. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) unit Actimize is working with Unisys (NYSE: UIS) to implement a financial fraud fighting system at Bancolombia, Colombia's largest bank.
Actimize develops financial crime, risk and compliance software platforms for the financial services industry. Bancolombia is implementing Actimize ATM/Debit, Remote Banking, Wire & ACH Fraud prevention solutions.
As a strategic Actimize partner, Unisys is working on deployment of the solutions.
Actimize claims that when the system is deployed, it will monitor all types of transactions enterprise-wide, signal alerts of suspicious behavior, and block truly risky transactions.
Actimize executive VP and CMO Amir Orad said, "Fraud is a global problem that has no boundaries. Our strategic partnership with Unisys helps Actimize ensure quality deployments around the globe. "
Actimize claims the ten largest financial institutions are among its clients.
NICE shares rose 1.7% today to NIS 116.80 by late afternoon.
Published by Globes [online], Israel business news - www.globes-online.com - on November 30, 2009
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