Jun.17, 2010

NICE Actimize awarded top-3 placements for all three of its core areas of business - 'Anti-Fraud Software', 'Anti-Money Laundering' and 'Compliance Monitoring & Control'

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.