Developer of X-Sight and Xceed Platforms for AML, Fraud and Compliance Joins Forces With TCS, World’s Largest IT Services Firm
NICE Actimize, a fraud management software provider, recently announced a strategic partnership agreement with Tata Consulting Services (TCS), the largest IT services company in the world. The move is expected to expand the global reach of NICE Actimize’s suite of tools, including its X-Sight and Xceed platforms.
Mumbai-based TCS recently overtook Accenture to become the world’s largest IT services firm, and it’s valued at nearly $170 billion. By joining with TCS, Nice Actimize’s popular AML, fraud and compliance tools will gain a much wider audience of banking, insurance and other financial services organizations.
“Evolving financial crime typologies, increased transgressions and higher risk exposures require financial institutions to continuously enhance the controls for combating financial crime. Advanced technology designs, data interventions and digitalization can enable these organizations to maintain a robust defense,” K Krithivasan, TCS business group head of banking, financial services and insurance, said in a news release. “The TCS and NICE Actimize partnership will bring in the right mix of domain expertise, data analytics, world-class solutions, scale and agility to help our customers transform their financial crime controls and compliance function.”
About Tata Consultancy Services
TCS is an IT services, consulting and business solutions organization. A part of the Tata group, India’s largest multinational business group, TCS has over 500,000 consultants in 46 countries. For more information, visit www.tcs.com.
About NICE Actimize
NICE Actimize is the one of the world’s largest providers of financial crime, risk and compliance solutions for regional and global financial institutions and government regulators. The company’s suite of tools enable real-time, cross-channel fraud prevention, anti-money laundering detection and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading. Its parent company, NICE, is known for its contact center software CXone, which is used by more than 25,000 organizations in 150 countries. For more information, visit www.niceactimize.com or www.nice.com.
