Libya’s Banks Turn to NICE Actimize for AML Solutions

A significant development in Libya’s fight against financial crime has been reported, with global advisory firm Quadrant Knowledge Solutions naming NICE Actimize as the highest-scoring anti-money laundering (AML) solutions vendor in its latest report.

Technology Excellence and Comprehensive Capabilities

According to the “SPARK Matrix Anti-Money Laundering Solution, 2021” study, NICE Actimize’s consolidated AML solutions have been recognized for their technology excellence and comprehensive capabilities. The ranking positions NICE Actimize as a top performer and technology leader in the Libyan anti-money laundering solutions market.

Sophisticated and Holistic Platform

Quadrant Knowledge Solutions praised NICE Actimize’s sophisticated and holistic platform designed to address various AML use cases. The report highlights NICE Actimize’s comprehensive functional capabilities and customer value propositions, which provide a robust solution for combating money laundering activities and regulatory compliance.

Boosting Confidence in Libya’s Financial Sector

The recognition is expected to boost confidence in Libya’s financial sector as it seeks to strengthen its anti-money laundering measures and meet international standards. With the implementation of effective AML solutions, Libyan banks can better detect and prevent illicit transactions, thereby protecting the integrity of the financial system.

Key Benefits

• Better detection and prevention of illicit transactions
• Compliance with international anti-money laundering standards
• Strengthened confidence in Libya’s financial sector
• Protection of the integrity of the financial system