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NICE Actimize's IFM Enterprise Fraud Management platform uses artificial intelligence and machine learning to develop and improve fraud prevention models and methodologies
NICE Actimize has been named a Leader in the “IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment (March, 2024)”. For this analysis, IDC divided potential key measures for success into two primary categories: capabilities and strategies. Among its assessments, the capabilities category looked at how well a vendor is building/delivering capabilities that enable it to execute its chosen strategy in the market. The strategies category focused on high-level decisions and underlying assumptions about offerings, customer segments, and business and go-to-market plans for the next three to five years.
“NICE Actimize is the fraud solutions vendor of choice for nearly all the largest banks, across all regions, which makes it one of the most widely used fraud solutions,” explained Sean O'Malley, research director, IDC Financial Insights, Worldwide Compliance, Fraud and Risk Analytics Strategies and author of the report. “NICE Actimize uses artificial intelligence and machine learning to develop and improve fraud prevention models and methodologies. NICE Actimize deals with real-time fraud prevention, anti–money laundering (AML) detection, and trade surveillance solutions.”
The IDC MarketScape report states, “NICE Actimize has conducted analysis to confirm that machine learning alone is not enough to optimize fraud prevention. It needs to be augmented with fraud expertise, which is why the IFM Enterprise Fraud Management solution also has a library of expert fraud features, developed by Actimize's experts — to help maximize the detection rate with the minimum alert rate and enable more rapid time to value for its customers.”
“NICE Actimize is the fraud solutions vendor of choice for nearly all the largest banks, across all regions, which makes it one of the most widely used fraud solutions,” explained Sean O'Malley, research director, IDC Financial Insights, Worldwide Compliance, Fraud and Risk Analytics Strategies and author of the report. “NICE Actimize uses artificial intelligence and machine learning to develop and improve fraud prevention models and methodologies. NICE Actimize deals with real-time fraud prevention, anti–money laundering (AML) detection, and trade surveillance solutions.”
The IDC MarketScape report states, “NICE Actimize has conducted analysis to confirm that machine learning alone is not enough to optimize fraud prevention. It needs to be augmented with fraud expertise, which is why the IFM Enterprise Fraud Management solution also has a library of expert fraud features, developed by Actimize's experts — to help maximize the detection rate with the minimum alert rate and enable more rapid time to value for its customers.”