Xceed is a comprehensive financial crime and compliance platform powered by cloud technology and artificial intelligence. It combines fraud and anti-money laundering solutions on a single platform, utilizing behavior-based analytics and machine learning to adapt to new threats and changing customer behaviors in real-time. The platform offers protection for various financial services, including payment fraud prevention, digital banking security, anti-money laundering measures, customer due diligence, and unified investigations. Xceed's AI-driven approach aims to reduce false positives, enhan...
Vendor
NICE Actimize
Company Website
Xceed is a comprehensive financial crime and compliance platform developed by NICE Actimize. This cloud-powered solution integrates advanced artificial intelligence and machine learning technologies to provide real-time protection against various forms of financial crime. The platform is designed to adapt dynamically to emerging threats and changes in customer behavior, offering a robust defense mechanism for financial institutions.
Key Components
Payments Fraud Protection Xceed's payment fraud protection module offers:
- Real-time monitoring of global payment methods
- Smart analytics for threat detection
- Acceleration of legitimate transactions
Digital Banking Fraud Prevention For online banking security, Xceed provides:
- AI-powered detection algorithms
- Reduction in false positives
- Enhanced accuracy in threat identification
- Improved customer experience across digital banking platforms
Anti-Money Laundering (AML) Solutions The AML component of Xceed includes:
- AI and machine learning optimization
- Comprehensive compliance coverage
- Full auditability of AML processes
- Enhanced effectiveness in detecting suspicious activities
Customer Due Diligence (CDD) Xceed's CDD module offers:
- Precise risk rating mechanisms
- Continuous customer monitoring
- Consolidation of customer data and profiles
- Accurate Know Your Customer (KYC) processes
Unified Investigations To streamline the investigation process, Xceed provides:
- A unified platform for comprehensive investigations
- Increased operational efficiency
- Enhanced risk visualization tools
- Consolidated view of customer activities and potential threats
Managed Fraud Investigations Xceed supplements in-house efforts with:
- 24/7/365 expert monitoring
- Strengthened detection efficiency
- Support for internal investigation teams
Technology Foundation Xceed leverages cloud computing to enhance its capabilities:
- Utilizes a network of global servers
- Enables flexible and scalable operations
- Promotes sustainability in financial crime prevention
- Increases efficiency in threat detection and response
- The platform's core strength lies in its behavior-based analytics and machine learning capabilities. These technologies allow Xceed to:Adapt in real-time to new attack vectors
- Recognize and respond to shifts in customer behavior patterns
- Continuously improve its detection and prevention mechanisms
Integration and Efficiency By bringing together best-in-class fraud and AML solutions on a single platform, Xceed offers
- :Seamless integration of various financial crime prevention tools
- A holistic approach to compliance and risk management
- Reduced complexity in managing multiple security systems
- Improved overall efficiency in financial crime prevention efforts
Xceed's design philosophy centers on providing a comprehensive, adaptive, and intelligent solution to the complex challenges of financial crime and compliance in the modern banking ecosystem. Its integration of advanced technologies aims to stay ahead of sophisticated criminal strategies while maintaining operational efficiency and regulatory compliance.