NICE Actimize, a technology platform for financial institutions enabling them to automate antifraud efforts and AML compliance recently announced it would integrate AI agents into the platform to help users predict and root out financial crime more efficiently.
The company, based in Hoboken, N.J., said the AI agents will more fully automate operations including alert triage, backlog categorization and high-risk case summarization enabling users to act faster to protect their banking customers from fraud losses while reducing false positives and raise their ability to recognize and report money laundering.
“Bad actors are not only exploiting the accessibility of modern banking but also leveraging AI and generative AI to accelerate and enhance the sophistication of their schemes,” explained Craig Costigan, CEO of NICE Actimize. “This has dramatically increased the pace and complexity of detecting fraud and financial crime, leaving financial institutions overwhelmed by rising alert volumes and false positives. Xceed AI agents represent a new paradigm for financial institutions empowering them to think bigger, act faster, and stay ahead of the curve in a world that demands constant vigilance and adaptability.”