NICE Actimize

NICE Actimize Fraud Management

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About NICE Actimize Fraud Management

Data last checked by us: November 2024


NICE Actimize's Enterprise Fraud Management (EFM) platform, branded as Integrated Fraud Management (IFM-X), is a calable solution designed to help financial institutions detect, prevent, and manage fraud across multiple channels and products. By leveraging advanced analytics, machine learning, and real-time processing capabilities, IFM-X provides organizations with a holistic and proactive approach to combating fraud.

NICE Actimize’s IFM-X platform is recognized as a leader in enterprise fraud management by analysts like Gartner and Forrester. Its flexible and modular approach makes it suitable for a wide range of use cases:

1) Retail Banking: Protecting personal accounts and consumer transactions.
2) Corporate Banking: Safeguarding business accounts and high-value payments.
3) Fintech and Digital Wallets: Preventing fraud in emerging payment methods and platforms.

Key Modules

Card Fraud Detection:
- Detects fraud in credit, debit, and prepaid card transactions.
- Supports EMV, contactless payments, and 3D Secure protocols.
- Prevents counterfeit card fraud, card-not-present (CNP) fraud, and lost/stolen card fraud.

Payments Fraud:
- Protects real-time payments, wire transfers, and ACH transactions.
- Mitigates risks associated with faster payment schemes like SEPA and FedNow.
- Includes capabilities for preventing authorized push payment (APP) fraud.

Digital Banking Fraud:
- Safeguards mobile and online banking platforms against account takeover (ATO), phishing, and malware attacks.
- Monitors login patterns, device data, and session behaviors to detect anomalies.

Insider Fraud Detection:
- Identifies suspicious activity originating from employees or contractors.
- Monitors access to sensitive systems and data for unusual behavior.

Which use-cases can NICE Actimize Fraud Management be deployed for?

About NICE Actimize

NICE Actimize is a leading provider of financial crime, risk, and compliance solutions for organisations in the financial services industry. A division of NICE, Actimize leverages analytics, artificial intelligence (AI), and machine learning to help its clients mitigate risks, detect fraud, prevent financial crimes, and ensure regulatory compliance. NICE Actimize has headquarters in Ra'anana, Israel, and offices worldwide.

NICE Actimize consistently ranks highly in 'top' lists for financial crime and fraud solutions. Currently, its key solutions cover AML, Enterprise Fraud Management, Financial Markets Compliance, Investigation and Case Management and KYC.

Founded: 1999

Example Customers: CITIC Group, Wells Fargo Bank, Citigroup, HSBC, StoneX Group, Rakuten Securities

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Vendor Awards

   

Best AI-based Solution for Customer Experience

Awarded By: AI Breakthrough Awards

Topic: AI Breakthrough Awards

Date: June 01, 2024

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Category Winner - Use of AI for Customer Service

Awarded By: Chartis

Topic: RiskTech AI 50 2024

Date: July 24, 2024

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Category Winner - Use of AI in AML and Transaction Monitoring

Awarded By: Chartis

Topic: RiskTech AI 50 2024

Date: July 24, 2024

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Category Winner - Use of AI in Financial Crime Risk

Awarded By: Chartis

Topic: RiskTech 100

Date: July 24, 2024

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Category Winner - Use of AI in communication and control

Awarded By: Chartis

Topic: RiskTech AI 50 2024

Date: July 24, 2024

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Category Winner - Case Management

Awarded By: Chartis

Topic: Financial Crime and Compliance 50

Date: March 14, 2024

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Vendor Rankings

   

Ranked - Leader

Ranked By: Forrester

Topic: Enterprise Fraud Management Solutions, Q2 2024

Date: June 05, 2024

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Financial Crime and Compliance50 2024 - Ranked 1

Ranked By: Chartis

Topic: Financial Crime and Compliance 50

Date: March 14, 2024

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RiskTech AI 50 2024 - Ranked 8

Ranked By: Chartis

Topic: RiskTech AI 50 2024

Date: July 24, 2024

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Ranked - Leader

Ranked By: IDC

Topic: Worldwide Enterprise Fraud Solutions 2024

Date: March 01, 2024

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RiskTech100 2024 - Ranked 15

Ranked By: Chartis

Topic: RiskTech 100

Date: July 24, 2024

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User Reviews

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