Actimize, a NICE Company, Receives Multimillion-Dollar Order for Enterprise Fraud Solution from a Top-Five UK Retail Bank
Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (NASDAQ:NICE) company, today announced that it has received a multimillion-dollar order for an enterprise fraud solution from a top-five UK retail bank. This order came in from an existing Actimize customer that will expand its fraud prevention capabilities across additional business units and transaction types. The Actimize solution will be used to monitor millions of financial transactions and activities on a daily basis.
The Actimize solution was chosen for its proven ability to reduce fraud losses by orders of magnitude, increase investigators’ productivity and protect the institution’s reputation. This client sees clear value in taking proactive steps to further protect bank assets from both internal and external threats.
“We are proud to offer our clients a proven solution that can help to reduce fraud losses and meet ever changing regulatory requirements,” said David Sosna, Chief Executive Officer of Actimize. “Our products offer a clear return on investment and are considered by many institutions as mandatory applications and not an optional piece of technology.”
One of the key benefits of the Actimize anti-fraud solution suite is that Actimize offers multiple anti-fraud solutions on a single platform, with a common set of tools and applications that leverage information and data across multiple banking channels. The Actimize Enterprise anti-fraud solution suite includes electronic payment, remote banking, ATM and debit fraud, deposit fraud and employee/insider fraud solutions.
Actimize cross channel fraud prevention capabilities enable the sharing of data, alerts, cases, and risk analysis from multiple channels and varied transactional sources, including payment, deposit, employee, remote banking, ATM/POS and others. These capabilities provide greater visibility and correlation of suspicious activity across different lines of business allowing fraud investigators to focus investigations on real threats, sometimes undetectable when monitoring a single line of business.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.