NICE Actimize, a NICE business and a leader in Autonomous Financial Crime Management, announced that IDC, a global provider of market intelligence, has named NICE Actimize a Leader in the inaugural “IDC MarketScape: Worldwide Enterprise Fraud Management in Banking 2020 Vendor Assessment.
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NICE Actimize Named a Leader in the IDC MarketScape 2020 Enterprise Fraud Management Report.
Steven D’Alfonso, Research Director, IDC Financial Insights, said, “Banks should consider fraud as a strategic priority within the overall digital transformation strategy of the organization. Forward-looking banks view fraud management as an important component of managing the customer experience, leveraging fraud analytics to enhance product and service offerings. The growth of digital and mobile banking as well as expanding ecommerce and digital payments necessitates that banks can identify potential fraud in real time. In addition, they must be agile enough to quickly adapt to changing fraud threats and trends, identify suspicious activity across channels, and detect organized ring activity. Congratulations to NICE Actimize on its strong performance in this report.”
The report’s profile noted that “NICE Actimize specializes in delivering comprehensive enterprise fraud applications for the banking industry. It provides a full suite of products in its Integrated Fraud Management (IFM) platform. IFM-X is the company’s next-generation IFM platform designed to leverage automation and machine learning to streamline its bank customers’ enterprise fraud management operations.”
Summarizing NICE Actimize’s strengths in Enterprise Fraud, the IDC MarketScape Enterprise Fraud Management report cited several key areas, noting, “The NICE Actimize platform is purpose built for traditional financial services organizations and is the primary market that the company serves; however, its agility means it can also provide benefit to nonbank financial institutions. The platform is proven to work at extreme scale with high performance and reliability. AI-enabled alert and case management can provide efficiency gains across fraud operations teams.”
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