Israel Science Technology

Financial crime, compliance and risk management solutions provider Actimize will provide its anti-fraud platform for fighting financial crime to a top-10 global bank, in a high 7-digit strategic deal. Actimize will replace and consolidate dozens of 3rd party and proprietary anti-fraud systems across various channels, in order to create a single enterprise-wide fraud risk management platform.

The Actimize packaged solutions will enable the institution to prevent fraud in real-time, across various channels such as Internet, call center, cards, payments and ATM. The Actimize platform will also support self-development of proprietary fraud models by the bank's internal experts. In addition, the bank will use Actimize's enterprise case management solution to manage fraud investigations across the enterprise.

"As financial crime and enterprise fraud become more complex and costly, and also move up financial institutions' agenda, we believe that we can significantly leverage this strategic win to drive further growth. This win is a major milestone for Actimize and validates our position as the largest and broadest financial crime solutions provider,” said David Sosna, CEO at Actimize.

Founded in 1999 and part of NICE Systems since 2007, Actimize provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions to more than 100 of the world's top global financial institutions, agencies and regulatory bodies. Last month, Banco Espirito Santo has decided to deploy Actimize's Brokerage Compliance Market Abuse solution to identify and report suspicious transactions.

BlogAds - Testing Smartphone Applications | Compression Bandaging for Leg Ulcers | Tuning SQL Query Performance