NICE Actimize Recognized as RiskTech Leader in Chartis 2024 AML Transaction Monitoring Report

Chartis Research, a leading authority on risk technology, evaluated 37 anti-money laundering vendors for its AML Transaction Monitoring Solutions, 2024 Quadrant Update Report across the two axes of Market Potential and Completeness of Offering. Following evaluation by Chartis analyst Nick Vitchev and Jason Wright, NICE Actimize was named a Category Leader in the final analysis. This recognition highlights NICE Actimize’s leadership in combating money laundering through advanced technology and innovation.

NICE Actimize earned top scores in areas such as data and systems integration, modeling and risk typology, speed and volume, and platform and case management. Its strong performance was further supported by market potential factors, including customer satisfaction, market penetration, growth strategy, and financial stability.

NICE Actimize’s anti-money laundering solutions leverage advanced artificial intelligence (AI) and machine learning to deliver comprehensive and accurate compliance coverage. Its Suspicious Activity Monitoring (SAM) solution provides AML-focused analytics to identify and address a wide range of money laundering threats. Using advanced machine learning algorithms, SAM rapidly detects suspicious transactions with exceptional precision, reducing false positives and improving operational efficiency.

Nick Vitchev of Chartis Research noted that NICE Actimize’s capabilities solidify its position as a leader, saying, “NICE Actimize’s ability to deliver innovative AML transaction monitoring solutions reflects its category leader position in Chartis’ latest AML transaction monitoring report.”

Craig Costigan, CEO of NICE Actimize, emphasized the company’s commitment to innovation, “Our AI-powered transaction monitoring solutions are proven to increase detection precision. With end-to-end embedded AI, AML programs can accelerate detection and investigation of threats, reducing noise while ensuring complete compliance.”

This recognition follows NICE Actimize’s recent ranking as #1 in Chartis Research’s 2024 Financial Crime & Compliance50 report, further establishing the company as a leader in financial crime and compliance technology.

By continuously advancing its technologies, NICE Actimize remains at the forefront of the fight against money laundering, offering solutions that empower financial institutions to enhance compliance and mitigate risk with confidence.

For more information about NICE Actimize’s AML solutions, please click here.