NICE
Actimize, a NICE business and the industry's largest and broadest provider of a
single financial crime, risk, and compliance software platform for the
financial services industry has been selected by First Tech Federal Credit
Union to implement Actimize Essentials cloud solutions, including anti-money
laundering and fraud applications. First Tech Federal Credit Union, a $9.4
billion financial institution, serves many of the world’s leading technology
companies and their employees.
NICE
Actimize Essentials is a software-as-a-service (SaaS) created to meet
end-to-end anti-money laundering and fraud detection requirements, providing
multiple best-of-breed modules that detect and score a range of banking
activity, including transaction monitoring, customer due diligence, watch list
filtering, and Suspicious Activity Report (or SAR) filings.
NICE
Actimize Essentials also offers integrated case management capabilities that
feature pre-defined workflows and checklists, as well as pre-defined users and
roles. This highly secure cloud-based software as a service combines behavioral
analytics and a rules engine to enable accurate and efficient detection of
money laundering and fraud activities.
“As
an institution with a discerning, technologically sophisticated member base,
it’s vital that our First Tech team engages with a financial crime solutions
provider like NICE Actimize who can grow with us and manage our requirements
across both anti-money laundering and fraud-related concerns,” said Joseph
Harrison, Vice President, Compliance, First Tech Federal Credit Union. “With
NICE Actimize’s industry-proven experience, we are confident that this strategy
will enable us to meet the demanding requirements of regulators.”
“Many
solutions built for credit unions don’t effectively scale as their needs
evolve, while others are too costly or cumbersome for their operations,” said
Cenk Ipeker, Head of NICE Actimize’s Cloud business. “NICE Actimize Essentials
offers the functionality, depth and upward growth capability necessary for
those institutions to grow and protect their investment in fighting financial
crime.”
NICE
Actimize will be exhibiting at the CUNA Governmental Affairs Conference in
Washington, D.C. from February 26 - March 2 at Booth #269.
NICE
Actimize is the largest and broadest provider of financial crime, risk and
compliance solutions for regional and global financial institutions, as well as
government regulators. Consistently ranked as number one in the space, NICE
Actimize experts apply innovative technology to protect institutions and
safeguard consumers and investors assets by identifying financial crime,
preventing fraud and providing regulatory compliance. The company provides
real-time, cross-channel fraud prevention, anti-money laundering detection, and
trading surveillance solutions that address such concerns as payment fraud, cybercrime,
sanctions monitoring, market abuse, customer due diligence and insider trading.
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