NICE Actimize Positioned as Highest-Scoring Vendor Across Technology Excellence Metrics in 2022 Quadrant Knowledge Solutions KYC Report

NICE Actimize, a NICE (NASDAQ: NICE) business, has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as a top performing Know Your Customer/Customer Due Diligence (KYC/CDD) Technology Leader in its recently released “SPARK Matrix: Know Your Customer (KYC) Solution, 2022” report. The Quadrant Knowledge Solutions study, which provides competitive analysis and a ranking of the leading KYC vendors in the form of its proprietary SPARK Matrix, scored NICE Actimize and its consolidated KYC/CDD solutions the highest across the performance parameters of technology excellence.

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Summarizing key strengths for NICE Actimize, the Quadrant Knowledge Solutions SPARK Matrix report noted, “The company offers a next-generation KYC/CDD solution titled CDD-X that leverages AI and ML technologies to provide accurate customer risk scoring and reduce compliance risk. CDD-X’s key KYC capabilities and functionalities include customer onboarding, data intelligence, identity resolution, customer risk screening, ultimate beneficial ownership, simulation, entity profiling and entity scoring.”

“The NICE Actimize next-generation KYC/CDD solution provides complete customer lifecycle risk coverage, including integrated data intelligence, identity resolution, extensive out-of-the-box risk models, dynamic segmentation and risk scoring, simulation, and full auditability to help organizations fully understand their customers, their customers’ connections, and any associated risks,” said Pradnya Gugale, Analyst, Quadrant Knowledge Solutions. “Once again, we recognize NICE Actimize’s extensive technology innovation and leadership in driving the adoption of advanced KYC solutions.”

Outlining one of NICE Actimize’s important CDD-X solution differentiators, the report stated, “CDD-X provides real-time entity resolution capabilities to ensure a single view of the customer by identifying and resolving duplicated entity records and entity obfuscation. This capability also uncovers hidden relationships and networks for a more comprehensive understanding of the customer and their risk. CDD-X also provides customer risk screening through full integration with Actimize’s party screening solution, WL-X. The integrated solution ensures all customers and prospects are fully screened for relevant risks directly through the CDD-X platform.”