When we think of innovation, we envision breakthroughs that change the way we live—like the rise of peer-to-peer (P2P) payment platforms such as Zelle. These platforms have made instant payments as simple as a tap on a screen, eliminating the delays of traditional transactions. However, the rapid adoption of real-time payments has introduced a new layer of complexity regarding fraud liability, leaving consumers, financial institutions, and regulators asking critical questions: Who is responsible for fraudulent transactions, and how can consumers be protected in this fast-moving digital economy?
February 19th, 2025
In recent years, the growing emphasis on Environmental, Social, and Governance (ESG) criteria has reshaped how businesses operate across various industries. As regulatory frameworks evolve, organizations are increasingly integrating ESG factors into their decision-making processes to not only meet stakeholder expectations but also mitigate risks. One area where this integration is gaining significant attention is Anti-Money Laundering (AML) practice as it aligns with the broader push for responsible and sustainable financial practices. The convergence of ESG and AML presents a unique opportunity to strengthen financial crime prevention efforts while aligning with global sustainability goals. In this blog we will explore the integration of ESG in AML framework, highlighting how financial institutions can integrate these critical components to enhance compliance, promote ethical practices, and create long-term value. Lastly, we will analyze how Actimize can help Financial Institutions (FI) to understand requirements, adapt ESG risk management processes, and transform their activities while remaining both efficient and compliant.
February 14th, 2025
Money laundering remains a pervasive global challenge, with its scale ever increasing. Some estimates indicate that over 6 trillion dollars are laundered each year. Unfortunately, less than 2% of money being laundered is recovered. The amount of money laundering being identified and reported to appropriate authorities is higher. However, it is hard to determine what that percentage is, but it is likely a fraction of the 6 trillion laundered by the criminals.
February 11th, 2025
Looking for love can be an online adventure. It entails swiping through profiles on dating websites and popular social apps. Unfortunately, apps have become the new playground for romance scammers.
February 7th, 2025
Financial crime continues to generate significant wealth for organized crime while continuing to cost hundreds of billions of dollars to manage for the regulated sector. If financial institutions (FIs) don’t modernize their investigative processes, they risk falling behind. Criminals exploit vulnerabilities faster than the regulated sector can respond. Alert volumes continue to escalate, and with growing operational complexity, costly compliance demands, and operational inefficiencies and bottlenecks, traditional methods are no match for today’s challenges. FIs must adapt quickly or face greater financial losses, reputational harm, and regulatory penalties.
February 3rd, 2025
NICE Actimize has once again solidified its position as a frontrunner in the realm of trade surveillance and monitoring. According to the latest report from global advisory firm QKS Group, titled “SPARK Matrix™: Trade Surveillance and Monitoring, Q4 2024,” NICE Actimize has been named the overall global leader, marking its fifth consecutive year at the top.
January 17th, 2025
Once again, NICE Actimize has affirmed its leadership in communication surveillance. For the third straight year, we have been recognized as the overall leader in the recently released 2024 QKS Group Communications Surveillance Report. Let’s explore what makes NICE Actimize the go-to choice for organizations aiming to elevate their surveillance strategies.
January 13th, 2025
In the competitive landscape of equity trade surveillance, category leaders are distinguished by their ability to balance infrastructure excellence with advanced analytics. While established technology firms continue to dominate, innovative challengers are emerging, hoping to disrupt the status quo. This is the observation of Chartis Research, whose recent report ”Trade Surveillance Solutions 2024, Quadrant Update”, (12/20/2024) highlights the diverse ecosystem of specialized vendors catering to unique areas within this complex landscape.