This transformation program is being delivered in strategic collaboration with Infosys to address the changing fraud and regulatory risk landscape
NICE Actimize, a NiCE (NASDAQ:NICE) business, today announced that DNB Bank ASA, Norway's largest financial services group, has selected NICE Actimize X-Sight Enterprise platform to modernize its fraud and financial crime operations by leveraging an array of cloud solutions designed to address the financial institution's most pressing challenges while improving operational efficiency. This comprehensive digital transformation program is being delivered in collaboration with Infosys ((NSE, BSE, NYSE:INFY), a global leader in AI-first business consulting and technology services, and a long-time partner of both DNB and NICE Actimize.
Built for enterprise-scale performance, NICE Actimize's X-Sight platform delivers best-in-class fraud and financial crime risk management. Engineered to meet complex demands for flexibility and extensibility, X-Sight supports seamless data integration, advanced analytics, and intelligent automation, all backed by security and scalability to give organizations the ability to manage, enhance, and expand their analytics capabilities as their needs evolve.
The solutions selected for DNB's next-generation fraud and financial crime platform include NICE Actimize's Suspicious Activity Monitoring (SAM) and its Integrated Fraud Management (IFM) solutions. IFM delivers AI pervasively across all fraud prevention processes, from detection and strategy to investigations and operations, as well as enabling intelligent data orchestration. SAM will be utilized to detect money laundering activities, and together with IFM and powerful network analytics, the solutions will detect mule rings, among many benefits. Other solutions to be integrated include ActOne Enterprise Case Management, WL-X sanctions screening, Customer Due Diligence (CDD), ActimizeWatch, and X-Sight DataIQ.
As the systems integration partner, Infosys will lead the end-to-end modernization of DNB's FinCrime technology landscape, including enterprise architecture design, platform integration, and data migration. It will consolidate key functions including customer and payment screening, customer due diligence, and transaction and fraud monitoring onto a single, scalable SaaS platform with unified enterprise case management.