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What is NICE Actimize Xceed AI FRAML?

Xceed, created by NICE Actimize, represents a cutting-edge platform for managing financial crime risks, utilizing artificial intelligence to merge fraud prevention, anti-money laundering (AML) compliance, and investigative processes into a seamless, real-time system that incorporates continuous machine learning and behavioral analytics, thus equipping banks, credit unions, and other financial institutions to proactively address emerging threats. This platform harnesses advanced AI algorithms that are expertly trained on diverse financial crime data, along with omnichannel fraud detection features that monitor multiple transaction types, such as accounts, mobile and online interactions, payments, ACH, wire transfers, checks, and P2P transactions, while strategically prioritizing alerts based on risk assessments to lower the incidence of false positives and alleviate operational burdens. Furthermore, Xceed includes AML Evidence Lake components aimed at enhancing graph-based link analysis, allowing for customizable Know Your Customer (KYC) and Customer Due Diligence (CDD) workflows, evidence retention, and automated preparation of Suspicious Activity Reports (SARs), which empower compliance teams to investigate relationships and scrutinize suspicious activities with improved efficiency and precision. In a financial environment that is becoming increasingly intricate, the amalgamation of these technologies significantly bolsters organizations' risk management capabilities. Ultimately, the comprehensive nature of Xceed makes it an invaluable asset for any institution seeking to navigate the challenges of financial crime.

What is FICO Identity Resolution Engine?

The FICO® Identity Resolution Engine thoroughly investigates various and separate data sources to uncover links between individuals, locations, and events that could indicate fraudulent behavior and money laundering. Utilizing sophisticated fuzzy matching algorithms significantly enhances its ability to detect anomalies, while graph analytics offer real-time visual representations of connections between accounts, applicable both during and after transaction recording. By integrating multiple data points within a single application, it effectively connects them with other applications and accounts, even if the relationships are indirect. The system automates ongoing analysis of accounts based on their risk profiles, enabling it to uncover connections that may only surface after transactions take place. Additionally, it proactively identifies and prioritizes organized fraud and criminal activities through predictive analytics focused on relationships. With capabilities to perform federated searches across raw data and implement intricate link analysis, it utilizes advanced querying tools alongside visual link charts to deepen the understanding of the data ecosystem. Consequently, the FICO® Identity Resolution Engine plays a critical role not only in detecting fraudulent activities but also in facilitating the continuous investigation of such behaviors, ensuring a robust approach to financial security.

Media

Media

Integrations Supported

NICE Actimize X-Sight

Integrations Supported

NICE Actimize X-Sight

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

NICE Actimize

Date Founded

1999

Company Location

United States

Company Website

www.niceactimize.com/xceed

Company Facts

Organization Name

FICO

Date Founded

1956

Company Location

United States

Company Website

www.fico.com/en/products/fico-identity-resolution-engine

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

Categories and Features

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