UAE Exchange teams up with NICE Actimize to check crime

Global remittance and foreign exchange brand UAE Exchange has joined hands with financial crime solutions provider NICE Actimize to strengthen its compliance architecture.
NICE Actimize will design a portfolio of financial crime solutions, including Actimize Anti-Money Laundering and Actimize Integrated Fraud Management (IFM) solutions for UAE Exchange.
"At UAE Exchange, our objective has always been to strengthen our ability to fight financial crime by investing in proven compliance and monitoring systems," UAE Exchange CEO Promoth Manghat said.
These systems, coupled with the Actimize Integrated Fraud Management Platform, will also provide UAE Exchange real-time alerts for money laundering and fraud scenarios.

"These solutions are being customised and integrated with our own technology architecture, transaction systems and fraud management so as to reduce monitoring costs, improve investigative efficiency and provide comprehensive regulatory coverage. We are glad to associate with NICE Actimize and further augment our compliance programme," Manghat said.
UAE Exchange is a leading global remittance, foreign exchange and payment solutions brand. It has over 750 branches spread across 31 countries in 5 continents.
"We believe that the mission of UAE Exchange and NICE Actimize are perfectly aligned in their common objective to protect financial institutions and their customers in emerging markets from a range of financial crimes, including money laundering schemes and similar concerns," NICE Actimize Global V-P and General Manager, Anti-Money Laundering, Ed Sander said.