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Technology

NICE Actimize recognized with 2021 Frost & Sullivan North America Technology Innovation Leadership Award for enterprise fraud management

The analyst report stated that by embracing artificial intelligence, machine learning, and cloud computing, NICE Actimize continuously developed new features and functionalities for enterprise fraud management

HOBOKEN, N.J. — (BUSINESS WIRE) — NICE Actimize, a NICE (Nasdaq: NICE) business, has announced that it is the recipient of the 2021 Frost & Sullivan North America Technology Innovation Leadership Award for enterprise fraud management (EFM). For the Technology Innovation Leadership Award, Frost & Sullivan analysts independently evaluated two key factors — technology leverage and business impact — across ten benchmarking criteria. Frost & Sullivan’s Technology Innovation Award recognizes the company that has introduced the best underlying technology for achieving remarkable product and customer success while driving future business value.

To download a full copy of the “2021 Frost & Sullivan North America Technology Innovation Leadership for Enterprise Fraud Management” report on NICE Actimize and its EFM expertise, please click here.

According to Frost & Sullivan’s analysis of NICE Actimize, “At the foundation of NICE Actimize’s expansive product portfolio lies its Integrated Fraud Management (IFM-X) platform. Launched as a next-generation platform in 2019, IFM-X serves as a fraud hub for NICE Actimize’s clients, combining disparate data streams, adaptive data analytics, artificial intelligence, and machine learning to solve clients’ complex needs with holistic fraud management.

The technology innovation report explained, “The platform includes a variety of packaged solutions specifically designed to enable use cases in authentication management, digital banking fraud, payments fraud, business email compromise, advanced fraud analytics, card and emerging payments fraud, check fraud, and internal threats.”

“NICE Actimize’s leadership and dedication to the industry have led the company to create an extensive portfolio of fraud management products that empower users in an endless number of use cases. By embracing key mega trends such as artificial intelligence (AI), machine learning (ML), and cloud computing, the company continuously developed new features and functionalities that enable its clients to be proactive as they join forces to address the emerging fraud threats,” said Jeffrey Castilla, Best Practices Research Team Leader, Frost & Sullivan. “With its strong overall performance, NICE Actimize earns the 2021 Frost & Sullivan Technology Leadership Award for enterprise fraud management.”

The report also acknowledged NICE Actimize’s continuing commitment to the cloud, observing, “NICE Actimize is positioned to support their clients on their journey with a suite of cloud-based value-added services. The company had already started its journey to the cloud years ago, beginning with ActimizeWatch, its managed analytics service, and subsequently developing into an extensive suite of solutions.”

Additionally, the report cited NICE Actimize’s investment in AI and machine learning targeting its enterprise fraud solutions, explaining, “NICE Actimize continues to evolve it’s AI/ML capabilities with investments in automated and adaptive machine learning, as well leveraging cutting-edge AI/ML techniques like ‘Federated Learning’ to automatically share fraud signals between its risk models, across NICE Actimize’s client base. This allows organizations to be proactively protected from emerging Fraud typologies based on collective intelligence.”

“As a leader in the enterprise fraud management space, NICE Actimize continually innovates with advancements in cloud, artificial intelligence, and machine learning so that financial services organizations more effectively stop emerging fraud threats,” said Craig Costigan, CEO, NICE Actimize. “We thank Frost & Sullivan for identifying NICE Actimize’s differentiators in technology and innovation that support FSOs in their fight against the challenging environment surrounding new and aggressive fraud types.”

The report also noted that in 2020, “NICE Actimize announced a strategic acquisition of a market leader in entity enrichment and resolution. This acquisition became X-Sight DataIQ, which NICE Actimize integrated into its portfolio. X-Sight DataIQ orchestrates the aggregation of entity data across hundreds of public and premium sources to ensure that entity data is always accurate. This intelligence fuels detection accuracy and alert resolution efficiency.”

For additional NICE Actimize resources in enterprise fraud:

For the eBook, “The Future of Fraud Fighting Evolving to Stay Ahead of Threats,” please click here.

For more information on NICE Actimize’s Fraud Management Solutions Suite, please click here.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages more than 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on six continents. To join our Growth Partnership, please visit http://www.frost.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 us at www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.

About NICE

NICE (Nasdaq: NICE) is the world’s leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Costigan, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contacts

Corporate Media Contact:

Cindy Morgan-Olson, +1-646-408-5896, NICE Actimize, cindy.morgan-olson@niceactimize.com

Investors
Marty Cohen, +1 551 256 5354,  ir@nice.com, ET

Yisca Erez +972 9 775 3798,  ir@nice.com, CET

Categories
Local News

Danny Glover will headline as keynote speaker at summer leadership programs for minority students at Princeton U.

Danny Glover will speak at From the Fire: Leadership Academy for Men to minority boys at Princeton U. Sunday.
— Provided photo
PRINCETON, N.J. – Actor, producer, and humanitarian Danny Glover will join other celebrities and notable speakers who are scheduled to address young minority students attending leadership programs at Princeton University Sunday.

At The Well Conferences, Inc. will be offering two leadership academies for black boys and girls who are in the ninth to 11th grades. The program for young women is in its eight consecutive year on the campus of Princeton University, while a similar program for young men is in an inaugural stage, beginning this year. These academies started July 22 and will run through Aug. 3.

The young women’s premiere program called At the Well Young Women’s Leadership Academy is designed for current 10th and 11th grade girls. The new program for young men is called From the Fire: Leadership Academy for Young Men, and it offers guidance for boys in the ninth to 11th grades.

“We are offering guidance and instruction that encourages these students to see the power within them and others,” states Toby Sanders who is the co-founder and director of curriculum of From the Fire. He also holds a Master of Divinity degree from Princeton Theological Seminary.

From the Fire: Leadership Academy for Young Men focuses on leadership development, mentoring, and rites of passage. The girls’ leadership program concentrates on developing leaders through academic, social, and career segments.

Speakers at these conferences will provide encouraging messages to inspire, uplift, and motivate the young men and women throughout the two weeks.

For the men, the leadership component will provide transformative education, while the mentoring activities will offer a form of “deep caring” to overcome widespread indifferences to these most vulnerable young men, states Linda Peavy, director of communications for At the Well Conferences, Inc.

She also states that the rites of passage leadership sector of the program will be a journey of self-discovery that unlocks the hidden resilience of the boys as fundamental to their manhood.

Meanwhile, At the Well Young Women’s Leadership Academy encourages the girls to participate in small group projects that build lasting bonds.

Nicole Ari Parker will address the girls leadership academy segment of The At the Well Conferences, Inc. programs at Princeton U.
— Provided photo

The girls have a curriculum that includes critical reading, essay writing, and leadership workshops.

Academics are intense, and there is nightly tutoring with teachers who are also Princeton University professors.

Workshop topics include financial literacy, body image, entrepreneurship, health and wellness, and self-esteem.

The girls’ academy offers a safe place for them to share the challenges of their daily personal and school lives.

“For the first time in forever, I am able to read books in a day and actually understand what I am reading because I am using these techniques you have taught me. I will continue to use these skills throughout my career,” said Dahnielle Milton, a 2017 alumnus of the program.

The curriculum and programming for these conferences are research-based and is designed by educators and leaders with decades of experience in young adult education and social change activism.

It is rooted in the spiritual and intellectual traditions forged in the justice struggles of African Americans.

Dynamic speakers are the highlight of the leadership component of the programs.

The program chair for From the Fire is Delroy Lindo, who has appeared in memorable film performances such as The Cider House, Heist, Clockers, Crooklyn, Malcolm X, and Ramson.

Delroy Lindo will chair the men’s leadership academy at From the Fire program.
— Provided photo

Lindo hopes “…that the experience of From the Fire will give students a boost to take the next steps in whatever goals they have planned for their lives.”

From the Fire will also feature additional speakers who include retired NBA players Charlie Ward and Jason Richardson, Hon. Ras J. Baraka, mayor of Newark; Artist Hank Willis Thomas; Attorney Kevin Harden; Life Coach Pervis Taylor; MacArthur Fellow and Music Educator, Aaron Dworkin; and Bishop Donald Hilliard, pastor of Cathedral International.

Also, other speakers from the Academy for young women will include actress Erika Alexander; the D.L. Hughley Show co-host Jasmine Sanders; Scholar Julianne Malveaux; Motivational Speaker Brandi Harvey; 2016 Democratic National Committee Chief Leah Daughtry; Dr. Michele Reed; QVC inventor Lisa Ascolese; Attorney Renee Hill; and Supermodel Liris Crosse.

Currently, 100 per cent of the women Academy alumni have been accepted to colleges.

Jacqueline Glass, the Academy founder and Princeton Theological Seminary alumnus states, “The Academy lives out our mission to empower young women locally to become effective leaders globally.”

Both programs are unique to Princeton University and to an Ivy League campus.

Categories
Local News

FBCT officially celebrates historical chapter

The Rev. Calvin Nadir Lynn Powell has been named the first African-American pastor of First Baptist Church of Trenton about five months ago, but Sunday he affirmed his commitment in an Installation Service at the church.

Joined by several other area Baptist pastors, his family, FBCT congregation members and visitors, the former pastor, a clergy, friends, customers and others, the Rev. Powell accepted his call to lead the 210-year-old church.

“It’s a very emotional day,” said the former pastor, Elizabeth Congdon. “As we look at how God uses us, and how God continues God’s work through us and the people who follow us… It’s such a special day for me, and a special blessing, “ she said.

Bishop Donald Hilliard Jr. who gave a sermon preceding The Service of Installation, called on the new leadership and the church community to maintain a church that focuses on God. He emphasized the purpose of the Church and why the nation needs good churches.

The Rev. Powell said he accepts the position as senior pastor with humility after serving the congregation as associate pastor for about four years.

Rev. Powell's Installation Service from Michelle Dryden on Vimeo.

Reach me at
mdryden@themediapub.com