London – 7th June 2022: NICE Actimize, the broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions today announced that its cloud-based Xceed platform is available for purchase through Finastra’s FusionStore. Based on individualized behavior analytics with advanced machine learning, Xceed provides real-time anomaly detection with the flexibility of customer-configurable, automated intervention functionality for all wire transfers across enterprise silos, channels and products (outbound and inbound, online and offline, domestic and international).
Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers.
Seamless connectivity to Finastra’s industry-leading core technologies including Fusion Global PAYplus ensures easy integration and faster deployments. NICE Actimize’s Xceed platform is able to monitor, analyze, and calculate real-time risk scores, and automatically quarantine payments that are outside of the normal behavioral patterns for each customer. Additional solutions available in the Xceed suite allow financial organizations to monitor a wide array of financial crimes 24x7, as Xceed can autonomously analyze a variety of high-risk payments as well as all digital banking activity from log in to log out. In many cases this approach helps identify and stop risky activity before incurring financial loss. By detecting the earliest stages of a fraud attack clients are able to take action in advance of money movement.
Philip Taliaferro, Head of Partner and Fintech Ecosystem at Finastra, said, “We’re excited that NICE Actimize has joined our FusionFabric.cloud ecosystem, with the launch of its Xceed app in our FusionStore. This milestone will enable our customers around the world to access innovative apps like Xceed quickly and cost efficiently, to extend their offerings and provide better customer experience. As our fintech community continues to grow, we are pleased to welcome NICE Actimize on board.”
Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets. Visit FusionStore for more information: https://store.fusionfabric.cloud/
For further information please contact:
CAROLINE DUFF
Global Head of PR, Finastra
T +44 (0)7917 613586
E caroline.duff@finastra.com
finastra.com
About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com
About FusionFabric.cloud
FusionFabric.cloud is a scalable, open and collaborative platform built by Finastra. It brings together an ecosystem of financial institutions, core providers, developers and fintechs, as well as embedders and distributors of financial services. Financial institutions use FusionFabric.cloud to enhance efficiency, create new experiences for customers and offer services through new distributor channels as part of Banking as a Service (BaaS). Embedders and distributors can tap in to the platform to source, and integrate with, financial institutions which can quickly produce new financial products in context. fusionfabric.cloud