NICE SYSTEMS Fraud Detection Software
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Summary
NICE Actimize’s FDP portfolio, which includes AML, FDP financial markets compliance, and Enterprise Risk Case Management (ERCM), protects organizations from fraudulent activities.Through its AML solution suite, the company offers Suspicious Activity Monitoring (SAM), Customer Due Diligence (CDD), Foreign Account Tax Compliance Act (FATCA), Watch List Filtering (WLF), and CTR Processing and Automation.
- SAM helps users to detect and report any kind of suspicious activity related to fraudulent activities. NICE Actimize provides fraud prevention solutions with features such as card fraud, remote banking fraud, commercial banking fraud, employee fraud, deposit account fraud, and authentication-IQ.
- Fraudulent activities related to ATM, Personal Identification Number (PIN), and signature Point-Of-Sale (POS) are detected by its card fraud solution.
- The company’s employee fraud solution monitors fraudulent activities related to employee activity and breach of any enterprise corporate policies. ActimizeWatch is a fraud analytics optimization solution that helps various organizations to identify frauds occurring in their surrounding companies and make provisions to protect themselves from such fraudulent activities.
- The company also offers fraud consulting and services by providing extended support to its clients. This helps organizations to enhance their fraud prevention environment, minimize fraud losses, and enhance customer experience. The company offers guidance to financial institutions from experts, and various insights and knowledge related to fraud management.
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Buyer
rezaei's requirement
19/04/2022
"Hi, I am a student at university of Tehran. I am study on fraud detection and need your software pricing, Thank you"
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NICE-SYSTEMS LTD Reviews
Buyer, North America Mid Market Company
Jan 15, 2023
: Overall Innovation - 4/5
NICE-SYSTEMS LTD. has certainly innovated on many fronts when it comes to fraud prevention. The real-time risk assessment feature and the integration capabilities, to name a few, have really pushed the envelope. However, I find they are starting to fall behind in terms of utilizing next generation technologies such as machine learning and AI. It would be nice to see them adopt these technologies to ensure the system is staying ahead of the competition.
8. Review: Customer service - 3/5
One of the main drawbacks I have come to find with NICE-SYSTEMS LTD. is their customer service. Dont get me wrong, the customer service team is friendly and helpful, but response times can sometimes be painfully slow. Ive called in several times and waited on the line for prolonged periods before finally getting an answer. Additionally, the websites FAQ wasnt able to answer my more complex questions.
9. Review: Supporting futuristic use cases - 4/5
NICE-SYSTEMS LTD. is a great system for supporting the use cases of the future. The system has the ability to interface with multiple data sources and provide customers with real-time fraud risk assessments with minimal effort. Additionally, the system is capable of utilizing machine learning and AI, which is becoming more and more important in the field of fraud prevention. However, some of the features can be a bit limited in scope.
10. Review: Use of Next-Generation Technologies - 4/5
NICE-SYSTEMS LTD. has incorporated several next-generation technologies into their fraud prevention system. These include natural language processing, machine learning, and AI, among many others. The system is also incredibly flexible, and customers are able to tailor the system to their specific needs. Additionally, the system is also GDPR compliant and offers privacy-focussed data security.
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NICE-SYSTEMS LTD Presence in
Fraud Detection Software
NICE is an established software and services provider for FDP solutions, with a global presence across various verticals. The company focuses on strengthening its expertise in the FDP market through organic as well as inorganic strategic growth initiatives. The company has made acquisitions and strategic partnerships to expand and diversify its portfolio of FDP solutions and services. For instance, in July 2016, NICE Actimize signed an agreement with Tableau Software to provide its customers with a visual analytics solution named Actimize Visual Analytics. This solution provides BI to combat financial crime and fraud. The company invests a huge part of its revenue into R&D for new product development. For instance, in 2016, the company invested USD 152.0 million. The company sells and provides support for its solutions to customers through direct and indirect sales channels which comprise service providers, distributors, system integrators, consulting firms, and value-added resellers. The company has entered into strategic alliances with Accenture, Cisco, IBM, TCS, Verizon, Cognizant, and Infosys.
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