Partnering with the X-Sight Marketplace, WorldWatch Plus will offer capabilities around content gathering and data to improve customer due diligence processes
Helping financial services organizations keep up with a changing market landscape, NICE Actimize, a NICE business and the leader in autonomous financial crime management, announced that WorldWatch Plus 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.
WorldWatch Plus®, known for its AI-powered KYC & Risk Management Content Solutions, will offer Sanctions, Watch List, PEP, and Adverse Media content solutions to the X-Sight Marketplace community. The WorldWatch Plus® tool will use AI and machine learning to bring the NICE Actimize marketplace community strong capabilities around gathering content for an improved detection process. NICE Actimize customers could utilize this capability to improve their CDD processes in conjunction with the recent release of CDD-X.
Technology providers such as WorldWatch Plus®, 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.
“WorldWatch Plus® appreciates this partnership with NICE Actimize as we bring innovation and business value to financial services organizations looking for a faster selection and assessment process that innovate and bolster their financial crime operations,” said Chuck Papageorgiou, CEO at WorldWatch Plus. “There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community and WorldWatch Plus®. We look forward to building our presence on this innovative community platform.”
“We are excited that WorldWatch Plus®, 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.