Autonomous Financial Crime Management provider NICE Actimize, a subsidiary of NICE (Nasdaq: NICE) has announced that it has entered a definitive agreement to acquire Guardian Analytics, an AI cloud-based financial crime risk management solution provider. Guardian Analytics provides sophisticated real-time cloud behavioral analytics and machine learning solutions that aim to simplify deployments and ongoing operations and optimize operational resource efficiency.
The acquisition is expected to close in the latter part of Q4 2020.
“Today, NICE Actimize is taking a significant step forward in advancing the future of managing financial crime risk,” said Craig Costigan, NICE Actimize CEO. “With criminals seeking to exploit the current environment, we need to make sure financial institutions and consumers are protected in a way that’s cost-effective and intuitive. The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth. I am excited to embark on this journey in advancing the industry’s fight against financial crime.”
This combination will extend NICE Actimize’s offering across the entire financial services sector, enabling firms of all sizes, from small and mid-sized banks to global financial institutions, to benefit from NICE Actimize’s world-class financial crime and compliance solutions.
“We are excited to join forces with NICE Actimize and look forward to the opportunities that the combination of our expertise and capabilities will bring to market,” said Eric Tran-Le, Guardian Analytics Co-CEO. “Financial services organizations need to stay ahead of today’s threats and our unique offerings enable firms to rely on a single provider to accelerate their financial crime risk management strategies, especially given the dynamic nature of today’s market.”