NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) unit NICE Actimize will supply First Hawaiian Bank with its Actimize Enterprise Risk Case Manager to support the bank’s enterprise-wide financial crime strategy. NICE did not disclose the size of the deal.
First Hawaiian Bank is a wholly-owned subsidiary of BNP Paribas SA (Euronext: BNP). It is already a NICE customer, using the NICE Actimize’s anti-money laundering solution to identify and report suspicious transactions related to money laundering and terrorist financing, to meet current regulations, and adapt to the evolving regulatory environment.
NICE Actimize president and CEO Amir Orad said, "Financial institutions of all sizes are recognizing that effective enterprise-wide financial crime management is one of the single biggest factors affecting loss prevention and operational efficiency in today’s financial institutions."
NICE's share price fell 0.3% by mid-afternoon on the TASE today, after closing at $35.19 on Nasdaq on Friday, giving a market cap of $2.17 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on February 21, 2012
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