NICE Actimize, a major provider of financial crime and compliance solutions, offers ‘ActOne10,’ a case management tool to enable financial institutions detect and prevent complex financial crimes like money-mule networks and nested correspondent banking.

NICE Actimize, a provider of financial crime, risk, and compliance solutions, has introduced its new case management ‘ActOne10’ solution with the goal of assisting financial institutions in identifying complex criminality, such as money-mule networks and nested correspondent banking.

To stop bad corporate case management from leading to frustrated investigators and ineffective operations, Nice Actimize developed the solution. For the purpose of combating sophisticated financial crime, the AI-powered ActOne10 solution provides dynamic workflow management, risk insights, and network analytics within a single platform.

Financial institutions, banks, and enterprises must monitor more transactions, increasing compliance costs and complexity. Since the world has continued to move toward a cashless society, financial institutions must prioritize efficiency above all else.

The technology can recognize and resolve complex financial crimes by automating manual and repetitive tasks, visualizing deeper insights, and proactively revealing associated dangers. ActOne10 enables financial institutions to increase operational efficiency while operating at the pace of risk.

Nice According to Actimize, the new solution contains a number of essential components that can be used to spot networked financial fraud. ActOne10’s network analysis skills allow it to identify inferred danger within the network and discover hidden relationships between entities.

Actionable risk insights provided by the solution speed up research by providing information during inquiries. Additionally, it eliminates the challenges associated with integrating and maintaining data connectivity to insights from the ecosystem and notifies analysts immediately.

ActOne10’s dynamic workflow management offers a data-driven, risk-calibrated workflow to accelerate decision-making while enhancing efficiency. This feature also makes it possible for the solution to offer total transparency and an exhaustive audit.

Responding to “the challenges of today and tomorrow”

The general manager of NICE Actimize, Justin McLean, stated: “Criminals typically work in packs rather than alone. The first product of its type, ActOne10 from NICE Actimize, combines financial crime case management with cutting-edge identity resolution and network risk analytics to find hidden connections between companies.

In order for analysts and investigators to shorten investigation times, manage workflows, and enable wiser decisions, financial institutions need a powerful combination of intelligence, visualisation, and automation, according to Craig Costigan, CEO of NICE Actimize.

“Our industry-leading alert and case management solution meets the needs of the financial crime-fighting units today and into the future.”

For issues including payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence, and insider trading, NICE Actimize offers real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions.

ActOne10 Fights Complex Financial Crimes
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