NICE Actimize, a NICE (NASDAQ:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, and Tableau Software have entered into a joint technology agreement to apply business intelligence capabilities to financial crime compliance and prevention (or “risk management”). Leveraging that partnership, NICE Actimize is launching its Visual Analytics Solution to offer powerful visualization and deeper insights into an organization’s financial crime and compliance risks.

NICE Actimize will roll out its Visual Analytics Solution’s packaged content for financial crime risk management across all of its key solutions categories, including case management, fraud, anti-money laundering and markets surveillance.

“Our customers require a faster understanding of their overall financial crime and compliance risk  through cutting-edge visualization built on top of our award-winning analytics,” says Joe Friscia, President, NICE Actimize. “By partnering with Tableau, we offer our customers the ability to translate massive amounts of financial crime and compliance data into relevant information more quickly. This in turn helps our clients to be more aware of the risks they face.”

Added Friscia, “Risk-aware organizations are better able to understand where they are exposed at any given time so they can improve operational decision-making, strategies and processes. Providing faster access to data-driven insights enables organizations to be agile as the landscape of financial crime threats and regulatory compliance evolves.”

“This emphasis on visualization brings a strong competitive edge to NICE Actimize’s industry-leading portfolio of financial crime solutions,” said Francois Ajenstat, Vice President of Product Management, Tableau. “We are pleased to bring our product and our expertise to NICE Actimize and its customers to help them uncover patterns and trends in their organizations and manage risk exposure more effectively than ever before.” 

NICE Actimize currently offers business intelligence tools such as production-style reports, data discovery tools, and APIs for third-party reporting.

Tableau, a leader in the business intelligence and data visualization space, is known for its smart dashboards, ease of use, and fast analytics that work together to combine multiple views of data for more robust insights.