NICE Actimize Positioned as Top Ten Vendor in 2024 Chartis RiskTech AI50 Report

NICE Actimize, a NICE (NASDAQ: NICE) business, has been positioned as #8 and a market leader in the inaugural Chartis Research RiskTech AI50 Report which assessed 50 of the industry’s top vendors across the risk management landscape, assessing their capabilities and use of AI. Chartis Research, part of Infopro Digital, is a leading provider of research and analysis on the global market for risk technology. NICE Actimize also received three category awards for its AI-specific solution expertise.

The Chartis RiskTech AI research report explored the broad landscape of AI adoption in financial risk management. This comprehensive study offered a panoramic view of the industry and a detailed examination of specific training techniques and machine learning (ML) architectures. Chartis assessed the current state of AI in risk management by identifying areas of maturity, promising growth and innovation. From emerging large language model (LLM)-based applications to established credit scoring and fraud-detection ML models, the report highlighted the depth and diversity of AI applications in the field.

In addition to its “top ten” position, NICE Actimize also won three solution category awards that included:

• Use of AI in AML and transaction monitoring
• Use of AI in communication and control
• Use of AI for customer service

According to Chartis Research, “We believe that AI and AI tools will increasingly become core components of risk and analytics, co-existing and blending with other statistical and mathematical elements. For now, though, this is an area undergoing rapid evolution, and as new tech providers continue to emerge in the market with ever more innovative offerings, Chartis’ goal remains to analyze this dynamic and changing landscape and recognize the companies operating within it.”

“NICE Actimize meets the challenges faced by financial institutions head on with AI embedded within an impressive portfolio of financial crime solutions,” said Craig Costigan, CEO, NICE Actimize. “Delivering AI-powered solutions for many years, we have invested in a world-class data science capability that sits at the core of our portfolio. This is evident by the sheer number of AI capabilities our customers have deployed in production. Our commitment to AI is only accelerating with the recent releases of network analytics and Generative AI-powered offerings. Thank you to Chartis for recognizing these achievements.”

NICE Actimize was recently positioned as #1 in the inaugural Chartis Research Financial Crime and Compliance 50 Report and has been positioned as a leader in numerous Chartis RiskTech Quadrant reports including Watchlist Screening, FRAML, AML, KYC, communications monitoring and other financial crime solution categories.

For further information on NICE Actimize financial crime solutions including white papers and e-books, please visit its web site here.