NICE Actimize

Taiwanese Broker to Deploy NICE Actimize’s AML and KYC Solutions

ChaileaseNICE’s Autonomous Financial Crime Management business has been selected by Chailease Holding to implement an end-to-end anti-money laundering compliance platform for its growing organization. Chailease expects to improve its operation’s effectiveness and efficiency while achieving greater confidence from its ever-growing base of financial services customers.

Chailease is an international leader in leasing and professional financial services which has operational needs to expand its international markets. To that effect, Chailease will utilize industry-leading solutions from NICE Actimize’s Autonomous Anti-Money laundering portfolio including Suspicious Activity Monitoring, Customer Due Diligence, and Watchlist Filtering solutions.

Craig Costigan, Chief Executive Officer at NICE Actimize, commented: “We are pleased to continue to extend our professional services and advanced solutions offerings to the greater Asia-Pacific marketplace, and that Chailease has adopted NICE Actimize’s Autonomous Financial Crime Management approach. As we work with Chailease to implement our anti-money laundering capabilities, we look forward to expanding our professional services and solutions offerings across its worldwide organization.”

The client will launch NICE Actimize’s anti-money laundering solutions
from its Taiwan-based headquarters and adopt NICE Actimize’s
anti-money laundering portfolio to drive productivity, increase
efficiency and cut investigation times through the utilization of
advanced analytics and machine-learning technologies. The operation
will include the assistance of NICE Actimize’s experienced
professional services team.

The deployment of NICE Actimize’s Autonomous AML suite to modernize Chailease’s AML program will feature the Customer Due Diligence (CDD) solution which manages customer risk rating throughout the entire customer lifecycle for onboarding and ongoing monitoring, and the Suspicious Activity Monitoring (SAM) solution, which combines machine learning analytics with industry red-flags for laser-accurate detection. to virtually eliminate costly manual data gathering tasks, thereby increasing team productivity and reducing investigation time. NICE Actimize’s Watch List Filtering (WLF) solution provides screening for sanctions and PEPs.

In March 2019, NICE’s Autonomous Financial Crime Management services partnered with Circle to guard its key infrastructure against market manipulation across its exchange and trading products, which currently see more than $3 billion in monthly trading volume. The solution is designed to quickly and cost-effectively detect sophisticated forms of market manipulation including pump and dump, layering and insider trading, which has become significant threats in the cryptocurrency trading industry.

In September 2019, NICE Actimize launched SURVEIL-X, an AI-powered, cloud-native surveillance solution that detects all forms of risky behavior to ensure compliance with key global regulations, including MiFID II, Dodd-Frank, Regulation Best Interest and others, while also protecting FSOs from previously undetectable risks that could result in fines and reputational damage.