NICE Actimize Positioned As Overall Technology Leader in the 2020 Quadrant Knowledge Enterprise Fraud Management Report
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as the overall global Technology Leader in its recently released report titled "SPARK Matrix™: Enterprise Fraud Management (EFM), 2020". The Quadrant Knowledge Solutions research report, which provided competitive analysis and a ranking of 13 enterprise fraud management vendors in the form of its proprietary SPARK Matrix, scored NICE Actimize highest across Technology Excellence and Customer Impact performance metrics.
The Quadrant Knowledge EFM report, positioning NICE Actimize as the "clear leader in the 2020 SPARK Matrix of the enterprise fraud management market" cited numerous strengths, noting, "NICE Actimize offers robust data integration and real-time fraud detection, advanced AI/ML capabilities, model governance, performance and scalability. The company continues to make investments with a strategy and vision to offer autonomous fraud management solutions."
The report also stated, "Their industry-leading integrated fraud management platform, IFM-X, provides a cross-channel/cross-payment, end-to-end fraud management hub. The platform offers robust data management, advanced analytic engines, and strategy and investigation management capabilities. With IFM-X, data ingestion is simplified, analytics are agile, and financial services organizations' fraud operations teams are able to work smarter, rather than harder."
"The growing complexity of fraud attacks, particularly in a year impacted by the COVID-19 pandemic, requires increasing sophistication in enterprise fraud management," said Craig Costigan, CEO, NICE Actimize. "IFM-X, our robust enterprise fraud management platform which provides real-time fraud detection, minimizes losses, and improves customer experience, has driven our market success. We continue to make significant investments in machine learning, data management, and advanced analytics that further enhance our fraud management platform."
Quadrant Knowledge Solutions' SPARK Matrix provides a snapshot of key market participants and a visual representation of their positioning, along with strategic insights on how each vendor ranks related to their competitors along several axes representing a range of performance parameters coinciding with technology excellence and customer impact. These coordinates are then used to create the final SPARK Matrix.
To download a complimentary copy of the Quadrant Knowledge "SPARK Matrix™: Enterprise Fraud Management (EFM), 2020", click here.
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