SOURCE: Actimize

August 03, 2005 11:06 ET

Actimize Chooses IBM as a Preferred Partner to Help Deliver On Demand Business Solutions to Meet Financial Services Risk Mitigation Needs

Joins IBM PartnerWorld Industry Networks

NEW YORK, NY -- (MARKET WIRE) -- August 3, 2005 -- Actimize, the leading provider of advanced solutions for financial services risk mitigation, today announced it has achieved "industry optimized" status for the financial services market in IBM's PartnerWorld Industry Networks and has chosen IBM as a preferred business partner. Actimize can now take advantage of IBM's sales, marketing and technical expertise to deliver solutions that enable financial services customers to lower risk and exposure in today's strict regulatory and increasingly litigious climate.

Customers are seeking solutions that can help them better integrate processes and applications and allow them to quickly respond to changing market opportunities and challenges -- all key elements in transforming to an On Demand business.

Actimize provides a broad range of solutions that help financial services organizations worldwide alleviate the risk of internal and online fraud, prevent money laundering, and ensure broker/dealer compliance. With "always-on" monitoring and real-time notification of suspicious activity, Actimize solutions enable organizations to actually prevent -- not just detect -- fraud and other deleterious activity.

Actimize offers a single, rapidly-deployed, standards-based platform for all risk mitigation activity. Actimize solutions feature an exceptionally low false positive detection rate and minimal cost of ownership. The Actimize solutions quickly and seamlessly connect to existing enterprise data infrastructure, eliminating the need for time-consuming and costly duplicate data repository setups.

Joint offerings with IBM include the Actimize Anti-Money Laundering and US Patriot Act Solution, Fraud Prevention Solution, and Brokerage Compliance Solution.

"We are extremely pleased to have achieved 'industry optimized' status with IBM PartnerWorld Industry Networks," noted David Sosna, Actimize CEO. "With IBM's support, we expect to continue to provide best-of-breed risk mitigation solutions to top-tier financial services organizations. At the same time, we look forward to broadening and deepening our industry reach," he continued. "We are already seeing the benefits from this new partnership, and look forward to the enhanced access to new opportunities that a company of IBM's stature can provide," Sosna concluded.

"The financial services industry presents a huge opportunity for ISVs to capture new revenue," said Buell Duncan, general manager, ISV & Developer Relations, IBM. "Working together with IBM, Actimize can capitalize on the wide range of benefits available through PartnerWorld Industry Networks to more effectively develop and deliver cost-effective solutions that help financial services customers solve their business challenges."

IBM PartnerWorld Industry Networks

The IBM PartnerWorld Industry Networks provide ISVs with comprehensive business insight, technical resources, networking opportunities, and marketing and sales support designed to help them reach more customers and close deals faster. Participants in the PartnerWorld Industry Networks can team with IBM to bring on demand solutions to market more easily and to ensure these solutions meet specific industry needs, reflecting how customers buy technology today. ISVs can sign up for PartnerWorld Industry Networks at www.ibm.com/isv.

About Actimize

Actimize's enterprise solutions provide top financial institutions with the knowledge they need in real time. Recognized by leading industry analysts, Actimize offers solutions for Operational Risk Management including Anti-Money-Laundering, Fraud Prevention, Brokerage and Banking Compliance, and Brokerage Surveillance. Actimize's innovative platform speeds implementation and is sensible for the bottom line. With over 40 current enterprise clients, including six of the top ten leading financial organizations, Actimize provides surveillance and compliance monitoring for over US$4 trillion in assets. The Actimize customer base includes banks, brokerages, insurance firms, regulatory bodies, and government agencies. For more information, please visit www.actimize.com.

Contact Information

  • Contact:
    Osnat Segev-Harel
    Director Business Development
    Actimize Inc.
    1-212-851 8485