NICE Actimize to deliver Xceed financial crime platform to Finastra

By Megha Bhattacharya

NICE Actimize has announced a partnership with Finastra for delivering its Xceed financial crime platform to Finastra’s customer base via its FusionFabric.cloud open innovation platform. NICE Actimize’s Xceed platform offers AML and fraud solution along with real-time behavioural analytics and machine learning capabilities.

Vincent Pugliese, SVP and General Manager, Platform at Finastra said, “We look forward to adding NICE Actimize’s advanced cloud-native integrated financial crime platform to our FusionFabric.cloud ecosystem. Together, we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of our clients – who face mounting pressure to deliver increased innovation, agility and ROI. We are excited about our partnership and believe that through the combination of our cloud-based technologies we will help our clients to deliver upon these objectives.”

According to NICE Actimize, Finastra’s clients will benefit from Xceed’s behavioural analytics across all digital payment channels and insights into an omnichannel view. Analysts can also efficiently investigate financial crime activity and perform regulatory filings, all in one interface.

“We are pleased to partner with Finastra, creating a unique combination of proven expertise with best-in-class innovation leveraging both Artificial Intelligence and the cloud, while further presenting a major opportunity to support financial services organizations of all sizes, particularly targeting the needs of mid-markets FSOs,” said Craig Costigan, CEO, NICE Actimize.

Recently, Finastra announced that NetGuardians‘ Payment Fraud Prevention app is now available on its FusionFabric.cloud open development platform. NetGuardians’ app leverages AI to detect fraudulent payments in real-time and reduce fraud losses. The NetGuardians app, available via FusionFabric.cloud, is pre-integrated with Finastra’s corporate payments, cash management and retail banking solutions: Fusion Global PAYplus, Fusion Payments To Go, Fusion Cash Management, Financial Messaging Services and Fusion Essence.