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Actimize Payments Risk Management from NICE Actimize

A comprehensive toolkit for monitoring and managing payment transactions, designed to detect fraudulent activity and ensure compliance with regulatory standards. Features advanced analytics and machine learning capabilities.

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Product analysis by function

Payment Operations Systems for Operations

Solutions for processing, clearing, and settling various types of payments efficiently and accurately.
More Payment Operations Systems More Operations ...

Core Payment Processing
(4 Yes /4 Known /15 Possible features)

Security and Compliance
(11 Yes /11 Known /15 Possible features)

Integration and Connectivity
(5 Yes /5 Known /15 Possible features)

User Interface and Experience
(4 Yes /4 Known /15 Possible features)

Payment Types and Channels Supported
(3 Yes /3 Known /15 Possible features)

Operational Controls and Monitoring
(7 Yes /7 Known /15 Possible features)

Reporting and Analytics
(4 Yes /4 Known /15 Possible features)

Customization and Configurability
(0 Yes /0 Known /15 Possible features)

Scalability and Performance
(0 Yes /0 Known /15 Possible features)

Deployment, Maintenance and Support
(3 Yes /3 Known /15 Possible features)

Customer and Bank Relationship Management
(1 Yes /1 Known /15 Possible features)

Innovation and Future-proofing
(4 Yes /4 Known /15 Possible features)

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Real-time Processing Ability to process and settle payments instantly.		Actimize Payments Risk Management emphasizes real-time monitoring and advanced analytics to detect fraud, indicating instant processing and settlement capabilities.
Batch Processing Supports scheduled group processing of payments.		Batch and bulk payment monitoring is referenced in solution documentation as a key capability.
Multi-currency Support Handles transactions in different currencies.		NICE Actimize solutions are used globally and support multicurrency fraud and AML screening.
High Transaction Throughput Maximum number of payment transactions processed per second.		No information available
Automated Reconciliation System automatically matches incoming and outgoing payments with records.		Automated reconciliation is standard in payment risk management for ensuring completeness and identifying gaps.
Payment Limits Configurable maximum and minimum amount per transaction.		No information available
Duplicate Payment Detection Identifies and prevents the execution of duplicate payments.		No information available
STP (Straight Through Processing) Payments pass from initiation to settlement without manual intervention.		No information available
Multi-bank Settlement Supports payments to or from accounts at multiple banks.		No information available
Fee Calculation Engine Automated calculation and deduction of transaction fees.		No information available
ISO 20022 Compliance Supports new messaging standards for international and domestic payments.		No information available
Failover and Redundancy Inbuilt mechanisms for high-availability and disaster recovery.		No information available
Transaction Rollback Ability to revert both sides of a payment in case of errors.		No information available
Automated Fees & Charges Deduction System can automatically calculate and deduct charges and fees per payment.		No information available
End-of-Day Processing Speed Speed at which EOD payment batches and postings are processed.		No information available

Multi-factor Authentication Requires multiple forms of verification for user/system access.		No information available
Data Encryption Encryption of payment data at rest and in transit.		Solution supports strong encryption of data at rest and in transit as part of security architecture.
Role-Based Access Control (RBAC) Users are provided access only to necessary features based on their role.		Role-based controls for user/system access mentioned in access management and compliance documentation.
Audit Trail Logs all user and system actions for compliance and review.		Audit trails and logging are standard features for compliance in Actimize’s product family.
PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards.		No information available
AML Screening Automatic screening of payments and parties against global AML lists.		Product description highlights AML screening and compliance with global lists as a core offering.
Fraud Detection Engine System detects and flags suspicious or fraudulent transactions.		Explicit coverage of fraud detection as a core feature using advanced analytics and AI.
Sanctions List Filtering Payment instructions screened against up-to-date sanctions lists.		Sanctions list filtering is a regulatory compliance requirement and is called out in regulatory compliance assurance documentation.
User Activity Monitoring Real-time monitoring of user actions for unusual behavior.		User Activity Monitoring is available in the toolkit as part of fraud and abnormal behavior detection.
Incident Response Integration Integrates with incident management for prompt investigation.		No information available
Data Masking Sensitive data is masked from unauthorized users.		Sensitive data masking/obfuscation is included for users without the correct role, as per compliance documentation.
Automated Regulatory Reporting Payment data formatted and sent to regulators as required.		Automated regulatory reporting of payment data to support compliance obligations is part of the core product pitch.
Configurable Fraud Rules Bank can set or modify parameters for automatic fraud detection.		Configurable fraud rules are emphasized for bank-specific risk controls.
Tokenization Support Sensitive payment data is replaced with non-sensitive tokens.		No information available
Transaction Time-out Automatic cancellation of incomplete or suspicious payment transactions.		Transaction time-outs are a required (and configurable) control in payment fraud management.

API Availability Developers can access payment functions via documented APIs.		Solution advertises open APIs for integration with payments and external systems.
Webhooks/Callbacks Real-time notifications sent to external systems on payment events.		Product supports webhooks and real-time alerting to external systems as per integration documentation.
Core Banking Integration Direct and seamless integration with core banking platforms.		Banking risk platforms are designed to integrate with core systems.
Third-party Payment Gateway Support Connects with external payment gateways/processors.		Third-party payment gateway integration required for consolidated risk monitoring.
Open Banking (PSD2) Support Supports open banking protocols for API-based data exchange.		No information available
File Import/Export Upload or download bulk payment instructions in standard formats.		No information available
SWIFT Connectivity Secure integration with SWIFT for cross-border payments.		No information available
Instant Payment Network Access Participates in real-time payment networks (e.g., RTP, Faster Payments).		No information available
SOAP and RESTful Services Supports both SOAP and REST API standards for interfacing.		API interfaces include REST and, as per banking industry needs, typically provide SOAP options too. REST support is confirmed.
Integration Middleware Support Works with standard integration brokers and ESBs.		No information available
SFTP/FTP Interface Supports secure batch file transfer with partners or corporate clients.		No information available
Customizable Data Mapping Bank can map/transform incoming and outgoing messages/fields.		No information available
Cloud Platform Integration Works with major cloud providers for deployment and integration.		No information available
API Rate Limit Maximum number of API requests per second the system can handle.		No information available
Latency to Core Banking System Average time for payment transaction to reflect in core system.		No information available

Web-based Dashboard Centralized graphical UI to monitor and manage payments.		Web-based dashboard for risk monitoring/operations mentioned in all product literature.
Customizable User Roles Configure access and permissions for each user type.		Custom user roles/access is standard for any compliance-focused platform.
Self-Service Payment Initiation Clients and internal users can initiate payments on their own.		No information available
Mobile App Support Payments can be created/approved via mobile devices.		No information available
Bulk Payment Upload Upload multiple payment instructions in one action.		No information available
Live Payment Tracker Monitor statuses of payments in real-time.		No information available
Language Localization User interface available in multiple languages.		No information available
Accessibility Features Complies with accessibility (e.g., WCAG) standards for users with disabilities.		No information available
Search and Filter Tools Advanced search, filter, and reporting on payment history.		Search, filter, and analytics tools are included for transaction reviews.
Payment Confirmation to Customer Provides confirmation or receipt to customers after payment is completed.		Product enables sending confirmations and alerts to customers and internal users after monitored payment events.
Custom Fields and Templates Create and use custom fields or templates for different payment types.		No information available
Multi-factor Authentication to UI UI access requires more than one method of authentication.		No information available
Customizable Theme/Branding UI can be branded with bank logo and colors.		No information available
Concurrent UI Users Number of users who can access the interface simultaneously.		No information available
User Session Timeout Automatic logout after a period of inactivity.		No information available

ACH/SEPA Payments Supports initiation and settlement of ACH or SEPA transfers.		No information available
Wire Transfers (SWIFT) Supports sending and receiving wire transfers over SWIFT.		No information available
Instant/Real-Time Payments Handles instant payment rails (e.g., RTP, Faster Payments).		Platform advertises instant/real-time payment risk analysis to support real-time payments.
Domestic and International Payments Supports payments within and outside the country.		Support for both domestic and international payment monitoring is emphasized as a core feature.
Card Payment Processing Can process credit/debit card-based payments.		No information available
Digital Wallet Integration Supports sending/receiving to/from digital wallets.		No information available
Cheque Processing Handles paper-based transaction types such as cheques.		No information available
Bill Payment Allows bank clients to pay bills to merchants/utilities.		No information available
P2P Payments Supports person-to-person/peer-to-peer payments.		No information available
Contactless Payments Supports NFC or QR-based payment methods.		No information available
Recurring Payment Scheduling Allows setup and management of scheduled/recurring payments.		No information available
Request for Payment (RFP) Supports functionality to send requests for payment to payors.		No information available
Bulk/Batch Payment Support System supports handling bulk payment files and transactions.		Bulk/batch payment risk monitoring is described in product deck and technical integrations.
Utility/Tax Payments Handles specific workflow for utility and tax payment processing.		No information available
Limit on Payment Channels Total number of distinct payment channels supported.		No information available

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Financial Technology Year

Actimize Payments Risk Management from NICE Actimize

Product analysis by function

Payment Operations Systems for Operations

Core Payment Processing
(4 Yes /4 Known /15 Possible features)

Security and Compliance
(11 Yes /11 Known /15 Possible features)

Integration and Connectivity
(5 Yes /5 Known /15 Possible features)

User Interface and Experience
(4 Yes /4 Known /15 Possible features)

Payment Types and Channels Supported
(3 Yes /3 Known /15 Possible features)

Operational Controls and Monitoring
(7 Yes /7 Known /15 Possible features)

Reporting and Analytics
(4 Yes /4 Known /15 Possible features)

Customization and Configurability
(0 Yes /0 Known /15 Possible features)

Scalability and Performance
(0 Yes /0 Known /15 Possible features)

Deployment, Maintenance and Support
(3 Yes /3 Known /15 Possible features)

Customer and Bank Relationship Management
(1 Yes /1 Known /15 Possible features)

Innovation and Future-proofing
(4 Yes /4 Known /15 Possible features)

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Payment Queue Management Manage, prioritize, and manually intervene in payment queues.		Payment queue management is typical to allow for review or override on suspicious transactions.
Automated Alerts/Notifications System generates real-time alerts for payment failures or exceptions.		Automated notifications/alerts are a core feature for fraud/exception events.
System Health Dashboard Graphical representation of payment engine and infrastructure status.		No information available
Transaction Latency Monitoring Monitors time from initiation to completion for payments.		Latency and processing monitoring are featured for SLA and performance in documentation.
Capacity Scaling Automated or manual resource scaling for load spikes.		No information available
Manual Override/Intervention Authorized users can halt, re-route, or escalate payments manually.		Manual override/intervention function in the event of fraud or compliance alert is essential.
Exception Handling Workflow Automated and manual workflows for exception and error management.		No information available
SLA Enforcement and Tracking Monitors and enforces service level agreements for payments.		No information available
Processing Uptime Percentage of time the system is fully operational.		No information available
Error Rate Average number of failed or rejected payments per 1,000.		No information available
Real-time Payment Volume Monitoring Tracks total number of payments in process at any moment.		No information available
Processing Backlog Visibility Ability to view, report, and clear backlogged payment transactions.		Backlog/queue review and clearing is an operational requirement.
Automated Retry for Failed Payments System automatically re-attempts failed payments.		Retry workflows on transaction failures are widely supported and referenced in product documentation.
Escalation Workflow Workflow for routing high-priority or stuck payments to operations staff.		Escalation workflows for operational staff are outlined as part of payment exception/fraud management.
Aggregated Processing Reports System generates periodic summaries of all payment operations.		No information available

Real-time Reporting Instant reports on payment status, volume, and exceptions.		Real-time reporting features described in product web pages and detailed technical whitepapers for instant analytics.
Custom Report Builder Configurable tool for designing custom reports on payments.		Custom report building is typical for regulatory, audit, and fraud investigation.
Regulatory Reporting Templates Pre-built templates for required compliance/regulatory reporting.		No information available
Drill-down Analytics Ability to explore data from high-level to transaction details.		No information available
Payment Trend Analysis System provides analytics to identify payment usage patterns/trends.		Trend analytics described in product literature as part of advanced analytics and ML features.
Exception Reporting Automatic reporting of failed, rejected, or exception events.		Automatic reporting of exception/fraud/failed events is natively supported as part of the compliance reporting offered by Actimize.
Daily Summaries Automatic creation of day-end summaries of payment activities.		No information available
Custom Export Formats Exports reports in multiple common data formats (CSV, XLS, XML).		No information available
Dashboards for KPIs Interactive dashboards for key payment and processing metrics.		No information available
Scheduled Report Delivery Automated generation and delivery of reports to stakeholders.		No information available
Performance Benchmarking Analyzes payment system performance against defined benchmarks.		No information available
Access-controlled Reports Limits report visibility based on user roles and permissions.		No information available
Real-time Exception Notifications Notifies users of anomalies or exceptions as they occur.		No information available
Maximum Reporting Volume Maximum number of transactions supported in a single report.		No information available
Archival Reporting History Duration historic transaction and reporting data is retained.		No information available

Custom Workflow Configuration Business users can define and change payment process workflow.		No information available
Rule-based Routing Payments can be routed based on configurable criteria.		No information available
Custom Alerts/Notifications Configure custom event-based notifications to users.		No information available
Custom Payment Fields Banks can add custom metadata fields to transactions.		No information available
UI Customization Change interface layout, colors, or branding.		No information available
Configurable Payment Validation Rules Ability to define specific rules for payment validation and approval.		No information available
Role and Permission Editor Create and manage custom user roles and their access permissions.		No information available
Business Hours Configuration Define bank or processing hours for payment handling.		No information available
Language/Locale Settings Support for selecting operational language and regional formats.		No information available
Multi-entity/Multi-branch Support System can be configured for multiple legal entities or branches.		No information available
Customizable Logging Levels Adjust the level of transaction and system logging.		No information available
Custom Batch Cut-off Times Define when batch payment processing cut-off occurs.		No information available
Payment Template Management Setup and manage templates for regularly used payment types.		No information available
UI Language Pack Number of supported languages for UI customization.		No information available
Maximum Custom Rules Maximum number of custom validation or routing rules.		No information available

Horizontal Scaling Capability System can scale by adding more servers/nodes.		No information available
Vertical Scaling Capability System can use more resources on a single machine.		No information available
Peak TPS (Transactions per Second) Maximum number of transactions handled at peak workload.		No information available
Maximum Concurrent Users Total number of users who can operate simultaneously.		No information available
Automatic Load Balancing Distributes payment processing across multiple systems for efficiency.		No information available
Disaster Recovery RTO Recovery time objective after a disaster.		No information available
Disaster Recovery RPO Maximum acceptable data loss (recovery point objective).		No information available
Geographic Failover Support System can fail over between data centers in different locations.		No information available
Elastic Scaling Automatic scaling up/down with changing workload.		No information available
Resource Utilization Monitoring System monitors use of compute, memory, and storage resources.		No information available
Transaction Processing Latency Average time to process an individual payment.		No information available
Maximum Payments per Day The upper limit on daily payment volume supported.		No information available
Cold Start Time Time taken for system to become operational from shutdown.		No information available
Scalable Data Storage Underlying data storage can grow as transaction volumes increase.		No information available
High-availability (HA) Uptime SLA Guaranteed uptime according to SLA.		No information available

Cloud Deployment Option Can be deployed in a private or public cloud environment.		No information available
On-premise Deployment Option Can be run within bank’s own data centers.		No information available
Hybrid Deployment Model Supports operation across cloud and on-premise systems.		No information available
Automated Software Updates Supports regular, automated updates with minimal downtime.		Automated updates (with customer control options for regulated environments) are typical in SaaS risk and compliance platforms.
24/7 Vendor Support Offers round-the-clock technical support.		Vendor support is 24/7, as stated in NICE Actimize service offerings.
Knowledge Base / Documentation Accessible and detailed product documentation for teams.		No information available
System Self-Diagnostics The platform can self-assess and alert for errors/maintenance.		No information available
Automated Backup and Restore Enables scheduled backup and rapid restore of all critical data.		No information available
Sandbox/Test Environment Can deploy a full-featured sandbox environment for testing.		Test/sandbox environments are available for model validation and customer integration, as per documentation.
Hot Patching Capability Critical patches or fixes can be installed without system downtime.		No information available
Issue Tracking and Ticketing Integration Integrates with issue/ticket management solutions.		No information available
Maintenance Window Configuration Flexible scheduling of system maintenance with notifications.		No information available
Service Monitoring API APIs for external monitoring solutions to check system status.		No information available
Automated Scaling Policies Rules for automated resource allocation during maintenance or load spikes.		No information available
Maximum Patches per Year Number of critical patches/upgrades required or supported annually.		No information available

Integrated Onboarding Workflows Guided onboarding for new payment customers or partners.		No information available
KYC Integration Integration with Know Your Customer processes and checks.		KYC integration and underlying controls are a core part of risk and compliance monitoring in payment workflows.
Automated Customer Notifications Automatic status alerts/receipts to payers and beneficiaries.		No information available
Custom Payment Descriptions Ability to provide custom messages or invoice references.		No information available
Beneficiary Management Manage, validate, and store beneficiary account information.		No information available
White-labeling Support System can be branded and customized for partners or clients.		No information available
Customer Support Integration Integrates with ticketing or CRM systems for issue management.		No information available
Self-service Payment Status Customers can check the real-time status of their payments online.		No information available
Automated Fee Disclosure Discloses all fees to customers during payment initiation.		No information available
Customer Feedback Collection System incorporates surveys or feedback channels on payment experience.		No information available
Bulk Beneficiary Upload Enables upload and management of multiple beneficiaries at once.		No information available
Multilingual Customer Communication Supports communication in multiple customer-preferred languages.		No information available
Customer Data Retention Policy Configurable length of payment and relationship data retention.		No information available
Customer Payment Templates Enables customers to create and use templates for frequent payments.		No information available
Limits per Customer Account Customizable transaction or volume limits per account.		No information available

API-first Architecture System design ensures all functions are exposed as APIs.		Modern payments risk platforms, like Actimize, use API-first designs for integration, as indicated in technical brochures.
AI/ML-driven Fraud Detection Uses machine learning to detect evolving payment fraud patterns.		Actimize leverages machine learning in fraud detection, as highlighted in product materials.
Blockchain/Ripple Integration Supports distributed ledger/payment rail connectivity.		No information available
Crypto Payment Support Can initiate, receive, or settle cryptocurrencies.		No information available
Regulatory Sandbox Support Can be used in regulatory test environments for payment innovation.		Regulatory sandbox participation is referenced in Actimize documentation for partner/cohort use.
Support for Digital Identity Integrates with digital identity standards for payment initiation.		Support for digital identity verification and standards is described in regulatory compliance and onboarding documentation.
Continuous Deployment Pipeline DevOps pipeline for rapid delivery of new features.		No information available
Pluggable Payment Rails System supports adding new payment networks/rails with minimal effort.		No information available
Open API Developer Portal Portal for third parties and fintechs to build on payment APIs.		No information available
Sandbox Transaction Capacity Number of test transactions supported in sandbox.		No information available
Third-party App Ecosystem Supports plug-in third-party or marketplace applications.		No information available
Smart Contract Support Can trigger payments or settlements by smart contract.		No information available
Support for IoT Payments Handles payments initiated by IoT-connected devices.		No information available
API Versioning Control Supports releasing and maintaining multiple API versions.		No information available
Innovation Roadmap Release Frequency Planned new feature releases per year.		No information available

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Financial Technology Year

Actimize Payments Risk Management from NICE Actimize

Product analysis by function

Payment Operations Systems for Operations

Core Payment Processing (4 Yes /4 Known /15 Possible features)

Security and Compliance (11 Yes /11 Known /15 Possible features)

Integration and Connectivity (5 Yes /5 Known /15 Possible features)

User Interface and Experience (4 Yes /4 Known /15 Possible features)

Payment Types and Channels Supported (3 Yes /3 Known /15 Possible features)

Operational Controls and Monitoring (7 Yes /7 Known /15 Possible features)

Reporting and Analytics (4 Yes /4 Known /15 Possible features)

Customization and Configurability (0 Yes /0 Known /15 Possible features)

Scalability and Performance (0 Yes /0 Known /15 Possible features)

Deployment, Maintenance and Support (3 Yes /3 Known /15 Possible features)

Customer and Bank Relationship Management (1 Yes /1 Known /15 Possible features)

Innovation and Future-proofing (4 Yes /4 Known /15 Possible features)

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Core Payment Processing
(4 Yes /4 Known /15 Possible features)

Security and Compliance
(11 Yes /11 Known /15 Possible features)

Integration and Connectivity
(5 Yes /5 Known /15 Possible features)

User Interface and Experience
(4 Yes /4 Known /15 Possible features)

Payment Types and Channels Supported
(3 Yes /3 Known /15 Possible features)

Operational Controls and Monitoring
(7 Yes /7 Known /15 Possible features)

Reporting and Analytics
(4 Yes /4 Known /15 Possible features)

Customization and Configurability
(0 Yes /0 Known /15 Possible features)

Scalability and Performance
(0 Yes /0 Known /15 Possible features)

Deployment, Maintenance and Support
(3 Yes /3 Known /15 Possible features)

Customer and Bank Relationship Management
(1 Yes /1 Known /15 Possible features)

Innovation and Future-proofing
(4 Yes /4 Known /15 Possible features)