NICE Actimize Launches AI-Enabled Investigation Management System

NICE ActimizeNICE Actimize, a leader in Autonomous Financial Crime Management, has announced the launch of an artificial intelligence – enabled investigation management system that serves as the next generation alert and case management platform for financial services organizations (FSOs).
NICE Actimize’s “ACTone” is a unified platform to manage alerts and cases from a wide ecosystem of financial crime solutions. It is able to reduce investigation time for a single alert by up to 70 percent and improves analyst’s decision making.
Joe Friscia, President of NICE Actimize, commented: “This paradigm shift, as reflected in our release of the new ACTone investigation management system is another proof-point in our march towards bringing the vision of Autonomous Financial Crime Management to reality. ACTone seamlessly merges technology and data to both improve productivity and to turn raw data into actionable intelligence. In an autonomous world, instead of machines assisting humans to complete work, humans will assist the machines.
Joe Friscia, President of NICE Actimize
Joe Friscia, President of NICE Actimize

“With financial criminals getting smarter every day, it’s time for us to do the same. This is why we are so committed to our vision of Autonomous Financial Crime management which provides these benefits and more as we attack all aspects of financial crime.”

This new product disrupts any financial crime system by applying AI-enabled robotics and automation to its ecosystem. The increased accuracy and productivity translated into an improved return on investment.
Actimize ACTone leverages the Autonomous Financial Crime Management (AFCM) approach, which unifies and mitigates risk through targeted utilization of big data, advanced analytics everywhere, artificial intelligence and robotic process automation.
Now, financial crime investigations and compliance operations can be transformed by introducing analytics and automation at every step of the financial crime detection, investigations and operations process. The paradigm shift is completed as the intelligent virtual workforce collaborates with human investigators.
Shirley W. Inscoe, Senior Analyst at Aite Group, said: “As financial crime attempts continue to increase, financial institutions can be overwhelmed, and they cannot always increase staff to handle higher alert volumes. Using automation to gather data and perform some steps of the investigation will enable analysts to be more efficient and disposition more alerts daily without sacrificing work quality.”
Shirley W. Inscoe, Senior Analyst at Aite Group
Shirley W. Inscoe, Senior Analyst at Aite Group

The Actimize ACTone Investigation Manager discovers visual relationships across entities, as well as connections between alerts and entities. Additionally, it eliminates manual data gathering, assigns a dynamic risk score, provides immediate notifications on changes, and offers intuitive navigation.

The product will first be included in NICE Actimize’s Suspicious Activity Monitoring (SAM) anti-money laundering solution announced recently, as well as within its enterprise fraud and financial markets compliance solutions.