NiCE (NASDAQ: NICE) says that Aberdeen Group, a UK-based global investment management firm headquartered in Edinburgh, has selected NiCE Actimize’s X-Sight Suspicious Activity Monitoring (SAM) and Watch List Screening solutions as part of its financial crime operations.
These are part of NiCE Actimize’s advanced “portfolio of anti-money laundering (AML) solutions which address financial services institutions’ (FIs) most pressing challenges.”
NiCE Actimize’s SAM is said to employ “sophisticated machine learning and graph-based analytics to uncover patterns of illicit behaviors and suspicious transactions.”
The system aims to highlight and identify “high-risk customers and counterparties quickly and with precision.”
The company reports that over 1,000 organizations in more than 70 countries use NiCE Actimize to protect their institutions.