Actimize upgrades Case Manager
17 December 2007 | 1929 views | 0
Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company, today announced a new enterprise edition of its Case Manager product.
The solution includes risk-focused, out-of-the-box functionality to integrate enterprise-wide risk related data, incidents, alerts, workflows and other activities focusing primarily on anti-money laundering (AML), fraud detection and compliance cases. The offering enables Actimize to introduce a new simplified, fixed pricing model with unlimited users and fixed deployment and professional services costs.
Working closely with its customers over the past 18 months, Actimize identified and addressed market demand for several key extended case management features. In response, the company introduced an enhanced and combined enterprise edition of its product -- a risk-focused case manager with out-of-the-box, predefined libraries and broader self-design capabilities. Actimize aims to ease the adoption of such tools by simplifying the industry's pricing model and offering an unlimited number of users for both a fixed software license and a fixed professional services cost, which leads to faster configuration and deployment and faster time to value.
Neil Katkov, managing director of Celent, said: "Large financial institutions are merging AML and fraud investigation groups into one unit for a global view of this type of operational risk. An off-the-shelf, system-agnostic platform is one effective way to accomplish this."
The Actimize Risk Case Manager, Enterprise Edition aggregates cases and alerts from a wide range of sources including manual entries, third-party AML and fraud applications, legacy and homegrown systems and multiple databases, into one central location. Using Actimize's proven analytics capabilities for automated link analysis that pull together, connect and prioritize relevant alerts, the solution significantly improves productivity and enterprise-wide investigations. These cases and work items can then be accessed and investigated in a collaborative, interactive environment using the Actimize tools.
"Financial institutions consistently express concern that most enterprise case management projects require too many IT resources and take longer than promised to configure for specific businesses and exceed budget," says Amir Orad, CMO of Actimize. "Combining our domain expertise and market proven Case Manager technology allows us to remove uncertainty and minimize risk from successful enterprise-wide deployments. This enables clients to deploy a platform that is both focused on their immediate needs and extendable, while enjoying unmatched features, unlimited users and predefined libraries of AML and fraud detection configurations and capabilities."