Nice Actimize, a Nice Systems (Nice) business and the largest and broadest provider of financial crime, risk and compliance solutions for the financial services industry, announced today that it has been selected by KeyBank NA to protect the bank’s next generation mobile banking functionalities using Nice Actimize’s Integrated Fraud Management (IFM) solutions.
KeyBank NA, a wholly-owned subsidiary of KeyCorp (KEY), is one of the largest bank-based financial services companies in the U.S. The NICE Actimize solutions will roll out across all of KeyBank’s operations throughout its twelve state network.
KeyBank’s investment in NICE Actimize’s enterprise solutions expands KeyBank’s existing fraud detection and prevention coverage. KeyBank’s investment will allow its consumer and business customers to securely access mobile banking channels and applications, as well as transaction types, such as Person-to-Person (P2P) and Mobile Remote Deposit Capture (MRDC). KeyBank also invested in the NICE Actimize Analytics Authoring Environment, which will allow the bank’s strategy teams to independently develop predictive fraud analytics models to stay ahead of emerging threats.
“KeyBank is committed to investing in technology and systems that offer cross-channel fraud monitoring while meeting mobile banking clients’ evolving needs,” said Walter Demczar, senior vice president and director of Enterprise Security Services, KeyBank. “We believe an enterprise-wide approach to detecting and preventing fraud is essential to our strategy of increasing our digital capabilities.”
“We are happy to extend our fraud fighting partnership with KeyBank with continued support of its enterprise approach to fraud management,” said Erez Zohar, Global Vice President & General Manager, Fraud & Cybercrime Management Solutions. NICE Actimize. “We are pleased that KeyBank has selected our industry-leading platform and solutions to help them invest in future growth.”