US-based fraud prevention company NICE Actimize offers its AI and cloud-based Essentials AML and anti-fraud solutions to UK-based Target Group . Target Group’s objectives include protecting its customers with financial crime and compliance technology and services, while benefiting from the operational efficiencies that AI and cloud-based solutions offer.

Tapping NICE Actimize for compliance Target Group will also utilise NICE Actimize’s X-Sight Data IQ Clarify Software-as-a-Service (SaaS) workflow solution to facilitate compliance with KYC/Anti-Money Laundering (AML) requirements by integrating disparate datasets and streamlining the customer identification, due diligence, and credit investigation process. X-Sight DataIQ Clarify intelligently orchestrates the aggregation of data from a comprehensive variety of global data sources, returning the intelligence needed to enrich customer profiles. Leveraging the insights and experience gained from supporting the world's largest financial institutions, NICE Actimize’s Essentials is a cost-effective, easily scalable SaaS platform.

It is also a cloud-based offering that provides end-to-end fraud management capabilities, offers real-time fraud detection, cross-channel analysis, and multi-payment coverage, as well as extensive fraud alert and case management capabilities. Fraud Essentials is built to deliver a complete robust suite of fraud operations tools to help detect fraud perpetrated against multiple payment and transaction types. Target Group will also utilise NICE Actimize’s AML Essentials, a cloud-based offering that is built upon its proven, end-to-end anti-money laundering platform.

Target’s Essential AML coverage will include Suspicious Activity Monitoring, Customer Due Diligence, and Watchlist Screening capabilities. Preventing fraud at every step of the way Officials from Target Group stated that they will be onboarding their financial institution customer portfolios to the NICE Actimize platform across the entire AML and Fraud customer life cycle to prevent and detect financial crime at each stage of the product lifecycle – during origination, in-life servicing, and through to maturity. NICE Actimize stood out as one of the only providers, within a highly competitive RFP process, that could deliver an integrated AML and Fraud management platform with the sophistication and flexibility to meet Target Group’s requirements.

Commenting on the partnership, representatives from NICE Actimize said that their cloud and AI-based Essentials and DataIQ capabilities will deliver exceptional performance in support of Target Group’s financial crime requirements. By offering a combination of technology, managed services, and financial crime professional support, NICE Actimize will endeavour to meet Target’s objectives while keeping its customers safe. NICE Actimize will also provide an all-inclusive service to Target Group in the cloud with ongoing support for tuning, testing, and system health checks as well as onboarding new client portfolios as Target Group acquires new clients.

For more information about NICE Actimize, please check out the company profile in The Paypers Company Database. .