NICE Actimize, a financial crime, risk and compliance solutions provider, has entered into a new partnership to deliver Xceed cloud-native financial crime platform to Finastra customers.

The Xceed platform delivers AML and fraud solutions in a single platform to financial services organisations of all sizes.

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The technology also provides advanced real-time behavioural analytics and machine learning capabilities to simplify cloud deployments.

As agreed, NICE Actimize’s Xceed financial crime platform will be added to Finastra’s FusionFabric.cloud open innovation platform.

The deployment is expected to help Finastra’s financial institution clientele meet today’s dynamic risk management requirements.

Finastra Platform senior vice-president and general manager Vincent Pugliese said: “We look forward to adding NICE Actimize’s advanced cloud-native integrated financial crime platform to our FusionFabric.cloud ecosystem.

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“Together, we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of our clients – who face mounting pressure to deliver increased innovation, agility and ROI.

“We are excited about our partnership and believe that through the combination of our cloud-based technologies we will help our clients to deliver upon these objectives.”

NICE Actimize CEO Craig Costigan said: “We are pleased to partner with Finastra, creating a unique combination of proven expertise with best-in-class innovation leveraging both Artificial Intelligence and the cloud, while further presenting a major opportunity to support financial services organisations of all sizes, particularly targeting the needs of mid-markets FSOs.”