NICE Actimize, a business of NiCE , has announced the launch of the Actimize Insights Network, a new intelligence network designed to give financial institutions real-time visibility into counterparty risk. Built on insights drawn from its global fraud and financial crime ecosystem, the network aims to help banks prevent fraud before funds are transferred, while also strengthening governance and compliance efforts.
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Financial institutions are under increasing pressure as authorized push payment scams, business email compromise, and similar schemes continue to rise. In many of these cases, customers are manipulated into sending money to fraudulent recipients, making transactions appear legitimate and allowing them to slip past traditional fraud controls. Without visibility into counterparty risk beyond their own systems, banks are often left reacting after the damage is done.
According to Craig Costigan, financial crime today is borderless, fast-moving, and increasingly sophisticated. He emphasized that no single institution can tackle these challenges alone, noting that the Actimize Insights Network turns isolated defenses into a shared, intelligence-driven approach that enables faster and more effective crime prevention across the financial ecosystem.
Industry analysts echo this view. Trace Fooshee of Datos Insights highlighted that collaboration is no longer just a best practice but a competitive advantage. He pointed out that banks cannot combat advanced fraud in isolation and that NICE Actimize’s scale and client reach make network-based intelligence effective enough to deliver real-world impact.
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What differentiates the Actimize Insights Network is its ability to surface emerging risks and unusual patterns that would remain invisible to any single organization. By leveraging shared intelligence signals, institutions can intervene only when transactions are genuinely suspicious, while allowing legitimate payments to move quickly. This approach not only improves fraud prevention but also enhances the efficiency and effectiveness of AML investigations.
The network is designed to operate at the speed required for modern payments, supporting instant payment environments with millisecond-level response times. By enriching transactions with counterparty risk intelligence, banks gain visibility into high-risk recipients even when customer behavior appears normal, helping close long-standing scam detection blind spots.
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NICE Actimize will officially introduce the Actimize Insights Network during its February 11 and 12 launch events titled “Beyond Silos: Leveraging Network Insights to Combat Payment Scams and Money Laundering.” The sessions will feature perspectives from industry analysts and NICE Actimize leaders, offering financial institutions a closer look at how collaborative intelligence can reshape fraud and financial crime prevention.
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