Nice Actimize signs First Hawaiian Bank

First Hawaiian Bank currently uses NICE Actimize's anti-money laundering solution to identify and report suspicious transactions related to money laundering and terrorist financing, and to meet current regulations and adapt to the evolving regulatory environment. As First Hawaiian planned its long-term financial crime technology strategy and roadmap, its compliance team identified the value and benefits of developing a long-term strategic partnership with a vendor who provides a broad risk experience.

Actimize Enterprise Risk Case Manager is designed to consolidate an operation's existing detection systems into a single application for managing alerts, case development, regulatory reporting such as suspicious activity monitoring, exception reporting and investigations, and other compliance-related functions. By adopting a case and investigation management solution that could support the organization's fraud and AML needs, the institution will be able to detect patterns of activity across organizational silos allowing them the ability to reduce operational costs, stem financial losses, and limit the risk of regulatory fines.

"One of our objectives is to break down the walls between anti-money laundering and fraud, and we just couldn't do that without first adopting a common technology platform upon which we could build for the future," said Gina Anoneuvo, Executive Vice President and Chief Compliance Officer, First Hawaiian Bank. "We believe that centralized case management will support more efficient and collaborative data analysis across organizational silos, while providing long-term cost reduction benefits as our organization grows."

"Financial institutions of all sizes are recognizing that effective enterprise-wide financial crime management is one of the single biggest factors impacting loss prevention and operational efficiency in today's financial institutions," said Amir Orad, President and CEO of NICE Actimize. "Our experience in helping both regional and global banks develop and execute upon an enterprise wide financial crime strategy will allow us to help First Hawaiian address these challenges today, while laying the groundwork for future growth."