NICE Actimize Expands Business with Penson Financial Services, Inc.

Jun 08, 2010, 06:58 ET from NICE Systems Ltd.

NEW YORK, June 8, 2010 /PRNewswire-FirstCall/ -- NICE Actimize, a NICE Systems company (NASDAQ: NICE), today announced that Penson Financial Services, Inc. (PFSI) has expanded its use of Actimize's anti-money laundering (AML) technology to include Actimize Suspicious Activity Monitoring and enterprise risk case management, as well as ad hoc solutions for adding rules and logic and conducting data analysis.

"The Actimize solutions we have added will further enhance our entire AML process for reviewing, recording and analyzing every completed transaction processed in a low cost, highly efficient manner," said Mark Bell, Chief Compliance Officer, AML for PFSI, a leading securities clearing firm in the US.

"We are pleased to provide Penson with a new generation of tools to meet ever-evolving regulatory requirements," said Amir Orad, President and CEO of NICE Actimize. "Industry leaders like Penson understand the need for solutions that are not only powerful, but have the flexibility to adapt and grow with their business."

About NICE Actimize

NICE Actimize, a NICE Systems company (NASDAQ: NICE), is the world's largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry. NICE Actimize empowers its clients to prevent financial crime, mitigate risk, reduce operational costs, minimize losses and improve compliance. NICE Actimize provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions; built upon the Actimize Core Platform which has been enhanced by the company's acquisitions of Syfact and Fortent (Searchspace) analytics and technology. With offices across North America, Europe, and Asia, NICE Actimize serves more than 200 clients globally including all of the world's 10 largest financial institutions. http://www.actimize.com

About NICE Systems

NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions(TM) solutions and value-added services, powered by the convergence of advanced analytics of unstructured multimedia content and transactional data - from telephony, web, email, radio, video, and other data sources. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in more than 150 countries, including over 80 of the Fortune 100 companies. More information is available at http://www.nice.com.

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.

    Press Contact:
    Jonathan Stotts
    NICE Actimize
    +1-212-994-3865
    jonathan.stotts@actimize.com

    Investors:
    Daphna Golden
    NICE Systems Ltd.
    +1-877-245-7449
    daphna.golden@nice.com

SOURCE NICE Systems Ltd.