NICE Actimize has partnered with Tata Consultancy Services, a global provider of IT services, consulting, and business solutions, to expand the number of financial crimes cases it can process and close with its existing customer base of banks, insurance companies, and other financial institutions.

Craig Costigan, the CEO, NICE Actimize, said, “As we join together with the TCS organization, NICE Actimize is excited to expand the footprint for our financial crime solutions while allowing us to provide enhanced customer support and services. We welcome the opportunity to further our market expansion within TCS’s extensive network.”

TCS’s comprehensive set of services for financial crime includes analytics, risk management, platform solutions, and change management. As part of its ongoing research program, TCS constantly looks for ways to combat financial crime, enhance regulatory compliance, and minimize financial and reputational risks.

K Krithivasan, Business Group Head, Banking, Financial Services, and Insurance, TCS, said, “Evolving financial crime typologies, increased transgressions, and higher risk exposures require financial institutions to continuously enhance the controls for combating financial crime. Advanced technology designs, data interventions, and digitalization can enable these organizations to maintain a robust defense. The TCS and NICE Actimize partnership will bring in the right mix of domain expertise, data analytics, world-class solutions, scale, and agility to help our customers transform their financial crime controls and compliance function.”

The collaboration will also benefit client organizations by demonstrating innovation, improving operational efficiency, and simplifying business processes. TCS will offer financial institutions end-to-end solutions that control financial crime and fraud risks using its Machine First™ approach and innovative solutions.