NICE Actimize Introduces X-Sight AI-Powered Entity Risk Solution to Deliver Single Trust Score

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HOBOKEN, NJ–(BUSINESS WIRE)–NICE Actimize, a PLEASANT (NASDAQ: NICE) company, today announced the launch of its advanced X-Sight Entity Risk SaaS, an innovative solution that produces a single risk score enabling a financial institution to better understand its customers across the organization. Leveraging artificial intelligence, machine learning, entity resolution, and network analytics, X-Sight Entity Risk improves the effectiveness of advanced anti-money laundering, fraud prevention, and anti-money laundering applications. corporate fraud and other financial services applications.

NICE Actimize’s X-Sight Entity Risk solution provides data insights from a variety of data sources to ensure an entity profile is always accurate and analyzes entity networks and behaviors to provide a single entity trust score that informs detection and prevention systems to enhance their analytical accuracy. Additionally, continuous insights from prevention, detection and investigation results further enrich the profile and score, marking the era of connected intelligence, which is a game-changer in the fight against fraud and financial crime.

Offering a powerful blend of artificial intelligence, machine learning, and automation, the solution reveals hidden risks and provides a fully transparent view of entities across the organization. This allows companies to move from reactive to proactive risk management while growing their business.

Financial services organizations are placing greater emphasis on expanding a risk-based approach to combating financial crime,” said Craig Costigan, CEO, NICE Actimize. “Addressing this need with pioneering technology, the revolutionary AI-powered X-Sight Entity Risk solution provides an unparalleled ability to access true and transparent business intelligence around customers and entities.”

Connecting the dots within a financial institution, X-Sight Entity Risk works with other NICE Actimize solutions and is agnostic with other third-party solutions. Adaptable and agile, X-Sight Entity Risk improves the effectiveness of end-to-end enterprise fraud solutions while enriching entity-centric AML capabilities. Additionally, as the cloud powers it, X-Sight Entity Risk offers the ability to run exceptionally fast scans, providing faster access to risk scoring data while delivering efficiencies.

Please visit our website here for more information on NICE Actimize X-Sight Entity Risk.

About NICE Actimize

NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions and government regulators. Consistently ranked number one in the field, NICE Actimize experts apply innovative technology to protect institutions and protect consumer and investor assets by identifying financial crime, preventing fraud and ensuring regulatory compliance. The company provides real-time multi-channel fraud prevention, money laundering detection and transaction monitoring solutions that address issues such as payment fraud, cybercrime, sanctions monitoring, abuse of market, customer due diligence and insider trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.

About NICE

With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the world to create extraordinary customer experiences while meeting key business metrics. With CXone, the world’s #1 cloud-native customer experience platform, NICE is a global leader in self-service and AI-powered agent-assisted CX software for the contact center – and beyond. More than 25,000 organizations in more than 150 countries, including more than 85 of the Fortune 100 companies, partner with NICE to transform – and elevate – every customer interaction. www.nice.com

Note on the mark: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other brands are trademarks of their respective owners. For a complete list of NICE trademarks, please visit: www.nice.com/nice-trademarks.

Forward-looking statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including Mr. Costigan’s statements, are based on management’s current beliefs, expectations and assumptions. of NICE Ltd. (the society “). In some instances, these forward-looking statements may be identified by words such as “believe”, “expect”, “seek”, “may”, “will”, “intend”, “should”, “plan”, “anticipate”. ”, “plan”, “estimate” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the Company’s actual results or performance to differ materially from those described herein, including, but not limited to, impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competetion; the successful execution of the Company’s growth strategy; the 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; failure to develop and introduce new technologies, products and applications on a timely basis; 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 agreements; the Company’s dependence on third-party cloud computing platform providers, hosting facilities and service partners; cybersecurity attacks or other security breaches against the Company; the effect of newly enacted or amended laws, regulations or standards on the Company and our products; and various other factors and uncertainties discussed in our filings with the United States Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the Company, see 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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