Nice Actimize acquires financial crime and fraud regtech firm

M&A activity in the KYC and regtech sector continues, with NICE Actimize finalising an agreement to acquire Guardian Analytics, an AI financial crime and risk management provider.

Guardian Analytics has developed real-time behavioural analytics and machine learning solutions. The integration will extend NICE Actimize’s offering across the entire financial services sector.

“NICE Actimize is taking a significant step forward in advancing the future of managing financial crime risk,” said Craig Costigan, NICE Actimize’s CEO. “With criminals seeking to exploit the current environment, we need to make sure financial institutions and consumers are protected in a way that’s cost-effective and intuitive.

“The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth.”

“We are excited to join forces with NICE Actimize and look forward to the opportunities that the combination of our expertise and capabilities will bring to market,” said Eric Tran-Le, Guardian Analytics Co-CEO. “Financial services organisations need to stay ahead of today’s threats and our unique offerings enable firms to rely on a single provider to accelerate their financial crime risk management strategies.”