How does NICE Actimize Fraud Management compare to Enterprise Real Time?

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.

Enterprise Real Time by Alertspeed.ai is a robust, real-time financial crime and fraud detection platform for large-scale financial institutions. This solution leverages the company's patented AI and machine learning technologies to provide instant risk assessments and transaction monitoring across various financial crime typologies. Enterprise Real Time supports entity-based intelligence, enabling organizations to monitor parties, accounts, and networks with unparalleled accuracy. It is designed for high-volume environments, ensuring compliance with global regulations while maintaining operational efficiency. This platform is particularly suited for tackling complex fraud schemes such as authorized push payment (APP) fraud, synthetic identities, and cross-border money laundering.

Key Features include:
- High-speed transaction monitoring with sub-second analysis.
- AI-driven risk scoring for fraud detection and AML compliance.
- Integration with multiple typologies, including sanctions and KYC processes.
- Scalable architecture to handle billions of transactions annually.

• 🏆 Ranked - Leader by Forrester (2024)
• 🏆 Best AI-based Solution for Customer Experience by AI Breakthrough Awards (2024)
• 🏆 Category Winner - Use of AI for Customer Service by Chartis (2024)
• 🏆 Category Winner - Use of AI in AML and Transaction Monitoring by Chartis (2024)
• 🏆 Category Winner - Use of AI in Financial Crime Risk by Chartis (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 1 by Chartis (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 8 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 Category Winner - Use of AI in communication and control by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 15 by Chartis (2024)
• 🏆 Category Winner - Case Management by Chartis (2024)

• 🏆 One to watch by Chartis (2024)

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.

AlertSpeed.ai is a financial technology company specializing in real-time financial crime and compliance solutions. Founded by experts with backgrounds in government security and law enforcement, the company leverages advanced artificial intelligence (AI) and machine learning (ML) techniques to detect and prevent financial crimes such as fraud, money laundering, and sanctions evasion.

Mission and Vision

AlertSpeed.ai is dedicated to reducing the impact of financial crime on individuals and communities. By applying innovative techniques initially developed for national security and law enforcement, the company aims to revolutionize fraud prevention and screening for financial institutions.

Products and Services

AlertSpeed.ai offers a range of solutions tailored to various financial crime typologies:

- Enterprise Real-Time Solutions: Provides advanced transaction monitoring for fraud and Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT) with real-time analysis of parties, accounts, and transactions.

- Watchlist Screening SaaS: Offers accurate customer screening against various data sets, available as a cloud-based service suitable for smaller organizations.

- Transaction Screening SaaS: Delivers powerful rules and pre-trained ML models for real-time fraud detection, designed for seamless integration and high security.

Recognition and Awards

AlertSpeed.ai has been recognized as a Global Fintech RegTech 100 company. The company has received accolades such as the 2024 FCC50 awards from Chartis and a 5-star rating for real-time capabilities in the 2024 Name Screening RiskQuadrant.