Partnering with the X-Sight Marketplace, Q6 Cyber Will Offer E-Crime Intelligence That Proactively Identifies and Prevents Fraud, Data Theft, and Other Financial Crimes
Helping financial services organizations keep up with a changing market landscape, NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, announced that Q6 Cyber, a leading provider of e-crime intelligence, 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.
Q6 Cyber Joins NICE Actimize’s X-Sight Marketplace, the Industry’s First Financial Crime Management Ecosystem.
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 introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.
Q6 Cyber’s cutting-edge proprietary technology monitors the “Digital Underground” – a vast universe of online sites, marketplaces, communities, and forums where hackers, fraudsters, and cybercriminals operate and interact. The company’s 24×7 coverage includes not only the DarkWeb and DeepWeb, but also malware networks, botnets, and other cybercrime infrastructure. Led by veterans of leading intelligence agencies with decades of experience in the dark corners of cyberspace, Q6 Cyber delivers timely, targeted, and actionable intelligence that enables financial institutions to substantially reduce fraud losses, data breaches, and other financial crimes.
Innovative technology and intelligence providers such as Q6 Cyber 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.
Integrating intelligence from Q6 Cyber into NICE Actimize Integrated Fraud Management Platform, IFM-X, helps financial service organizations build a wider threat intelligence model to prevent more fraud and provide a good customer experience. Use cases include optimizing fraud detection models with newly discovered attack vectors, proactively updating authentication processes for known compromised entities and improving Common Point of Purchase (Compromise) detection.
“Q6 Cyber is excited to develop this partnership with NICE Actimize as we bring our proactive e-crime intelligence solution and proven business value to financial services organizations and others looking to bolster security and anti-fraud capabilities,” said Eli Dominitz, Founder and Chief Executive Officer, Q6 Cyber. “There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community with our own philosophy. With cybercrime on the rise, this is a perfect opportunity to help the financial community protect both its own and its customers’ assets. We look forward to building our presence within this innovative community platform.”
“We are excited that Q6 Cyber shares our common goal of fighting financial crime through the benefits of a marketplace ecosystem and is partnering with us to introduce its unique e-crime intelligence expertise to our 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.