NICE Actimize, the company’s ability to protect against a broad range of fraud is a clear differentiator. The report noted that, “The company is a pioneer in EFM and has been securing real-time payments for over a decade. In the United States, NICE Actimize is working with Tier I financial services organizations (FSOs) to support ACH payments. It is also the trusted partner for fraud prevention for FSOs that are part of the Zelle network and banks that are currently working with The Clearing House. Adoption of NICE Actimize’s solutions by the leading FSOs to support next-generation payment scenarios underscores the effectiveness of its implementations.”

“By allowing customers to handle all aspects of fraud management, including detection, investigation, remediation, and reporting, NICE Actimize delivers improved results at lower costs,” said Vikrant Gandhi, Industry Director at Frost & Sullivan. “With its strong overall performance, NICE Actimize has earned the 2018 Frost & Sullivan Technology Leadership Award for Enterprise Fraud Management.”

According to Frost & Sullivan, “While newer market entrants that rely extensively on AI-based analytics are aggressively targeting the EFM market, the expertise garnered from years of fraud management work, combined with the expert features and predictive variables collected over a period of time, enables NICE Actimize to deliver improved fraud detection rates for FSO customers.” Additionally, the report said, “NICE Actimize’s recently introduced Autonomous Financial Crime capabilities, which incorporate AI and robotic automation into NICE Actimize solutions, allow increased detection, reduced noise, and industry-leading automation of many previously manual routine tasks.”