TCS, NICE Actimize join forces for financial crime compliance solutions

Tata Consultancy Services (TCS) is joining forces with NICE Actimize for offering customers anti-money laundering, compliance, and fraud risk management solutions.

NICE Actimize is a part of NICE, a global provider of financial crime, risk and compliance solutions.

Craig Costigan — CEO of NICE Actimize said: “As we join together with the TCS organization, NICE Actimize is excited to expand the footprint for our financial crime solutions, while allowing us to provide enhanced customer support and services. We welcome the opportunity to further our market expansion within TCS’ extensive network.”

Tata Consultancy Services joins forces with NICE Actimize for financial crime compliance solutions. Photo courtesy of Юкатан/Wikipedia.org.

Tata Consultancy Services said that the collaboration with NICE Actimize will further allow them to offer integrated services, solution synergies and global scale to banking, insurance, and financial services clients.

The partnership will combine the domain expertise and financial crime and compliance solutions of the two parties.

Tata Consultancy Services is said to utilize its Machine First approach and innovative solutions in financial crime and compliance to provide end-to-end services to financial institutions for controlling financial crime as well as fraud risks.

K Krithivasan — Tata Consultancy Services Business Group Head, Banking, Financial Services, and Insurance, said: “Evolving financial crime typologies, increased transgressions, and higher risk exposures require financial institutions to continuously enhance the controls for combating financial crime. Advanced technology designs, data interventions, and digitalization can enable these organizations to maintain a robust defense.

“The TCS and NICE Actimize partnership will bring in the right mix of domain expertise, data analytics, world-class solutions, scale and agility to help our customers transform their financial crime controls and compliance function.”

Recently, Tata Consultancy Services was selected by NXP Semiconductors to help the latter secure connectivity solutions for embedded applications and boost its user experience and expedite digital transformation.