NICE Actimize Recognized as a Leader in Enterprise Fraud Management by Independent Research Firm, Receiving Highest Scores in Current Offering and Strategy Categories
NICE Actimize received highest scores possible in such criteria as data integration, model building, segmentation and behavioral profiles, and more.
NICE Actimize, a NICE business announced that it has been recognized as a Leader in Enterprise Fraud Management (EFM) by Forrester Research, a leading global research and advisory firm. The analyst group included NICE Actimize among the most significant vendors in the market in its recent report titled, “The Forrester Wave™: Enterprise Fraud Management, Q3 2021.”
“The Forrester Wave™ report for Enterprise Fraud Management, Q3, 2021”
NICE Actimize received the highest score possible in ten criteria in the “Current Offering” category and in ten criteria in the “Strategy” category. In the Current Offering category, NICE Actimize’s IFM-X enterprise fraud solution received the highest score possible for ten criteria including data integration, model building, segmentation and behavioral profiles, queue management, transaction types coverage, reporting, scalability: customer accounts, and scalability: number of investigators.
NICE Actimize also received the highest scores possible in criteria within the Strategy category including execution roadmap; data integration plans; data scientist workflow improvement plans; rules-based risk scoring plans; supervised machine learning plans; unsupervised and deep learning plans; model governance plans; and productized model plans.
In NICE Actimize’s vendor profile, the Forrester Enterprise Fraud Report stated, “The solution is a great fit for organizations looking for an end-to-end fraud management solution with built-in channel and transaction-specific logic.”
The Forrester report cited, “The vendor introduced its new account fraud solution as well as Xceed to uncover new fraud patterns. X-Sight Cloud analytics allows customers to use their own models for fraud detection. The vendor plans to 1) ease and speed up data acquisition and processing, 2) execute on its AI-first strategy using incremental learning and model governance improvements, and 3) use consortium data for improved fraud risk scoring.”
“As our global customers face escalating fraud scenarios, NICE Actimize continues to make substantial investments in advanced cloud and artificial intelligence-based solutions as exemplified by the recent introduction of our IFM-X and New Account Fraud solutions,” said Craig Costigan, President, NICE Actimize. “We are honored that Forrester has recognized us as a leader in this year’s Enterprise Fraud Wave report.”
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