Helping financial services organizations keep up with a changing market landscape, NICE Actimize announced that Jumio, a global leader in AI-powered identity verification, has joined the X-Sight Marketplace, the industry’s first financial crime risk management-focused ecosystem designed to assist financial services organizations evaluate new point solutions and move to stay on top of a challenging regulatory and criminal environment.
The X-Sight Marketplace leverages the X-Sight Platform-as-a-Service and further expands the functionality offered by the platform. The NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to rapidly innovate and to introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.
Jumio’s solutions help customers meet regulatory compliance, while reducing fraud and meeting strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, while simplifying the user experience. By leveraging Jumio’s advances with identity verification and biometric authentication, NICE Actimize clients will increase their ability to orchestrate the processes to fight financial crime in the onboarding of new customers, increase their insights in assessing customer risk, and better detect threats when assessing behavioral activities for money laundering and fraud risks.
Technology providers such as Jumio, that partner with NICE Actimize’s X-Sight Marketplace ecosystem, are reviewed for their ability to complement financial crime and compliance solutions. Once approved, software and service providers become available to the NICE Actimize community via the X-Sight Marketplace. FSOs can quickly browse through X-Sight Marketplace solution categories to find scalable options that solve their unique business problems.
“Jumio is excited to develop this partnership with NICE Actimize as we bring our unique innovation and business value to financial services organizations looking to apply advanced AI and biometrics to bolster their financial crime operations,” said Stephen Kearney, head of worldwide partnerships, Jumio. “There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community. With the increased emphasis on digital identity and KYC, this is a perfect opportunity to help the community maintain compliance. We look forward to building our presence within this innovative community platform.”
“We are excited that Jumio, who shares our common goal of fighting financial crime through the benefits of a marketplace ecosystem, is partnering with us and joining the X-Sight Marketplace community,” said Craig Costigan, CEO, NICE Actimize. “By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.”
Additional categories that will be added to NICE Actimize’s X-Sight Marketplace from other partner participants will include: Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud. Additional partners will be announced as the X-Sight Marketplace grows.