NICE Actimize was selected by the Ireland Bank to provide business protection against financial crimes. NICE Actimize, a business unit of NICE Systems (NASDAQ:NICE) and the provider large and comprehensive platforms unique software for protection, risk and compliance for the financial services industry financial crimes, announced today that its solutions of case manager of business risks, credit card fraud against money laundering have been chosen by the Bank of Ireland.
Only financial crimes NICE Actimize platform will allow the Bank to obtain a vision more holistic view of the risk of financial crimes across the enterprise to assist in their efforts to minimize risk and improve compliance in regulation. In response to the growing pressure of regulation and the growing threats of fraud and AML, the Ireland Bank sought to be proactive in adopting a modern solution that can help you adapt to the evolving financial crime and regulatory landscape.
“The implementation of NICE Actimize solutions is an example of the commitment of our institution to stay ahead of financial criminal activity,” said Dermot Mullen, partner of the Bank Ireland risk division. “Banks that invest in technology to protect their customers simply manage business more efficient and reduce its operating losses.” NICE Actimize technology help us to build on preventive measures and early detect potentially illegal behavior by giving the Bank of Ireland an additional ability to monitor activity in process within and across different segments of our Organization. “Further, the flexibility of the NICE Actimize platform allows us to adapt us easily as new regulations are adopted.”
The Bank of Ireland will implement a number of NICE Actimize financial crime prevention solutions across their businesses that face the risk of fraud and money laundering. Built on a single central platform of risk, all solutions are connected without gaps to provide enterprise management of risk and compliance support. “We are pleased to add the Ireland Bank to our growing base of both European and global clients,” said Amir Orad, President and chief executive officer of NICE Actimize.
“In today’s highly competitive climate, institutions such as the Bank of Ireland recognized that the effective management of financial crimes has a huge impact on the effectiveness and profitability of banks.” “The Bank of Ireland has proven to be a leader in the market to choose an integrated approach to the prevention of fraud and compliance, to better protect its customers, your reputation and your business performance.”
Or NICE Actimize is the provider of largest and most comprehensive solutions for protection, risk, and compliance of financial crimes. The company provides solutions in real time and through channels of fraud prevention, backwash of money, business investigations, risk management and monitoring of trade built on a single, flexible software platform. Implemented by most of the financial institutions of the world, including all of the first 10 banks, largest of the company Solutions customers mitigate the risk of financial crime, improve compliance and reduce operating costs.
On the Bank of Ireland
The Ireland Bank is a banking group located in the Republic of Ireland and established in 1783 by Royal Charter. In the Republic of Ireland, the Bank is a systemically important Bank in the economy with a strong brand presence. It has operations established in United Kingdom and a portfolio of skills-based international niche businesses. It is a commercial bank and the traditional relations with a conservative business philosophy, a portfolio and sources of income-based diversified retail.
It has 14,647 employees. It is a public company with its shares listed in Dublin, London and New York. The Bank of Ireland is regulated by the Central Bank of Ireland and authorised and subject to regulation by the financial services authority.
On NICE Systems
NICE Systems (NASDAQ:NICE), is the world’s leading solutions based on intent, capture and analysis of interactions and transactions, intent detection and extraction of ideas to impact in real time. Driven by multi-channel and analysis of multiple sensors, the NICE solutions help organizations improve business performance, increase operational efficiency, the prevention of financial crime, ensure compliance with laws and improve security. NICE serves over 25,000 organizations in the business sector and security, representing a variety of sizes and sectors in more than 150 countries, including over 80 of the Fortune 100 companies.