NICE Actimize Xceed AI Cloud Platform Chosen by American State Bank to Manage AML and Fraud Risk Management

NICE Actimize, a NICE business, confirmed that American State Bank, a Texas-based financial institution, has selected NICE Actimize Xceed, an all-in-one AI fraud and anti-money laundering platform, to drive the financial institution’s restructured financial crime strategy. Powered by the cloud and always-on AI, NICE Actimize’s Xceed provides best-in-class AML, fraud and case management in a single risk platform.

From real-time onboarding through transaction monitoring, American State Bank will leverage the full Xceed FRAML (Omnichannel Fraud and AML) solution. Xceed FRAML includes the Xceed AML Evidence Lake for AML, a modern anti-money laundering solution and Xceed AI & Behavioral Analytics Omnichannel Fraud Prevention.

With best-in-class case management, the NICE Actimize Xceed platform leverages AI and data intelligence at the intersection of fraud and AML to automatically discover relationships and linkages, expediting alert and case investigations. Xceed also provides out-of-the-box AML and fraud models and data connectors tailored for mid-market organizations such as credit unions and regional banks.

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“Our rapidly expanding financial institution had outgrown its anti-money laundering and fraud-fighting systems,” said Amy Frederickson, SVP of Compliance, American State Bank. “As we evaluated numerous financial crime solutions and platforms, we were impressed by the coverage and ease of use within NICE Actimize’s Xceed and its advanced machine learning and behavioral analytics.”

“By providing a single platform leveraging AI, data intelligence and behavioral analytics, NICE Actimize Xceed provides mid-sized financial institutions with superior financial crime and compliance risk management,” said Craig Costigan, CEO, NICE Actimize. “We look forward to supporting American State Bank’s new financial crime management platform and its future growth in the market.”

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