NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) financial fraud detection unit NICE Actimize will provide KeyCorp (NYSE: KEY) with its financial crime, risk and compliance solution.
NICE said that the relationship KeyCorp has formed with NICE Actimize is significant from a financial standpoint representing a considerable investment and also from a product standpoint, as it covers multiple channels and business lines.
“This exciting relationship with NICE Actimize is an investment in our clients and their financial safety and well-being,” said Douglas Twining, director of fraud services for KeyCorp. “While Key’s current anti-fraud measures are strong, Key is making a significant investment today so that we are prepared for the changing risks that the future will likely bring.”
Cleveland-based KeyCorp reports assets of approximately $95 billion.
NICE shares were up0.19%, at $26.36, by midday in Nasdaq trading.
Published by Globes [online], Israel business news - www.globes-online.com - on July 19, 2010
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