NICE Actimize selected by First Tech Federal Credit Union to implement financial crime cloud strategy
Actimize cloud essentials provides best-of-breed anti-money laundering, fraud and case management cloud applications
SAN JOSE, CA (February 21, 2017) — NICE Actimize, a NICE (Nasdaq:NICE) business and the industry’s largest and broadest provider of a single financial crime, risk, and compliance software platform for the financial services industry has been selected by First Tech Federal Credit Union to implement Actimize Essentials cloud solutions, including anti-money laundering and fraud applications. First Tech Federal Credit Union, a $9.4 billion financial institution, serves many of the world’s leading technology companies and their employees.
NICE Actimize Essentials is a software-as-a-service (SaaS) created to meet end-to-end anti-money laundering and fraud detection requirements, providing multiple best-of-breed modules that detect and score a range of banking activity, including transaction monitoring, customer due diligence, watch list filtering, and Suspicious Activity Report (or SAR) filings.
NICE Actimize Essentials also offers integrated case management capabilities that feature pre-defined workflows and checklists, as well as pre-defined users and roles. This highly secure cloud-based software as a service combines behavioral analytics and a rules engine to enable accurate and efficient detection of money laundering and fraud activities.
“As an institution with a discerning, technologically sophisticated member base, it’s vital that our First Tech team engages with a financial crime solutions provider like NICE Actimize who can grow with us and manage our requirements across both anti-money laundering and fraud-related concerns,” said Joseph Harrison, Vice President, Compliance, First Tech Federal Credit Union. “With NICE Actimize’s industry-proven experience, we are confident that this strategy will enable us to meet the demanding requirements of regulators.”
“Many solutions built for credit unions don’t effectively scale as their needs evolve, while others are too costly or cumbersome for their operations,” said Cenk Ipeker, Head of NICE Actimize’s Cloud business. “NICE Actimize Essentials offers the functionality, depth and upward growth capability necessary for those institutions to grow and protect their investment in fighting financial crime.”
NICE Actimize will be exhibiting at the CUNA Governmental Affairs Conference in Washington, D.C. from February 26 – March 2. See us at Booth #269.
About First Tech Federal Credit Union
First Tech Federal Credit Union is the banking partner for tech innovators. As the largest national credit union founded by and for the people of tech, First Tech understands the unique financial needs of their community and tailors services and solutions for them, including in-person banking, online and mobile banking, mortgages, loans, an investment division and more. Because First Tech is member-owned, it puts people over profits, with competitive rates and lower fees that provide members with the roadmap they need for future financial success. Founded more than 70 years ago, First Tech has over $17 billion in assets and serves employees of cutting-edge companies like Microsoft, Intel, Cisco, Amazon, Nike and Google through its dozens of branch locations and more than 5,600 Co-Op Shared Branch locations across the U.S. First Tech is federally insured by the NCUA and is an Equal Housing Lender. For more information, visit www.firsttechfed.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.
NICE (Nasdaq:NICE) is the worldwide 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.