- Aberdeen Group to enhance financial crime operations with NiCE Actimize's AML solutions.
- NiCE Actimize's AI-driven technology aims to improve detection and program efficiency.
- Partnership seeks to elevate financial crime prevention via advanced analytics.
NiCE Actimize, a business unit of NiCE (NICE, Financial), announced that the UK-based Aberdeen Group has chosen its X-Sight Suspicious Activity Monitoring (SAM) and Watch List Screening solutions. These tools are designed to fortify Aberdeen's financial crime operations by utilizing advanced artificial intelligence to optimize detection and bolster anti-money laundering (AML) program efficiency.
By leveraging sophisticated machine learning and graph-based analytics, NiCE Actimize's technologies aim to identify patterns of illegal activities with high precision. The SAM solution detects suspicious transactions, while the Watch List Screening (WL-X) utilizes predictive analytics to rapidly identify high-risk customers and counterparties. This comprehensive strategy not only aids in early detection of suspicious activity but also strengthens overall protection against evolving financial crime threats.
Craig Costigan, CEO of NiCE Actimize, emphasized the importance of their multi-tiered AML portfolio in providing a robust view of potential risks. The implementation of these next-generation technologies at Aberdeen is expected to enhance client and customer outcomes through improved analytics and case management processes.
