Sweden’s TF Bank selects Nice Actimize for AML SaaS solutions
TF Bank, a digital bank based in Sweden, has selected US-based Nice Actimize, a provider of financial crime, compliance, and risk solutions, to strengthen its anti-money laundering (AML) initiatives.
TF Bank taps Nice Actimize for AML tech
Founded in 1987, TF Bank offers a suite of e-commerce solutions and consumer banking services in addition to providing credit card offerings across Austria, Germany, Norway, and Spain.
The bank has tapped Nice Actimize for its cloud-based Software-as-a-Service (SaaS) AML Essentials solution to enhance compliance and strengthen its financial crime prevention programme.
The AI-driven platform includes capabilities for customer due diligence, sanctions and transaction screening, and suspicious activity monitoring (SAM).
According to Nice Actimize, TF Bank also selected the US vendor for its anti-fraud SaaS solution to “accelerate the automation of manual tasks”.
Speaking on the collaboration, Joanna Badawy, head of AML at TF Bank, says that the new tools will “protect our banking customers and provide greater capabilities to support our analysts as they strive to become more efficient”.
The Swedish bank joins a growing list of global digital banks leveraging Nice Actimize’s tech, including GoTyme Bank in the Philippines, which partnered with the company in 2022.
