Nice Selected by Hawaiian Bank to Provide Financial Crime Management

NICE Actimize company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, announced that First Hawaiian Bank has expanded their relationship with NICE Actimize to support the bank's enterprise-wide financial crime strategy.

First Hawaiian Bank currently uses NICE Actimize's anti-money laundering solution to identify and report suspicious transactions related to money laundering and terrorist financing, and to meet current regulations and adapt to the evolving regulatory environment. As First Hawaiian planned its long-term financial crime technology strategy and roadmap, its compliance team identified the value and benefits of developing a long-term strategic partnership with a vendor who provides a broad risk experience.

Actimize anti-money laundering solution is designed to consolidate an operation's existing detection systems into a single application for managing alerts, case development, regulatory reporting such as suspicious activity monitoring, exception reporting and investigations, and other compliance-related functions. By adopting a case and investigation management solution that could support the organization's fraud and AML needs, the institution will be able to detect patterns of activity across organizational silos allowing them the ability to reduce operational costs, stem financial losses, and limit the risk of regulatory fines.