|By Business Wire||
|February 19, 2013 11:26 AM EST||
NIIT Technologies, a leading global IT solutions organization, announced today that it has selected NICE Actimize, a NICE Systems business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, as a provider for Suspicious Activity Monitoring solutions for NIIT Technologies’ mid-tier Banks and Credit Unions.
The Actimize Suspicious Activity Monitoring solution is part of the Actimize Anti-Money Laundering Solutions suite, providing end-to-end coverage to identify and report suspicious transactions related to money laundering and terrorist financing, assisting firms to meet the requirements of current regulations and quickly adapt to the evolving regulatory environment.
Under the terms of the agreement, NIIT Technologies is able to offer the NICE Actimize Suspicious Activity Monitoring solution individually, or bundled with NIIT Technologies’ compliance and business process operations solutions to smaller and mid-tier retail banks (based on assets) in the U.S, predominantly in a hosted, fully-serviced environment. This solution will provide clients with a Best-in-Class AML platform, conversion of fixed expenses to variable, and the ability to scale on demand.
Ravi Nimmagadda, Senior Vice President of Banking & Financial Services at NIIT Technologies, said, "The NICE Actimize award-winning solution, coupled with our own Governance, Risk and Compliance (GRC) solutions, bring a unique and exciting value to the small and medium size banks that otherwise would not be able to realize the advanced AML capabilities of their larger competitors at a very affordable price point. The hosted technology solution bundled with operations as a “service” is a powerful choice compared to the fixed capital expenses normally associated with AML and GRC requirements at a time when banks continue their focus on growth and regulatory compliance.”
Lalit Dhingra, President of NIIT Technologies, said, “We are pleased to add this quality solution from NICE Actimize to further enhance our suite of solutions specifically geared to the community bank and mid-tier financial institutions market.”
About NIIT Technologies
NIIT Technologies is a leading Technology and Business Process solutions organization, servicing customers in North America, Europe, Asia, Australia, and the Middle East. NIIT Technologies provides Application Development and Maintenance, Infrastructure Managed Services, Cloud Computing, Enterprise Data Management, Data Governance, Risk Management, Business Process Management, and Business Process Outsourcing to organizations in the Financial Services sector, in addition to other selective industry verticals – Insurance, Travel, Media and Manufacturing/Distribution.
The Company adheres to major global benchmarks and standards, having secured the ISO 9001:2000 certifications and the ISO: 27001 Information Security Management accreditation. NIIT Technologies also follows global standards of development. It has been assessed at Level 5 of SEI CMMi version 1.2. NIIT Technologies Business Process Outsourcing conforms to the highest quality standards such as COPC and Six Sigma. Its data center operations are assessed at the international ISO 20000 IT management standards.
For more information, please visit www.niit-tech.com.
About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading.
Find them at www.nice.com/actimize, @NICE_Actimize or NASDAQ:NICE.
About NICE Systems
NICE (NASDAQ: NICE) is the worldwide leader of software solutions that deliver strategic insights by capturing and analyzing mass quantities of structured and unstructured data in real time from multiple sources, including phone calls, mobile apps, emails, chat, social media, and video. NICE’s solutions enable organizations to take the Next-Best-Action to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies.
Trademark note: Actimize, the Actimize logo, NICE, and the NICE logo are trademarks or registered trademarks of NICE Systems. All other marks are trademarks of their respective owners. For a full list of NICE Systems' marks, please see: http://www.nice.com/nice-trademarks.
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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