NICE Actimize Establishes Strategic Partnership with Tata Consultancy Companies to Broaden Markets for its Monetary Crime Options
HOBOKEN, NJ – (BUSINESS WIRE) – NICE Actimize, a NICE (Nasdaq: NICE) company, today announced a strategic partnership agreement with Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and company Enterprise Solutions, known for expanding its markets for its financial crime solutions to TCS’s broad customer base, which focuses on banking, insurance and other financial services companies.
The comprehensive range of services from TCS in the area of financial crime includes consulting, analysis, transformation and technology solutions, platform solutions and change management services. TCS continuously invests in financial crime and compliance-oriented research in order to fight financial crime, improve the associated market conformity and minimize financial and reputational risks.
Among the additional benefits of this collaboration, customer organizations get an efficient way to demonstrate innovation, improve operational efficiency, and simplify business processes. TCS will leverage its Machine First ™ approach and innovative financial crime and compliance solutions to provide end-to-end financial crime and fraud control services to financial institutions.
“The evolving typologies of financial crime, increasing violations and higher risks require financial institutions to continuously improve controls to combat financial crime. Advanced technology designs, data intervention, and digitization can enable these organizations to maintain robust defenses, ”said K Krithivasan, business group head, banking, financial services, and insurance, TCS. “The partnership between TCS and NICE Actimize will bring the right mix of domain expertise, data analysis, world-class solutions, scalability and agility to help our customers transform their financial crime control and compliance functions.”
Craig Costigan, CEO of NICE Actimize, said, “By joining forces with the TCS organization, NICE Actimize is excited to expand the presence of our financial crime solutions while offering enhanced customer support and services. We welcome the opportunity to drive our market expansion within TCS’s extensive network. ”
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has worked with many of the world’s largest companies on their transformational path for over 50 years. TCS offers an advisory, cognitive, integrated portfolio of business, technology and engineering services and solutions. This is achieved through its unique Location Independent Agile ™ delivery model, which is recognized as the benchmark for excellence in software development.
As part of the Tata Group, India’s largest multinational corporation, TCS has 500,000 of the world’s best trained consultants in 46 countries. The company had consolidated sales of $ 22.2 billion for the fiscal year ended March 31, 2021 and is listed on the BSE (formerly Bombay Stock Exchange) and NSE (National Stock Exchange) in India. TCS ‘proactive stance on climate change and award-winning work with communities around the world have earned the company a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. More information is available at www.tcs.com.
About NICE Actimize
NICE Actimize is the largest and most comprehensive provider of financial crime, risk and compliance solutions for regional and global financial institutions and government regulators. Consistently ranked number one in this field, NICE Actimize’s experts apply innovative technologies to protect institutions and protect the assets of consumers and investors by detecting financial crime, preventing fraud and ensuring regulatory compliance. The company provides real-time cross-channel fraud prevention, money laundering detection and trade surveillance solutions that address issues such as payment fraud, cybercrime, sanction monitoring, market abuse, customer due diligence and insider trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.
With NICE (Nasdaq: NICE), it’s never been easier for companies of all sizes around the world to create exceptional customer experiences while meeting key business metrics. With CXone, the world’s leading cloud-native customer experience platform, NICE is a leading global provider of AI-supported contact center software. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform and improve every customer interaction. www.nice.com.
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