Facebanx joins NICE Actimize’s X-Sight marketplace
11 July 2019 17:21 GMT

NICE Actimize, a NICE business and leader in autonomous financial crime management, today announced that Facebanx has joined the X-Sight Marketplace, the industry’s first financial crime risk management-focused ecosystem designed to assist financial services organizations evaluate new point solutions and move to stay on top of a challenging regulatory and criminal environment.

The X-Sight Marketplace leverages the X-Sight Platform-as-a-Service and further expands the functionality offered by the platform. The NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to rapidly innovate and to introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.

Facebanx, known for its unique live streaming technology for biometric onboarding, will offer the X-Sight MarketPlace community the ability to leverage biometrics and ID document analytics that restrict the ability of fraudsters to create false accounts. NICE Actimize customers could utilize this capability to meet the changing regulatory requirements within their digital Identification and strong customer authentication processes. This will enable a more secure customer onboarding process.

Technology providers such as Facebanx, that partner with NICE Actimize’s X-Sight Marketplace ecosystem, are reviewed for their ability to complement financial crime and compliance solutions. Once approved, software and service providers become available to the NICE Actimize community via the X-Sight Marketplace. FSOs can quickly browse through X-Sight Marketplace solution categories to find scalable options that solve their unique business problems.

“Facebanx appreciates this partnership with NICE Actimize as we bring innovation and business value to financial services organizations looking for a more secure onboarding process that innovates and bolsters their financial crime operations,” said Matthew Silverstone, CEO of Facebanx. “There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community and Facebanx. In the light of the latest requirements for Strong Customer Authentication within PSD2, this is a perfect opportunity to help the community meet their regulatory requirements. We look forward to building our presence within this innovative community platform.”

“We are excited that Facebanx, who shares our common goal of fighting financial crime through the benefits of a Marketplace ecosytem, is partnering with us and joining the X-Sight Marketplace community,” said Craig Costigan, CEO, NICE Actimize. “By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.”

Additional categories that will be added to NICE Actimize’s X-Sight Marketplace from other partner participants will include: ID Verification, Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud. Additional partners will be announced as the X-Sight Marketplace grows.

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