NICE Actimize Positioned As the Overall Technology Leader in 2019 Quadrant Knowledge Enterprise Fraud Management Report

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as the overall Technology leader in its recently released “Market Outlook: Enterprise Fraud Management, 2019-2024, Worldwide” report (April 2019). The Quadrant Knowledge Solutions study, which provides competitive analysis and a ranking of the leading enterprise fraud management vendors in the form of its proprietary SPARK Matrix, scored NICE Actimize highest across technology excellence and customer impact and positioned it as “the clear 2019 technology leader in the global enterprise fraud management market.”

The Quadrant Knowledge Market Outlook report cited key areas of strength for NICE Actimize, noting that, “NICE Actimize’s comprehensive experience and domain expertise in payment and fraud management is well recognized for providing a real-time fraud detection and management solution for a variety of fraud use cases.” Additionally, the report said, “NICE Actimize with recent technology enhancements is well positioned to provide an end-to-end integrated fraud management solution with easy and scalable data integration, augmented intelligence, open architecture, agile advanced analytics, and cloud-native PaaS platform services.”

“We appreciate the extensive research into the global enterprise fraud marketplace conducted by Quadrant Knowledge Solutions, and we thank them for identifying NICE Actimize as the industry leader in technology and innovation,” said Craig Costigan, CEO, NICE Actimize. “We have had a strong year in enterprise fraud innovation, highlighted by the introduction of our IFM-X integrated fraud management platform that leverages automation and machine learning to optimize effectiveness while reducing the total cost of implementing and operating an enterprise fraud risk management system. We are pleased to have these advancements acknowledged in this analysis.”

According to the Quadrant Knowledge report, “The Enterprise Fraud Management market is expected to increase significantly in the next five to six years from the market size of $883.3 million in 2018 to over $5.65 billion by 2024. The global market is expected to grow at a compound annual growth rate (CAGR) of 36.2% from 2019-2024.”

Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot of key market participants and a visual representation of their positioning, along with strategic insights on how each vendor participant ranks related to their competitors along several axis representing a range of performance parameters coinciding with technology excellence and customer impact. These coordinates are then used to create the final SPARK Matrix.