NICE Actimize, a NICE (NASDAQ: NICE) business, announced a strategic technology partnership with Sparkling Logic, a California-based provider of decision management systems, to augment NICE Actimize’s cloud native X-Sight financial crime management platform. Sparkling Logic’s advanced decision management platform is designed to bring financial institutions rapid delivery of NICE Actimize’s domain expertise with powerful self-service decision management capabilities.
Sparkling Logic’s platform automates decisions dealing with risk and compliance, reducing the time it takes to adjust to new insights gained from a range of data and market changes. The cloud-based decision management platform leverages data insights and authors business rules to define automated decisions using industry-leading and patented approaches.
Powered by the security of the cloud, NICE Actimize’s X-Sight AI-driven platform manages and scales analytics and addresses complex demands for flexibility and extensibility at scale. X-Sight also introduces unlimited data from any source, extensive analytics, and intelligent automation.
When integrated with NICE Actimize’s platform, Sparkling Logic’s innovative decision management technology will support financial institution customers by making more rapid decisions on financial crime strategies and providing the ability to view the overall impact across all NICE Actimize analytics. This capability allows X-Sight customers to make more informed decisions while maximizing financial crime coverage and controlling costs.
“Growing data volume and business complexity require a faster response to escalating problems such as fraud, regulatory compliance, personalized account management, collection, and recovery," said Carole-Ann Berlioz, Co-Founder and Chief Product Officer, Sparkling Logic. “Our decision management technology will further enhance NICE Actimize’s powerful X-Sight platform by empowering business decisions with greater agility, visibility, and intelligence."
“This technology partnership delivers our X-Sight customers more rapid development and deployment of financial crime management strategies across the broader NICE Actimize analytics ecosystem,” said Craig Costigan, CEO, NICE Actimize. “We look forward to incorporating the power of Sparkling Logic’s innovations in decision management into our advanced financial crime platforms.”