SOURCE: Actimize

December 17, 2007 09:00 ET

Actimize Introduces Enhanced Enterprise Risk Case Manager Solution With Faster and Simplified Implementation for Financial Institutions

Built on the Experience From 100 Previous Deployments, New Solution Significantly Improves Productivity and Enterprise-Wide Investigations for an Unlimited Number of Users and Fixed Deployment Cost

NEW YORK, NY--(Marketwire - December 17, 2007) - Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company, today announced a new enterprise edition of its Case Manager product. The solution includes risk-focused, out-of-the-box functionality to integrate enterprise-wide risk related data, incidents, alerts, workflows and other activities focusing primarily on anti-money laundering (AML), fraud detection and compliance cases. The offering enables Actimize to introduce a new simplified, fixed pricing model with unlimited users and fixed deployment and professional services costs.

Working closely with its customers over the past 18 months, Actimize identified and addressed market demand for several key extended case management features. In response, the company introduced an enhanced and combined enterprise edition of its product -- a risk-focused case manager with out-of-the-box, predefined libraries and broader self-design capabilities. Actimize aims to ease the adoption of such tools by simplifying the industry's pricing model and offering an unlimited number of users for both a fixed software license and a fixed professional services cost, which leads to faster configuration and deployment and faster time to value.

Neil Katkov, managing director of Celent, said: "Large financial institutions are merging AML and fraud investigation groups into one unit for a global view of this type of operational risk. An off-the-shelf, system-agnostic platform is one effective way to accomplish this."

The Actimize Risk Case Manager, Enterprise Edition aggregates cases and alerts from a wide range of sources including manual entries, third-party AML and fraud applications, legacy and homegrown systems and multiple databases, into one central location. Using Actimize's proven analytics capabilities for automated link analysis that pull together, connect and prioritize relevant alerts, the solution significantly improves productivity and enterprise-wide investigations. These cases and work items can then be accessed and investigated in a collaborative, interactive environment using the Actimize tools.

"Financial institutions consistently express concern that most enterprise case management projects require too many IT resources and take longer than promised to configure for specific businesses and exceed budget," says Amir Orad, CMO of Actimize. "Combining our domain expertise and market proven Case Manager technology allows us to remove uncertainty and minimize risk from successful enterprise-wide deployments. This enables clients to deploy a platform that is both focused on their immediate needs and extendable, while enjoying unmatched features, unlimited users and predefined libraries of AML and fraud detection configurations and capabilities."

About Actimize

Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top 10 global banks and eight of the top 10 U.S. brokerages use Actimize solutions to process hundreds of millions of transactions a day. Actimize, a NICE Systems company, has offices in New York, Israel, London and Tokyo. For more information, go to www.actimize.com.

About NICE Systems

NICE Systems is the leading provider of Insight from Interactions™ solutions and value-added services, powered by the convergence of advanced analytics of unstructured multimedia content and transactional data -- from telephony, web, email, radio, video, and other data sources. NICE's solutions address the needs of the enterprise and security markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improve business and operational performance and ensure safety and security. NICE has over 24,000 customers in 100 countries, including over 85 of the Fortune 100 companies. More information is available at http://www.nice.com.

NICE Trademarks:

360o View, Alpha, ACTIMIZE, Actimize logo, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight, FAST, FAST alpha Blue, FAST alpha Silver, FAST Video Security, Freedom, Freedom Connect, IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE logo, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision Alto, NiceVision Analytics, NiceVision ControlCenter, NiceVision Digital, NiceVision Harmony, NiceVision Mobile, NiceVision Net, NiceVision NVSAT, NiceVision Pro, Performix, Playback Organizer, Renaissance, Scenario Replay, ScreenSense, Tienna, TotalNet, TotalView, Universe, Wordnet are trademarks and/or registered trademarks of NICE Systems Ltd. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.

Contact Information

  • Press Contact:
    Jonathan Stotts
    Actimize
    +1-212-994-3865
    Email Contact