NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced the launch of X-Sight, an advanced machine-learning based Platform-as-a-Service designed to power the industry’s first financial crime risk management marketplace. Focused on operational agility, the NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to continuously improve their financial crime, risk and compliance management investments while accommodating rapid innovation and ongoing technology updates.

Marking another milestone in NICE Actimize’s Autonomous Financial Crime Management strategy which is focused on targeted utilization of big data, and advanced analytics everywhere, the X-Sight Platform-as-a-Service augments trusted on-premise deployment and works seamlessly toward cloud adoption. This process thereby enriches the operational investment a financial services organization may have today, while moving to a future in the cloud.    

NICE Actimize X-Sight provides machine-led detection, decisioning and self-learning capabilities that can adapt and scale to meet the needs of any financial services organization‘s operations through an open, services-based architecture built on the cloud.

With NICE Actimize X-Sight, financial services organizations can accelerate their journey to the cloud proceeding as their organization’s specialized needs and product roadmaps may require. Moreover, by leveraging the X-Sight solution marketplace’s best-of-breed services, and through the use of machine learning and self-learning architecture, organizations will be able to enjoy limitless collective intelligence.

“The NICE Actimize X-Sight platform-as-a-service is the vehicle to achieve full autonomous financial crime management quickly and more cost effectively than ever before possible,” said Barak Eilam CEO, NICE Actimize. “Our customers’ challenges in financial crime are specialized and proceed at different speeds. They don’t want a complex, one-size-fits-all approach to compliance management that offers no flexibility as they adapt to changing patterns in financial crime or add new solutions. The platform-as-a-service architecture of X-Sight means that customers can choose or build the right solutions to resolve their problems without the burden of a long, difficult deployment and integration cycle.”