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NICE Actimize Introduces ActimizeWatch for Cloud-based AI

A recent press release states, “NICE Actimize, a NICE business and the leader in Autonomous Financial Crime Management, has expanded ActimizeWatch, its secure cloud-based analytics optimization solution, to apply managed machine learning and automation for laser-sharp Anti-Money Laundering detection with reduced false positives and a simpler road to regulatory compliance. The service now extends cloud-managed AI to Fraud and AML teams — strengthening institutions’ overall Financial Crimes Unit.”

The release continues, “Currently, FSOs are facing rapid changes with regulations, criminal typologies, and even their own business products, yet their financial crime detection and analytics remain inflexible.

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