NICE Actimize introduces three superior generative AI-based options aimed toward combating monetary crime and streamlining investigations and reporting processes.
The options present vital reductions in investigation time and substantial time financial savings in suspicious exercise report (SAR) submitting, enhancing effectivity in monetary crime in addition to compliance threat administration programmes.
Built-in into NICE Actimize’s ActOne enterprise threat case administration platform, they embody X-Sight AI Help and X-Sight AI Narrate, which automate handbook duties and expedite workflows, and Xceed FraudDESK CoPilot GenAI, a fraud analyst assistant generative AI chatbot enhancing operational evaluation.
“Generative AI is a robust instrument in combating monetary crime,” mentioned Craig Costigan, CEO, NICE Actimize. “Anti-money laundering, fraud, and market manipulation situations profit from the fee and time financial savings that generative AI supplies.
“NICE Actimize’s use of generative AI companies present a monumental step ahead in serving to monetary establishments evolve monetary crime and compliance applications and tackle their rising prices.”
Generative AI strategy
NICE Actimize options generative AI capabilities in each its X-Sight and Xceed platforms:
- X-Sight AI Narrate intelligently synthesises suspicious transaction information in addition to investigation intelligence producing coherent, complete, and compliant SAR narratives, rushing up SAR filings by as much as 70 per cent
- X-Sight AI Help summarises, analyses, and enriches alerts and circumstances, assembly every establishment’s distinctive wants whereas offering pertinent data and steerage to grasp effectivity features of as much as 50 per cent.
- Xceed FraudDESK CoPilot handles the repeatable, tedious, labour-intensive points of alert triage, prioritisations, and case narrations, offering unprecedented effectivity features of as much as 80 per cent for mid-market banks and credit score unions.
