Security News > 2021 > February > NICE Actimize New Account Fraud solution delivers advanced detection capabilities powered by AI

Delivering advanced detection capabilities powered by artificial intelligence, NICE Actimize's New Account Fraud solution takes a comprehensive and fully connected approach that directly addresses fraud loss manifested by stolen and synthetic identities as well as other fraud schemes associated with the act of opening an account.

From account origination to both early and ongoing account monitoring, NICE Actimize's New Account Fraud solution detects and prevents fraud across the customer's lifecycle.

The solution is designed to work exclusively and seamlessly with IFM-X, NICE Actimize's industry-leading enterprise fraud platform that delivers advanced detection capabilities powered by artificial intelligence and machine learning.

The NICE Actimize New Account Fraud solution also allows organizations to safely reduce new account application friction as well as false positive application rejections to more fully realize online and mobile customer channel acquisition potential.

Identity risk scores and associated data are seamlessly connected into the new account monitoring solution for specialized ongoing monitoring using advanced AI and adaptive analytics for high accuracy new account fraud prevention.

"NICE Actimize's advanced AI-driven New Account Fraud solution supports FSOs by providing a seamless and cost-effective solution that addresses the challenges reflected in the advancement of new fraud scenarios," said Craig Costigan, CEO, NICE Actimize.

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