Pwc Partners With NICE Actimize for Innovative Regulatory Consulting
FREMONT, CA: Through a press release, Audit and Assurance, Tax and consulting service provider PwC US announced that it has launched a joint business relationship and delivery partner agreement with NICE Actimize, a provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. The partnership combines the latter’s innovative technology platform with the former’s deep industry and regulatory insights.
The report cites that owing to increased instances of terrorism financing, money laundering, rogue trading, fraud and other forms of financial crime, organizations look forward for advanced surveillance technologies, case management and other compliance methodologies to better protect themselves. They would be able to utilize the synergic partnership to obtain regulatory consulting and technology solutions models to help detect financial crime by taking advantages of combined offerings that include implementation, optimization, and testing of systems on both local and global levels; cutting edge models that monitor for emerging financial crime risks; benchmarking and industry standardization to ensure technology environments are more effective and efficient.
“For our clients, fighting financial crime is paramount to the success of their business, and technology is critical to this effort,” said John Sabatini, PwC’s Advanced Risk and Compliance Analytics Solutions Leader. “Our collaboration with NICE Actimize provides organizations – and not just financial institutions – with the advanced analytics solutions they need to protect themselves as the stakes for getting the necessary controls and processes in place continue to rise.”
“By combining our intellectual capital, both companies are working to serve a common purpose of helping society solve important problems and enhancing the controls that our clients absolutely need in today’s rapidly changing risk environment,” said Vikas Agarwal, Partner and PwC’s Actimize Alliance Leader.
“Companies look to PwC for global leadership in financial crime prevention strategies and program execution. Our relationship with NICE Actimize complements our already strong consulting services with powerful new technologies.” said Sean Joyce, PwC's Financial Crimes Unit Leader.
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