NEW YORK, June 16 /PRNewswire-FirstCall/ -- NICE Actimize, a NICE Systems (Nasdaq: NICE) company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced that it has been ranked as the number one Anti-Money Laundering (AML) solution provider in Operational Risk & Regulation's Compliance Software Rankings 2010. NICE Actimize also achieved the 2nd place position for Compliance Monitoring & Control and 3rd place in the Anti-Fraud Software category.
"When the regulatory environment gets tougher for financial institutions, demand for compliance software increases...In the anti-money laundering (AML) category – this year won by financial crime risk firm [NICE] Actimize, which has a large market share of the transaction monitoring market – trends driven by the financial criminals are bringing in investment firms and asset manager clients," reports David Benyon, staff writer at Operational Risk & Regulation. "Efforts to cut down the number of systems in place have sought to combine anti-fraud and AML systems together. This has meant efficiency and brought benefits in profiling and prevention."
NICE Actimize provides an integrated suite of financial crime and compliance solutions to manage regulatory compliance, as well as fraud and money-laundering threats across all types of financial services businesses. NICE Actimize's packaged solutions have been proven effective across global and regional banking, securities, insurance firms and regulators. The company's strategy is to offer standalone, best-of-breed solutions that can be easily combined into a larger enterprise financial crime and compliance framework. All solutions share a common technology platform, which offers cost and performance benefits when compared to integrating disparate systems.
"We are extremely pleased to have been recognised by the readers of Operational Risk & Regulation as providing highly respected products in the various financial crime verticals – fraud, AML and compliance," said Amir Orad, CEO of NICE Actimize. "With top-3 placements for each of our core areas of business, these rankings are evidence of the accelerating market acceptance of NICE Actimize and a clear testimonial to our achievement and progress in the past year."
Operational Risk & Regulation magazine's ranking methodology
Rankings were compiled from a survey conducted over four weeks in April. The survey was sent to readers of Operational Risk & Regulation from around the world and was also promoted through www.risk.net. Respondents were asked to rank their top five companies across eight categories. The results were compiled by Incisive Research, a subsidiary of Incisive Media.
For more information, please visit:
About NICE Actimize
NICE Actimize, a NICE Systems (Nasdaq: NICE) company, 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. The company 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. www.actimize.com.
About NICE Systems
NICE Systems (Nasdaq: NICE) is the leading provider of Insight from Interactions™ 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.
Trademark Note: 360 degrees View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Messer Orad, are based on the current expectations of the management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company's customer base (particularly financial services firms) and the resulting uncertainties; 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. 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, including the Company's Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
SOURCE NICE Systems