What is actimize tool used for?
Actimize provides Autonomous AML transaction monitoring that combines human intelligence with machine learning technology to protect against the known and unknown hiding within the millions of transactions institutions process each day.
How do I monitor transaction monitoring?
The role of transaction monitoring systems in AML The TMS will typically use information from know your customer (KYC) processes to account for the client risk. The risk measures are then used as part of rules/scenarios to identify certain account-based activities for investigation and possible disclosure.
WHAT IS NICE Actimize tool?
NICE Actimize offers solutions that drive high quality alert generation through simple tools, including intelligent segmentation and smart peer grouping, which makes it easier and faster to tune and optimize system settings. This results in improved alert quality and reduced alert volume.
What is Actimize AML?
Actimize AML Essentials, a cloud-based offering that is built upon our proven, industry-leading, end-to-end anti-money laundering platform addresses the challenges of regional and community financial institutions. Essential AML coverage includes Transaction Monitoring, Customer Due Diligence, and Sanctions Screening.
Why did Actimize buy Fortent Risk.net?
Actimize will integrate both companies’ platforms to create the strongest available financial crime product suite for both the retail and capital markets, while continuing to invest in existing products and clients during the integration process.
Is the Fortent business part of Actimize or nice?
Under the terms of the agreement, Nice will be acquiring Fortent’s compliance and risk management business. Fortent will become part of Actimize, which continues to operate as a wholly owned subsidiary of Nice, with the Fortent team becoming an integral part of Actimize.
Is the Fortent team a part of Actimize?
Fortent will become part of Actimize, which continues to operate as a wholly owned subsidiary of Nice, with the Fortent team becoming an integral part of Actimize.
Who is Fortent and what does it do?
Fortent provides comprehensive information and technology solutions to the risk and compliance market worldwide. It serves banks, brokers, insurance companies, government agencies, businesses and compliance professionals from more than 100 countries. With advanced monitoring and detection systems that have been endorsed by the American Bankers…