NICE Actimize, a NICE business and leader in Autonomous Financial Crime Management, announced that it has added two new partners offering significant anti-money laundering and data intelligence capabilities to its X-Sight Marketplace, the first financial crime and compliance ecosystem that connects financial services organizations with data, applications, tools and service providers, providing both the value of choice and the ability to reduce integration timelines.
The two new partners offering customized solutions for the X-Sight Marketplace include Acuris Risk Intelligence, a provider of data intelligence for anti-money laundering, anti-corruption and cybersecurity; and Sayari Labs, a leading provider of beneficial ownership and financial intelligence in emerging, frontier, and offshore jurisdictions.
The two new Marketplace partner organizations offer the following unique capabilities:
Acuris Risk Intelligence, a supplier of proprietary data on PEPs, sanctions and AML data for due diligence and compliance, combines a world-class dataset – that also includes fraud and cybersecurity content – with expert analysts and state-of-the-art technology to help manage risk effectively. Clients access its intelligence via a SaaS platform, or via API and feed technology, therefore risk protection is built into the way they operate.
The company’s focus areas include third-party and anti-corruption risk, AML and KYC due diligence and monitoring, and the proactive detection of cybersecurity risk.
“A chief concern to financial services organizations is the high cost and effort of compliance and risk data management. Acuris Risk Intelligence offers highly effective solutions to break down that barrier and create a world where business relationships are safe by default. We are excited to bring these innovations to the NICE Actimize X-Sight Marketplace,” said Joel Lange, Managing Director, Acuris Risk Intelligence.
Sayari Labs provides data intelligence platforms to power the fight against financial crime, increases corporate transparency in high-risk places, and supports critical national security mission sets. Sayari Graph is the first purpose-built platform for navigating the complexity of global commercial relationships, allowing for a complete picture of customers, vendors, and third parties, all while maintaining provenance back to primary source documents. Graph enables users to quickly navigate complex, cross-border corporate structures with network visualizations powered by custom graph-based matching and entity resolution models, built on a foundation of investigative and regional domain expertise.
The company’s products are delivered as a multi-tenant cloud application with an intuitive user interface, REST API, data feeds, and on-prem deployment models. “Time and accuracy are critical components particularly in AML and financial crime, and our intelligence solutions are designed to quickly provide insights in opaque and hard target countries where securing data is often difficult or nearly impossible. We look forward to developing relationships with customers in the NICE Actimize X-Sight Marketplace who would benefit from our ability to provide swift and accurate identity intelligence,” said Benjamin Power, COO, Sayari Labs, Inc.
“Change in financial crime has been both constant and rapid, and the industry has clearly demonstrated its need for immediate access to advanced financial crime-solving solutions, particularly in fraud and anti-money laundering,” said Craig Costigan, CEO, NICE Actimize. “The X-Sight Marketplace continues to meet this challenge by offering specialized capabilities that provide time to value, and a single, unified, cost-effective way for FSOS to rapidly innovate while supporting best-in-class financial crime, risk and compliance management capabilities. With the continuing growth and expansion of the X-Sight Marketplace, partners such as Acuris Risk Intelligence and Sayari Labs support these requirements.”
NICE Actimize’s X-Sight Marketplace currently has nearly 40 partners in its growing ecosystem, with offerings addressing such categories as customer & counterparty intelligence, data management, device & channel intelligence, identity verification, screening & adverse media, user authentication & fraud, CDD/KYC, transaction monitoring, and alert & case management.