logo
NiCE Actimize X-Sight AI Enterprise Platform Increases Modernization of KeyBank's Financial Crime Operations

NiCE Actimize X-Sight AI Enterprise Platform Increases Modernization of KeyBank's Financial Crime Operations

Business Wire2 days ago

BUSINESS WIRE)-- NiCE Actimize, a NiCE (NASDAQ: NICE) business, today announced that KeyBank has increased the modernization of its financial crime operations with the X-Sight AI Enterprise Platform, an advanced portfolio of solutions which effectively address the financial services institutions' (FIs) most pressing challenges. KeyBank is one of the nation's largest bank-based FIs.
KeyBank's objectives in its modernization were to tackle a variety of operational challenges, while enhancing overall efficiency. Now fully live with fraud and anti-money laundering capabilities, the advanced SaaS platform is designed to reduce disruptions caused by system downtime or performance issues so that KeyBank can now more swiftly resolve issues and achieve enhanced overall system reliability and a smoother, more dependable banking experience.
With built-in agility derived from NiCE Actimize's Integrated Fraud Management (IFM) system, KeyBank can now more quickly adapt workflows and implement new compliance measures in response to changing regulations and new types of fraud. KeyBank incorporated NiCE Actimize's ActOne case management capabilities into the modernized approach and additionally updated its platform with the addition of X-Sight Enterprise for Anti-Money Laundering, including CDD capabilities.
'KeyBank sought to future-proof its operations, and NiCE Actimize's advanced X-Sight AI Enterprise platform provided a seamless path,' said Amy Brady, Chief Information Officer, KeyBank. ' We were challenged by increased costs associated with manual system upgrades and patches. By replacing our previous solutions, we have ensured consistent performance and minimized system downtime, allowing the organization to respond more effectively to evolving regulatory changes.'
Explained Craig Costigan, CEO, NiCE Actimize, ' The X-Sight AI platform helps firms simplify the complexities of managing multiple deployments, providing a comprehensive view of transactions and potential risks. One significant benefit is that the platform ensures banks can utilize the most advanced capabilities without the delay of manual updates. This enables the adoption of future innovations such as advanced analytics which enhance fraud detection and regulatory compliance.'
In addition to being a NiCE Actimize customer, KeyBank also leverages NiCE's AI-powered workforce augmentation capabilities to boost operational efficiency and enhance both employee and customer experiences. By introducing forecasting and scheduling with greater automation and precision, leadership improved reporting accuracy and hit service level goals all year. The standout achievement: hundreds of 'man-hours' saved during the busiest time of the year through NiCE's self-service PTO bidding, freeing resources to optimize service, and providing employees with more flexibility.
About KeyCorp
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2025.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
About NiCE Actimize
As a global leader in artificial intelligence, platform services, and cloud solutions, NiCE Actimize excels in preventing fraud, detecting financial crime, and supporting regulatory compliance. Over 1,000 organizations across more than 70 countries trust NiCE Actimize to protect their institutions and safeguard assets throughout the entire customer lifecycle. With NiCE Actimize, customers gain deeper insights and mitigate risks. Learn more at www.niceactimize.com.
About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE's platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.
Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Costigan, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the 'Company'). In some cases, such forward-looking statements can be identified by terms such as 'believe,' 'expect,' 'seek,' 'may,' 'will,' 'intend,' 'should,' 'project,' 'anticipate,' 'plan,' 'estimate,' or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company's growth strategy; success and growth of the Company's cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company's dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the 'SEC'). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Company's Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Should You Buy Nvidia Before June 25? Here's What History Says (and It May Surprise You).
Should You Buy Nvidia Before June 25? Here's What History Says (and It May Surprise You).

Yahoo

timean hour ago

  • Yahoo

Should You Buy Nvidia Before June 25? Here's What History Says (and It May Surprise You).

Artificial intelligence (AI) powerhouse Nvidia recently impressed investors with soaring revenue that beat analysts' estimates. The stock climbed in the weeks following the report. Investors are closely watching Nvidia CEO Jensen Huang's comments about future prospects for the company and the general AI market. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has been one of the stock market's biggest movers and shakers in recent times. This is because the company plays a key role in a technology that has garnered everyone's attention: artificial intelligence (AI). Nvidia's chips power the training of models that set AI into action, and AI could change the world in much the same way the internet did several years ago. That's why investors have piled into Nvidia stock and have closely tuned in to anything the company's chief executive officer Jensen Huang has said. These comments offer us some visibility on what's ahead for the company -- and even the entire industry. So, it's not surprising that, often, after an Nvidia event, the stock will react. As we look at the calendar, it tells us that one such event is right around the corner. On June 25, Nvidia holds its annual meeting of stockholders. Should you buy the stock before then? History has something to say -- and it may surprise you. Before we get started, let's talk about Nvidia's most recent big moment, and that was the company's first-quarter earnings report on May 28. Nvidia wowed investors once again, as revenue soared 69% to more than $44 billion, surpassing analysts' estimates -- and importantly, the company spoke of ongoing strong demand for its new Blackwell architecture. The platform was designed specifically with inferencing in mind, a smart move considering that is the area of focus for many AI customers. Inferencing is the "thinking" process that results in AI coming up with answers to complex questions, and this requires significant power. "We're off to the races," Huang said during the earnings call, signaling much more growth lies ahead. Nvidia stock climbed in the post-earnings trading session, and though it fluctuated on certain trading days, it delivered a gain of about 6% in the two weeks following the report. Now, let's consider the upcoming shareholders' meeting. The company recently released the agenda, which includes items of business such as the election of directors nominated by the board of directors, advisory approval of executive compensation, and several other matters. These don't stand out as elements that will push the stock higher or lower, though any comments from Huang about the company's prospects could act as a catalyst. What does history show us about Nvidia's stock performance after a shareholders' meeting? As the chart shows, the stock fell in the days following last year's meeting, then went on to rebound in the weeks to follow. Nvidia followed a similar pattern in 2023. And in 2022, the stock also fell following the meeting, but didn't go on to recover so quickly -- in fact, Nvidia delivered a double-digit loss from that point through the end of the year. So it might seem surprising that, in spite of Nvidia's earnings and general message being positive over the past few years, the stock actually fell after each shareholder meeting. It's important to keep in mind, though, that this likely isn't a result of anything said or decided at the annual event. At this point in Nvidia's growth story, investors react to new or extremely strong messages from Huang -- but they may not reward the stock with gains after a "routine" sort of event such as a shareholder meeting. Now let's get back to our question: Should you buy Nvidia before June 25? History tells us there's no need to rush into the stock on anticipation of phenomenal gains following the shareholder meeting. But this doesn't mean Nvidia isn't a buy. The company has built a market-leading position and should maintain this thanks to its commitment to innovation. That makes Nvidia stock a fantastic addition to any AI portfolio, but you don't have to rush into it -- whether you buy Nvidia now or after the meeting, you have a great chance of winning over the long haul. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Should You Buy Nvidia Before June 25? Here's What History Says (and It May Surprise You). was originally published by The Motley Fool 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

Elon Musk's X down for thousands of US users, Downdetector shows
Elon Musk's X down for thousands of US users, Downdetector shows

Yahoo

time2 hours ago

  • Yahoo

Elon Musk's X down for thousands of US users, Downdetector shows

(Reuters) -Elon Musk's X was down for thousands of users in the U.S. on Saturday, according to outage tracking website There were more than 6,700 incidents of people reporting issues with the social media platform as of 06:07 p.m. ET, Downdetector showed, which tracks outages by collating status reports from a number of sources. Downdetector's numbers are based on user-submitted reports. The actual number of affected users may vary. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten

1 Beaten-Down Stock Down 99% That's Still Not Worth Buying
1 Beaten-Down Stock Down 99% That's Still Not Worth Buying

Yahoo

time3 hours ago

  • Yahoo

1 Beaten-Down Stock Down 99% That's Still Not Worth Buying

Canopy Growth has lost almost all of its market value in the past five years. The company's prospects remain dim, and its financial results are unimpressive. There's hardly any good reason to expect the stock to recover. 10 stocks we like better than Canopy Growth › Canopy Growth (NASDAQ: CGC) emerged as a leader in the cannabis industry when Canada legalized recreational, adult use of the substance in 2018. Investors had high hopes for the company and the rest of the market but, unfortunately, these hopes have now evaporated. Over the past five years, Canopy Growth has lost 99% of its value, and the company's shares now trade for under $2 apiece. Yet the stock remains unattractive. Here's why. Canopy Growth has a deep footprint in the Canadian cannabis market, encompassing both recreational and medical sectors, but the company's business extends far beyond this neighbor to the north. The pot grower has significant international operations, notably through Storz & Bickel, a subsidiary that manufactures and markets vape devices in various countries. Canopy Growth's suite of products spans dried flower, vapes, pre-rolls, oils, cannabis-infused drinks, and more. Despite having a significant worldwide footprint and a vast portfolio, the company has faced substantial headwinds. The cannabis market remains severely regulated, even in Canada, where laws are more lax. Never mind in other countries like the U.S., where the substance remains illegal at the federal level. Further, the perception that the pot market would become far more lucrative following Canada's decision to legalize weed created a bit of a gold rush, leading to stiff competition and oversupply problems in the market. Although Canopy Growth remained one of the more notable players throughout all this, that's not saying much, considering how poorly the industry has performed over the past five years. Meanwhile, the company's financial results remain horrendous. On May 30, Canopy Growth reported its financial results for the fourth quarter of its fiscal year 2025, ending on March 31. Though the company's cannabis revenue in Canada increased by 4% year over year, Canopy Growth's net revenue was 65 million Canadian dollars, down 11%, compared to the year-ago period. The pot grower's performance in international markets negatively impacted its overall performance. Elsewhere, Canopy Growth remains deeply unprofitable. Its net loss per share for the period was CA$1.43, much worse than the CA$1.03 loss per share it reported in the year-ago period. Canopy Growth tried to put a positive spin on its financial results. It pointed to its decreasing total debt by 49% during its fiscal year 2025. The pot grower continues to try to cut costs and improve profitability. Management also expects to reach positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in "the near term" and to become free-cash-flow positive "over time." Bulls could point to potential long-term opportunities, as Canopy Growth has a presence in the U.S. cannabis market. If the substance does become legal at the federal level in the country, it could hit the ground running and become a leader in what would be the largest marijuana market in the world. However, investors shouldn't fall for it. Canopy Growth's goal to reach positive adjusted EBITDA in the "near term" is just hopeful enough and vague enough to be materially meaningless for the purposes of rendering its prospects more attractive. Even if it does achieve that goal, that still wouldn't make it profitable on an adjusted basis, let alone on a generally accepted accounting principles (GAAP) basis. Maybe that wouldn't be a massive issue if Canopy Growth was growing its revenue at a good clip. Plenty of companies that are reporting losses on the bottom line can be attractive investments, but there's little else going in Canopy Growth's favor to justify buying the stock right now. No one can predict when or whether pot will become legal at the federal level in the U.S. Even if it does, that might not solve the company's issues, the same way regulatory progress in Canada didn't lead to automatic success. In short, even if its stock is trading below $2 per share, Canopy Growth doesn't look like an attractive stock to buy. Investors should steer clear of the company. Before you buy stock in Canopy Growth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Canopy Growth wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 1 Beaten-Down Stock Down 99% That's Still Not Worth Buying was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store