NICE Actimize, a company that makes fraud management software, has released a new AI-powered tool to help banks and financial institutions investigate fraud more efficiently. This tool is designed to make the entire fraud process smoother, from detecting fraud to investigating it.
By using AI, the tool helps banks save time and money by automating tasks and managing fraud cases more easily. It works with NICE Actimize’s current fraud management system and helps banks meet customer needs and follow regulations. The tool also simplifies claims management, refunds, and filing suspicious activity reports (SARs).
Craig Costigan, the CEO of NICE Actimize, said that investigating fraud is important for stopping future fraud, not just for dealing with the fraud that has already happened.
Source: corporatecomplianceinsights
