New crime risk management service uses AI to beat fraud – IBS Intelligence

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Barak Eilam, CEO, NICE

Risk assessment specialist NICE Actimize has launched what it claims is the first financial crime risk management solution on the market.
Called X-Sight, it is based around software that is designed to accelerate the transition to autonomous financial crime management by deploying advanced analytics, AI and machine learning capabilities on an open platform.
NICE said the platform-as-a-service (PaaS) platform offers a single, unified way for financial service organizations to continuously improve their financial crime, risk and compliance management investments while accommodating rapid innovation and ongoing technology updates.
NICE Actimize X-Sight provides machine-led detection, decisioning and self-learning capabilities that can adapt and scale to meet the needs of any financial services organization‘s operations through an open, services-based architecture built on the cloud.
“The NICE Actimize X-Sight platform-as-a-service is the vehicle to achieve full autonomous financial crime management quickly and more cost effectively than ever before possible,” said Barak Eilam CEO, NICE Actimize. “Our customers’ challenges in financial crime are specialized and…

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