First Tech Federal Credit Union, a $9.4 billion financial institution, serves many of the world’s leading technology companies and their employees.

NICE Actimize Essentials is a software-as-a-service (SaaS) created to meet end-to-end anti-money laundering and fraud detection requirements, providing multiple best-of-breed modules that detect and score a range of banking activity, including transaction monitoring, customer due diligence, watch list filtering, and Suspicious Activity Report (or SAR) filings.

NICE Actimize Essentials also offers integrated case management capabilities that feature pre-defined workflows and checklists, as well as pre-defined users and roles. This highly secure cloud-based software as a service combines behavioral analytics and a rules engine to enable accurate and efficient detection of money laundering and fraud activities.

“As an institution with a discerning, technologically sophisticated member base, it’s vital that our First Tech team engages with a financial crime solutions provider like NICE Actimize who can grow with us and manage our requirements across both anti-money laundering and fraud-related concerns,” said Joseph Harrison, Vice President, Compliance, First Tech Federal Credit Union. “With NICE Actimize’s industry-proven experience, we are confident that this strategy will enable us to meet the demanding requirements of regulators.”

“Many solutions built for credit unions don’t effectively scale as their needs evolve, while others are too costly or cumbersome for their operations,” said Cenk Ipeker, Head of NICE Actimize’s Cloud business. “NICE Actimize Essentials offers the functionality, depth and upward growth capability necessary for those institutions to grow and protect their investment in fighting financial crime.”