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New suspicious activity monitoring solution uses AI technologies

GRC Announcements | March 12, 2018

NICE Actimize, a provider of financial crime, risk and compliance solutions for regional and global financial institutions, has launched its next-generation Suspicious Activity Monitoring (SAM) solution, which combines machine learning analytics for laser-accurate crime detection with robotic process automation.

Leveraging NICE Actimize's experience in advanced analytics and transaction monitoring solutions, the ultimate goal of SAM is to leverage intelligence and automation to reduce human effort and error, meeting regulators' requirements to detect and report sophisticated crime schemes.

Key elements of the new SAM solution also include:

  • Expert-infused machine learning: While financial crime analysts provide oversight to the process, the solution's machine learning models work to enhance detection and reduce false positives.
  • Analytics agility: Automated tuning and...
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