Financial Crime Fighters Provide Peace of Mind and Protection
Customer Company Size
Large Corporate
Country
- United States
Product
- Logi Report Server Live
- Logi Report Dashboard
- Logi Report Designer
- Enterprise Risk Case Manager
Tech Stack
- Java
- Analytics Intelligence Server
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
- Customer Satisfaction
- Digital Expertise
Technology Category
- Application Infrastructure & Middleware - Data Visualization
- Analytics & Modeling - Predictive Analytics
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Finance & Insurance
- Software
Applicable Functions
- Business Operation
- Quality Assurance
Use Cases
- Fraud Detection
- Regulatory Compliance Monitoring
- Remote Asset Management
Services
- Software Design & Engineering Services
- System Integration
- Training
About The Customer
NICE Actimize is a leading global provider of enterprise software solutions for anti-money laundering, enterprise fraud prevention, and regulatory compliance. The company serves eight of the top ten financial services organizations, as well as regulatory and government agencies. NICE Actimize provides surveillance and compliance monitoring for over US$8 trillion in assets. Their solutions help mitigate risk by providing a unified dashboard that enables customers to assess business exposures, identify irregular events and workflows across the enterprise, and improve insight into customer behaviors. The company’s solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies.
The Challenge
NICE Actimize faced the challenge of providing top-notch actionable intelligence for financial institutions to detect fraud and alert executives to potential criminal activities. The company needed to customize reports to ensure financial institutions remained compliant with regulations. Their proprietary solution required continuous operation in the background to seek out suspicious activity over time and across multiple transactions. However, it struggled to keep up with the demands for complex conglomerations of disparate data. The company needed a scalable, integrated reporting and dashboard tool capable of reliably accessing multiple data sources and enabling users to visualize the information easily for faster and better decision-making.
The Solution
NICE Actimize leveraged Logi Report to help compliance officers and business managers understand patterns to fine-tune their crime detection efficiencies. Logi Report assists with workload optimization by allowing managers to easily access on-demand statistics for providing oversight. The solution integrates seamlessly into NICE Actimize’s existing anti-fraud and regulatory compliance software architecture. Logi Report’s advanced visualization capabilities help identify suspicious activity over time and across multiple transactions, geographies, and business entities. The drag-and-drop interface enables customers to rapidly create interactive, actionable charts with side-by-side comparisons and dynamic filtering for richer data analysis and faster decision-making. As a Java-based solution, Logi Report embeds right into NICE Actimize’s front-end UI for a seamless user experience. It ties effortlessly into virtually any data source and can mashup information from multiple data sources simultaneously, enabling developers to deliver concise views of disparate fraud mitigation data in a single report or dashboard.
Operational Impact
Quantitative Benefit
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