NICE Actimize acquires Guardian Analytics revolutionizing financial crime risk management

Source: IBS Intelligence 2020-06-08

NICE Actimize, an Autonomous Financial Crime Management provider, has announced that the firm has entered a definitive agreement to acquire Guardian Analytics, a leading AI cloud-based financial crime risk management solution provider.

Guardian Analytics offers financial institutions of all sizes sophisticated real-time behavioural analytics and machine learning solutions. Powered by the cloud, it simplifies deployments and ongoing operations, optimizing operational resource efficiency. Its cloud-based solution suite leverages unique behavioural analytics and machine learning to prevent risk.

Together the companies embark on a new journey in the fight against financial crime. The combination of NICE Actimize and Guardian Analytics’ fraud and anti-money laundering capabilities expects to empower firms to accelerate the adoption of innovative solutions, to protect their assets and customers.

The combination delivers:

1、A complete cloud platform which offers AML and fraud capabilities in the cloud for complete financial crime and compliance coverage,

2、Advanced analytics and machine learning capabilities that dynamically adapts to new attacks and changes in customer behaviour with real-time, enabling higher detection accuracy, lower false positives, and 360-degree view to maximise operational efficiency, and

3、A quick cloud setup

“Today, NICE Actimize is taking a significant step forward in advancing the future of managing financial crime risk. With criminals seeking to exploit the current environment, we need to make sure financial institutions and consumers are protected in a way that’s cost-effective and intuitive. The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth. I am excited to embark on this journey in advancing the industry’s fight against financial crime,” said Craig Costigan, NICE Actimize CEO.

This combination will extend NICE Actimize’s offering across the entire financial services sector, enabling firms of all sizes, from small and mid-sized banks to global financial institutions. The acquisition is expected to close by the end of 2020.

“We are excited to join forces with NICE Actimize and look forward to the opportunities that the combination of our expertise and capabilities will bring to market. Financial services organizations need to stay ahead of today’s threats, and our unique offerings enable firms to rely on a single provider to accelerate their financial crime risk management strategies, especially given the dynamic nature of today’s market,” said Eric Tran-Le, Guardian Analytics Co-CEO.

Established since 1999, NICE Actimize provides financial crime, risk and compliance solutions for financial institutions and government regulators. The company provides real-time, cross-channel fraud prevention, AML, and trading surveillance solutions that address concerns like payment fraud, market abuse, cybercrime, sanctions monitoring, customer due diligence and insider trading. The company recently launched its KYC Xpress to expedite KYC processes.

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NICE Actimize acquires Guardian Analytics revolutionizing financial crime risk management

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