ArkOwl Joins Industry's First Financial Crime Management Ecosystem

Helping financial services organizations keep up with a changing market landscape, NICE Actimize, a NICE business (Nasdaq: NICE) and provider of Autonomous Financial Crime Management, has announced that ArkOwl, has joined the X-Sight Marketplace, the industry´s first financial crime risk management-focused ecosystem designed to assist financial services organizations evaluate new best-of-breed solutions and move to stay on top of a challenging regulatory and criminal environment, the company said.

The X-Sight Marketplace leverages the X-Sight Platform-as-a-Service and further expands the functionality offered by the platform. The NICE Actimize X-Sight Platform-as-a-Service offers a single, unified, cost-effective way for financial service organizations to rapidly innovate and to introduce new services while supporting best-in-class financial crime, risk and compliance management capabilities.

ArkOwl, known for its search interface that conducts checks against email addresses and phone numbers for verification to assist in the detection of potential fraud, offers data that is 100% live, real-time data. ArkOwl does not pull from stale, potentially outdated databases. Additionally, all data requests are anonymised and requested through ArkOwl so individual data providers cannot track information on customers.

Technology providers such as ArkOwl, in partnering with NICE Actimize´s X-Sight Marketplace ecosystem, are reviewed for their ability to complement financial crime and compliance solutions. Once approved, software and service providers become available to the NICE Actimize community via the X-Sight Marketplace. FSOs can quickly browse through X-Sight Marketplace solution categories to find scalable options that solve their unique business problems.

Integrating insights from ArkOwl into NICE Actimize Integrated Fraud Management Platform, IFM-X, helps financial service organizations improve the accuracy of customer risk scoring when onboarding new customers or enrolling existing customers to new services. In addition, intelligence from ArkOwl helps organizations make better decisions based on payee risk in email-based payments services, especially those that provide immediate funds availability.

Additional categories that will be added to NICE Actimize´s X-Sight Marketplace from other partner participants will include: ID Verification, Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud. Additional partners will be announced as the X-Sight Marketplace grows.

ArkOwl provides live, accurate, and rich data for full email address verification. Rich data includes: social information, full name, pictures, email age or email creation dates, domain creation dates, hacked data check and more. ArkOwl investigates the whole email address. We do not guess at information from just the handle, or the beginning user name of an email address. Fraud detection and research needs to be detailed and specific for potential costly decisions. False positives or negatives are not words in the ArkOwl vocabulary.

NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators.

NICE is the worldwide provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions.