NICE Actimize’s IFM-X was cited for meeting the biggest challenges posed by digital transformation when new account opening migrated to online
NICE Actimize, a NICE (NASDAQ: NICE) business has been named the “Anti-Fraud Product of the Year”recipientin Risk.net’s Risk Technology Awards 2022 competition, determined by a judged voting process led by the publication’s editorial team. NICE Actimize was specifically honored for IFM-X, its industry-leading integrated fraud management platform, that provides real-time, end-to-end fraud prevention coverage that continuously adapts to new, emerging fraud threats.
Among the many challenges faced by financial institutions today, fraud continues to rank high and having a robust anti-fraud management solution is therefore pivotal. NICE Actimize’s IFM-X provides real-time, end-to-end fraud prevention coverage that continuously adapts to new, emerging fraud threats, and its platform has been enhanced to meet the biggest challenges posed by digital transformation that began at the onset of the pandemic when new account opening processes migrated from in-person branch processing to almost exclusively online.
“NICE Actimize continues to support the transition to digital banking and the acceleration of digital account opening,” said Craig Costigan, CEO, NICE Actimize. “NICE Actimize’s intelligent online account opening fraud prevention enables financial institutions to reduce friction in the application process while detecting more fraud, thereby providing a better customer experience.”
Among the positive comments from the Risk.net judges panel on NICE Actimize’s enterprise fraud solutions, were: “Very intrigued on the use of dark web data and how that would be sourced as well as the acknowledgement and strategies around synthetic IDs” and “Like the focus on device risk and new account fraud – it’s detailed and is very obviously tied to evolving risks.”
To learn more about NICE Actimize’s investments in enterprise fraud solutions and its commitments to its customers, please view the Risk.net video interview with Yuval Marco, General Manager, Fraud & Authentication Management, NICE Actimize, by clicking here.
Visit the Risk.net web site to read more about NICE Actimize and its enterprise fraud solutions by viewing the editorial profile located here.
Risk Technology Awards Methodology
A panel of 12 industry experts and Risk.net editorial staff reviewed the shortlisted entries, with judges recusing themselves from categories or entries where they had a conflict of interest or no direct experience.
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