NICE Actimize launches AML Essentials for mid-sized FIs
NICE Actimize hopes to muscle into the mid-tier banking sector with the launch of AML Essentials, an anti-money laundering cloud-based platform.
It will be delivered on the Amazon Web Services (AWS) cloud.
The solution offers transaction monitoring, CDD (customer due diligence) and KYC (know your customer), and watch list filtering to reporting and SAR (suspicious activity report) filing.
Cenk Ipeker, head of NICE Actimize’s Cloud, says: “Mid-sized financial institutions are feeling pressure due to increased scrutiny and expectations from regulatory agencies.”
NICE Actimize adds that the solution offers targeted models, rules, profiles, and analytics combined with built-in, industry specific detection, workflows, and investigation tools, for AML compliance.
The solution also offers alert prioritisation, alert management, ad-hoc investigations, management reporting, and audit tracking through the Actimize Risk Case Manager.
The first delivery of AML Essentials will be the suspicious activity monitoring (SAM) component, with other components rolled out by the end of the year.