NICE Actimize Partners with Alacra

In a bid to create an advanced and innovative customer risk assessment tool, NICE Actimize has joined hands with Alacra, Inc., a provider of online business information solutions. The tool will be formed by integrating Alacra Compliance Enterprise (ACE) and Alacra's Reference Data Platform with NICE Actimize's Customer Due Diligence (CDD) anti-money laundering solution.

The combined solution will help companies investigate high risk customers in real-time. Leveraging the data sources, the solution will evaluate internal and external risks by monitoring the latest breaking news, as well as client defined lists. The solution will also feature additional data auto-population technology which will enable financial institutions to seamlessly onboard corporate and individual customers.

"Our customers and industry regulators have been demanding a more integrated tool to assess risk within their customer base," said Joe Friscia, president, NICE Actimize, in a press release. "By combining NICE Actimize workflow and analytics functionality with the know-your-customer, reference data tools from Alacra, we have created one of the industry's most advanced and comprehensive risk assessment tools."

NICE Actimize is a provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. The company experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance.

In related news, NICE and Truphone (News - Alert), the global mobile network, recently announced that they have successfully integrated the cellular carrier's mobile recording service with the NICE Trading Recording (NTR) system.

This partnership will enable clients to have an integrated solution to comply with the newest international cellular record keeping regulations, including FCA in the U.K. and Dodd-Frank in the U.S. These rules mandate that financial institutions capture, store and retrieve mobile communications that relate to specific trades in the U.K. and U.S.