The SPARK Matrix™ shows NICE Actimize as the
highest-scoring vendor across Technology Excellence and Customer
Impact metrics
NICE Actimize, a NICE (Nasdaq: NICE) business and the
leader in Autonomous Financial Crime Management, has been ranked by
global advisory and consulting firm Quadrant Knowledge Solutions as
the overall global Technology Leader in its recently released
report titled “SPARK Matrix™: Enterprise Fraud Management (EFM),
2020”. The Quadrant Knowledge Solutions research report, which
provided competitive analysis and a ranking of 13 enterprise fraud
management vendors in the form of its proprietary SPARK Matrix,
scored NICE Actimize highest across Technology Excellence and
Customer Impact performance metrics.
The Quadrant Knowledge EFM report, positioning NICE Actimize as
the “clear leader in the 2020 SPARK Matrix of the enterprise fraud
management market” cited numerous strengths, noting, “NICE Actimize
offers robust data integration and real-time fraud detection,
advanced AI/ML capabilities, model governance, performance and
scalability. The company continues to make investments with a
strategy and vision to offer autonomous fraud management
solutions.”
The report also stated, “Their industry-leading integrated fraud
management platform, IFM-X, provides a cross-channel/cross-payment,
end-to-end fraud management hub. The platform offers robust data
management, advanced analytic engines, and strategy and
investigation management capabilities. With IFM-X, data ingestion
is simplified, analytics are agile, and financial services
organizations' fraud operations teams are able to work smarter,
rather than harder.”
“The growing complexity of fraud attacks, particularly in a year
impacted by the COVID-19 pandemic, requires increasing
sophistication in enterprise fraud management,” said Craig
Costigan, CEO, NICE Actimize. “IFM-X, our robust enterprise
fraud management platform which provides real-time fraud detection,
minimizes losses, and improves customer experience, has driven our
market success. We continue to make significant investments in
machine learning, data management, and advanced analytics that
further enhance our fraud management platform.”
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot
of key market participants and a visual representation of their
positioning, along with strategic insights on how each vendor ranks
related to their competitors along several axes representing a
range of performance parameters coinciding with technology
excellence and customer impact. These coordinates are then used to
create the final SPARK Matrix.
To download a complimentary copy of the Quadrant Knowledge
“SPARK Matrix™: Enterprise Fraud Management (EFM), 2020”, click
here.
For additional information:
- For more on NICE Actimize's IFM-X Platform, please click
here.
- To review an IFM-X YouTube video, please click here.
About Quadrant Knowledge Solutions Quadrant Knowledge
Solutions is a global advisory and consulting firm focused on
helping clients in achieving business transformation goals with
Strategic Business and Growth advisory services. At Quadrant
Knowledge Solutions, our vision is to become an integral part of
our client’s business as a strategic knowledge partner. Our
research and consulting deliverable is designed to provide
comprehensive information and strategic insights for helping
clients formulate growth strategies to survive and thrive in
ever-changing business environments.
About NICE Actimize NICE Actimize is the largest and
broadest provider of financial crime, risk and compliance solutions
for regional and global financial institutions, as well as
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. Find us at
www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.
About NICE NICE (Nasdaq: NICE) is the world's leading
provider of both cloud and on-premises enterprise software
solutions that empower organizations to make smarter decisions
based on advanced analytics of structured and unstructured data.
NICE helps organizations of all sizes deliver better customer
service, ensure compliance, combat fraud and safeguard citizens.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, are using NICE solutions.
www.nice.com
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks
of their respective owners. For a full list of NICE’s marks, please
see: www.nice.com/nice-trademarks.
Forward-Looking Statement 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 Mr. Costigan are based on
the current beliefs, expectations and assumptions of the management
of NICE Ltd. (the “Company”). In some cases, such forward-looking
statements can be identified by terms such as “believe,” “expect,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“plan,” “estimate,” or similar words. Forward-looking statements
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 changes in economic and business conditions,
including as a result of the COVID-19 pandemic; competition;
successful execution of the Company’s growth strategy; success and
growth of the Company’s cloud Software-as-a-Service business;
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; an
inability to maintain certain marketing and distribution
arrangements; the Company’s dependency on third-party cloud
computing platform providers, hosting facilities and service
partners;, cyber security attacks or other security breaches
against the Company; the effect of newly enacted or modified laws,
regulation or standards on the Company and our products and various
other factors and uncertainties discussed in our filings with the
U.S. Securities and Exchange Commission (the “SEC”). 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 SEC, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200630005389/en/
Press Contact: Cindy Morgan-Olson, +1-646-408-5896 NICE
Actimize cindy.morgan-olson@niceactimize.com
Investors: Marty Cohen, +1-212-574-3635, ir@nice.com
Yisca Erez, +972-9-775-3798, NICE Ltd., ir@nice.com
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