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Digital Identity, Security & Online Fraud

Zenus Bank selects NICE Actimize AML compliance services

Thursday 12 September 2019 | 12:21 PM CET

Zenus Bank has selected NICE Actimize to establish a cloud-focused financial crime strategy for both AML compliance and enterprise fraud protections.

Zenus Bank, expected to open in the fourth quarter of 2019, is an independent, American digital bank, which aims to give those doing business in emerging economies an alternative to using local traditional banks.

Zenus Bank will initially focus on such Essentials fraud capabilities as ACH, Wire, and Debit Card fraud; and in anti-money laundering, Zenus will utilize Suspicious Activity Monitoring, Customer Due Diligence, and Watch List Filtering capabilities.

NICE Actimize’s AML Essentials, a Software-as-a-Service (SaaS) solution manages a range of banking activity across the entire KYC-AML program that include processes for customer due diligence, transaction monitoring, customer and message screening, and more. NICE Actimize Fraud Essentials is also a cloud-based solution that offers real-time fraud detection, cross-channel analysis, and multi-payment coverage, as well as extensive fraud alert and case management.

More: Link
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