Regtech NICE Actimize Uncovers Financial Crime with Analytics in AI-Powered ActOne Case Management

Inadequate enterprise case management results in investigator frustration and operational inefficiency.

Taking on these challenges, NICE Actimize, a NICE (NASDAQ: NICE) business, launched its ActOne10 Case Management solution “to provide financial institutions with the speed, agility, intelligence, and connectivity to lead the way in fighting financial crime.”

ActOne10 is described as “the next generation of NICE Actimize’s award-winning case manager that is trusted by leading global financial institutions and which supports over 300,000 analysts and investigators daily.”

NICE Actimize’s AI-powered ActOne10 “delivers dynamic workflow management, risk insights, and network analytics, all within a unified platform for solving complex financial crime by automating manual and repetitive steps, visualizing deeper insights, and proactively exposing associated risk.” ActOne10 allows financial institutions “to operate at the speed of risk while enhancing operational efficiency.”

Craig Costigan, CEO of NICE Actimize, said:

“Financial institutions require a powerful combination of intelligence, visualization, and automation to enable analysts and investigators to reduce investigation time, manage workflows, and enable smarter decisions. Our market leading alert and case management solution meets the challenges of today and tomorrow, providing the heart and intelligence for financial crime-fighting units.”

NICE Actimize’s ActOne10 Case Management solution “uncovers networked crime with cutting-edge network analytics to detect and explore complex use cases like money mule rings, nested correspondent banking, and many more.”

Among its key features are:

  • Advanced Network Analytics. Visually exploring network connections, NICE Actimize’s ActOne10 Case Management finds non-obvious connections between entities and ascertains inferred risk within the network.
  • Actionable Risk Insights. Reducing research time by delivering intelligence during investigations, ActOne10 removes the obstacles of integrating and maintaining data connectivity to insights from the ecosystem and automatically notifies analysts.
  • Dynamic Workflow. Providing dynamic, data-driven, risk-calibrated workflow to speed decisioning and improve efficiency while providing complete transparency and full audit.

As noted in the update, NICE Actimize claims it is “the largest and broadest provider of financial crime, risk, and compliance solutions for regional and global financial institutions and government regulators.”

Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology “to protect institutions and safeguard consumers’ and investors’ assets by identifying financial crime, preventing fraud, and providing regulatory compliance.”

The company “provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence, and insider trading.”

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