Technology Awards 2016 – Best AML and Risk Management Solutions



Landmark regulatory events, including the Panama Papers leak, the ongoing 1MDB investigation and the rollout of the Common Reporting Standard regime, have increased the pressure on private banks to ensure that their risk management and anti-money laundering (AML) processes are both comprehensive and flexible.

NICE Actimize’s robust AML toolkit addresses key pain points for private banks through its integrated AML lifecycle management platform. Its suspicious activity monitoring solution allows for AML transaction monitoring via a customer due diligence and watch list filtering tool, generating detailed insights on clients once onboarded.

Furthermore, the software alerts the bank on inconsistencies in client information – a function that is more crucial than ever given recent industry scandals. And the suite of solutions includes modules that enable the bank to remain abreast of evolving regulatory regimes.

“We are deeply committed to increasing our investments in the Asian Pacific market, including the expansion of our partners network in the region and our professional services organisation’s capabilities, ” says Joe Friscia, president, NICE Actimize. ”We are pleased with the strong acceptance that our financial crime solutions have received across our portfolio of risk management solutions, including anti-money laundering and fraud.”

NICE Actimize is Asian Private Banker’s Best AML and Risk Management Solution for 2016.