Sells banks fraud, anti-money-laundering, sanctions-screening, KYC/CDD, case-management and markets-compliance applications on two platforms, X-Sight for large institutions and Xceed for the mid-market, as cloud subscriptions or on-premises term licences, and since 2025 adds agentic-AI investigation features and a cross-institution risk network.
What is NICE Actimize, and which banks use it?
NICE Actimize is the fraud and financial-crime software unit of NICE Ltd (NASDAQ: NICE), founded in Israel in 1999, bought by NICE in 2007, and based in Hoboken, New Jersey. NICE put it up for sale in 2026; Brookfield was reported in exclusive talks on September 23, 2026, with no deal announced. Among our 100 banks, KeyBank runs its X-Sight platform for fraud and AML, and Fifth Third, Associated Bank and Valley National have selected Actimize AML tools. Pricing is not published; contracts are quoted per institution.
Category
Founded
1999
Headquarters
Hoboken, New Jersey, US
Ownership
Business unit of NICE Ltd (NASDAQ: NICE), which agreed to buy Actimize in 2007 for about $280 million. NICE put Actimize up for sale in 2026; on September 23, 2026 Sky News reported that Brookfield's financial infrastructure arm was in exclusive talks to buy it for about $2 billion, adding that no deal was final and talks could still fall apart.[4][2][1]
Deployment
SaaS (X-Sight and Xceed cloud platforms) or on-premises under term licences
Pricing
Sales-led enterprise contracts: cloud subscriptions with transaction- or usage-based fees, or on-premises term licences, plus professional services · not published
Banks among the 100
4
- Actimize Ltd. was incorporated in Israel in December 1999; NICE agreed in July 2007 to acquire it for about $280 million, and NICE's 2025 annual report names Craig Costigan as CEO of NICE Actimize since November 2018.
- NICE put Actimize up for sale in 2026. Sky News reported on September 23, 2026 that Brookfield's financial infrastructure arm was in exclusive talks to buy it for about $2 billion, that earlier interest had come from Advent International and New Mountain Capital, and that a deal had yet to be finalised.
- NICE's Financial Crime and Compliance segment reported $137 million of revenue in the second quarter of 2026, 18% of NICE's total and up 6% year over year, according to a GuruFocus summary of NICE's earnings call.
- KeyBank said in June 2025 that it was fully live on the X-Sight SaaS platform for fraud and AML, with ActOne case management and X-Sight Enterprise AML including customer due diligence, replacing previous solutions.
- In 2025-2026 Actimize added agentic-AI features: InvestigateAI in X-Sight ActOne (April 2025), which Actimize says cuts investigation time by 50% or more, Xceed AI agents for alert triage (April 2025), and the Actimize Insights Network for counterparty risk signals (January 2026).
- Actimize says more than 1,000 organisations in more than 70 countries use its software (vendor-reported, 2026 boilerplate); its largest 2026 announced win is DNB Bank ASA in Norway, delivered with Infosys.
- Pricing is not published. Actimize's invoicing policy defines transaction-based or usage-based fees for cloud services and a 'Variance' for usage above the contracted scope of use.
What does NICE Actimize sell to banks?
| Product | What it does | Status |
|---|---|---|
| X-Sight Enterprise platform[4][6][16] | Cloud platform for large institutions that hosts Actimize's fraud, AML, screening and case-management applications; KeyBank and DNB are named users. | Generally available |
| Xceed AI FRAML[18][13] | Mid-market SaaS platform combining fraud prevention and AML compliance, with Xceed AI agents (April 2025) that automate alert triage, backlog categorisation and high-risk case summaries. | Generally available |
| Suspicious Activity Monitoring (SAM) and Customer Due Diligence (CDD)[10][8][11][16] | AML transaction monitoring and customer risk rating across onboarding and ongoing review; deployed at Associated Bank since 2012 and selected by Fifth Third (CDD, 2016), Valley National (2017) and DNB (2026). | Generally available |
| Integrated Fraud Management (IFM)[19][7] | Real-time fraud detection across channels and payment types, including scams and mule defence, payments fraud, and claims and investigations tools. | Generally available |
| WL-X sanctions screening[20] | Screening of parties and payments against sanctions and other watchlists in real time, batch or on demand. | Generally available |
| ActOne case management with InvestigateAI[21][12] | Enterprise case management for fraud, AML and compliance investigations; the April 2025 release added agentic AI that drafts investigation plans from a bank's own policies and asks humans to step in when needed. | Generally available |
| STAR (Suspicious Transaction Activity Reporting)[22] | SAR preparation and e-filing that auto-fills report fields and uses generative AI to draft narratives. | Generally available |
| Actimize Insights Network[14] | Launched January 27, 2026: cross-institution payee and counterparty risk signals for scam, mule and AML detection, designed for instant payments with millisecond response times. | Generally available |
| Financial Markets Compliance[23] | Trade surveillance, communication surveillance and archiving, and sales-practice monitoring for broker-dealers and banks' markets businesses. | Generally available |
How much does NICE Actimize cost?
How it is charged: Sales-led enterprise contracts: cloud subscriptions with transaction- or usage-based fees, or on-premises term licences, plus professional services.
NICE Actimize does not publish a price list.
Pricing is not published. Actimize's invoicing policy defines transaction-based or usage-based fees for cloud services and a 'Variance' for usage above the contracted scope, but lists no rates; product pages direct buyers to request a demo.
Which banks use NICE Actimize?
| Bank | What | Status |
|---|---|---|
| KeyCorp (KeyBank) | X-Sight SaaS platform for fraud and AML: Integrated Fraud Management, ActOne case management and X-Sight Enterprise AML with customer due diligence, fully live by June 2025 (IFM for mobile and digital banking fraud was first selected in 2016).[6][7] | In production |
| Associated Banc-Corp | AML: customer due diligence, suspicious activity monitoring and risk case management, in production since November 2012, with case management later extended to fraud and investigations; Integrated Fraud Management was also selected in 2012. Per a NICE Actimize case study dated Q4 2014; no later update found.[9][10] | In production |
| Fifth Third Bancorp | Customer Due Diligence and Core Risk Rating Engine for customer onboarding risk assessment, selected January 2016 as part of an existing Actimize relationship (no later update found).[8] | Selected |
| Valley National Bancorp | Unified AML platform starting with Customer Due Diligence, followed by Suspicious Activity Monitoring and case management, selected March 2017 (no later update found).[11] | Selected |
Among the 100 largest US banks on this site, from sources that name the bank: the bank, NICE Actimize or the press. Status is the furthest stage a source confirms.
What is X-Sight?
NICE's AI cloud platform for the high end of the market, hosting Actimize's fraud (IFM), AML (SAM, CDD), screening (WL-X) and ActOne case-management applications; NICE describes it as powered by machine learning, agentic AI and generative AI, and positions Xceed as its mid-market cloud platform.[4][12]
What has NICE Actimize done, and when?
- Sep 23, 2026
Brookfield reported in exclusive talks to buy Actimize[1]
Sky News reported that Brookfield's financial infrastructure arm was in exclusive talks to buy Actimize from NICE for about $2 billion; sources said a deal had yet to be finalised and could fall apart.
- Jun 2, 2026
DNB Norway selects X-Sight Enterprise[16]
DNB Bank ASA selected X-Sight Enterprise cloud solutions (SAM, IFM, ActOne, WL-X, CDD, ActimizeWatch, X-Sight DataIQ), with Infosys as systems integrator.
- Jan 27, 2026
Actimize Insights Network launched[14]
A cross-institution intelligence network giving banks real-time payee and counterparty risk signals for scams, mule detection and AML investigations.
- Jun 12, 2025
KeyBank fully live on X-Sight[6]
KeyBank said it was fully live with fraud and AML on the X-Sight SaaS platform, with ActOne case management and X-Sight Enterprise AML including CDD, replacing previous solutions.
- Apr 7, 2025
Xceed AI agents launched[13]
Actimize embedded AI agents in its mid-market Xceed AI FRAML platform for alert triage, backlog categorisation and case summaries, with analysts in the loop.
- Apr 2, 2025
Agentic AI added to X-Sight ActOne[12]
Actimize released a new X-Sight ActOne with InvestigateAI, agentic AI that plans and runs investigations from a bank's policies; Actimize says it cuts investigation time by 50% or more.
- Nov 1, 2018
Craig Costigan becomes CEO[4]
Craig Costigan, previously President of Capital Markets and Credit at FIS, became CEO of NICE Actimize in November 2018.
- Mar 27, 2017
Valley National Bank selects Actimize for AML[11]
Valley National Bank selected a unified Actimize financial-crime platform, starting with CDD and followed by SAM and case management.
- Feb 16, 2016
KeyBank selects Integrated Fraud Management[7]
KeyBank selected IFM to protect mobile banking, P2P and mobile remote deposit capture across its network, extending its existing fraud relationship with Actimize.
- Jan 19, 2016
Fifth Third selects Actimize CDD[8]
Fifth Third Bancorp selected Actimize's Customer Due Diligence software and Core Risk Rating Engine for customer onboarding risk assessment, continuing an existing relationship.
- May 31, 2012
- Jul 2, 2007
NICE agrees to buy Actimize for about $280 million[2]
NICE Systems signed a definitive agreement to acquire Actimize for a total consideration of about $280 million, expecting $55-60 million of non-GAAP revenue from it in 2008.
- Dec 1, 1999
Actimize incorporated in Israel[3]
Actimize Ltd. was incorporated in December 1999 under Israeli law and began operations in January 2000, selling software for anti-money laundering, fraud prevention and regulatory compliance.
What do banks use NICE Actimize for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| AML transaction monitoring and customer due diligence[6][10] | SAM monitoring and CDD risk rating, in production at KeyBank and Associated Bank and selected by Fifth Third and Valley National. | In production | AML / KYC |
| Enterprise fraud management[6][19] | IFM real-time fraud detection across digital channels and payments, live at KeyBank on X-Sight. | In production | Fraud detection |
| Sanctions and watchlist screening[20][16] | WL-X screening of parties and payments in real time, batch or on demand; part of DNB's 2026 selection. | In production | AML / KYC |
| Agentic AI investigations and SAR narratives[12][22] | InvestigateAI drafts investigation plans in ActOne; STAR uses generative AI to draft SAR narratives, with human review. | In production | Generative & agentic AI |
| Scam and mule detection from network data[14] | The Insights Network adds cross-institution payee risk signals for authorised push-payment scams and mule accounts. | In production | Fraud detection |
| Trade and communications surveillance[23] | Markets surveillance, communication surveillance and archiving for regulated staff in banks' markets businesses. | In production | Trading & capital markets |
What has NICE Actimize disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| Financial Crime and Compliance segment revenue (NICE) | $137 million in Q2 2026, 18% of NICE's total revenue, up 6% year over year[5] | Jun 30, 2026 |
| Reported sale price under discussion | About $2 billion (Sky News, Brookfield talks; not agreed)[1] | Sep 23, 2026 |
| NICE's 2007 purchase price | About $280 million[2] | Jul 2, 2007 |
| Customer organisations (vendor-reported) | More than 1,000 organisations in more than 70 countries[16] | Jun 2, 2026 |
| Investigation time saved by InvestigateAI (vendor-reported) | 50% or more[12] | Apr 2, 2025 |
| US ACH fraud growth in 2025 (Actimize research) | Attempted ACH fraud value up 52% while total ACH payment value grew 11%[15] | Dec 31, 2025 |
“We were challenged by increased costs associated with manual system upgrades and patches. By replacing our previous solutions, we have ensured consistent performance and minimized system downtime, allowing the organization to respond more effectively to evolving regulatory changes.”[6]
Amy Brady · Chief Information Officer, KeyBank · Jun 12, 2025
“Financial crime is borderless, fast-moving, and increasingly sophisticated. No single institution can fight it alone,”[14]
Craig Costigan · CEO, NICE Actimize · Jan 27, 2026
“What makes the 2026 findings particularly significant is that fraud is not just growing. It is adapting specifically to defeat the controls financial institutions have invested in,”[15]
Craig Costigan · CEO, NICE Actimize · Apr 28, 2026
Who runs NICE Actimize?
Craig Costigan
Chief Executive Officer, NICE Actimize (since November 2018; previously at FIS)[4][17]
Chad Hetherington
Vice President, Global Head of Product[17]
Michael Barrett
General Manager, AML[17]
Yuval Marco
General Manager, Enterprise Fraud Prevention[14]
Scott Russell
Chief Executive Officer, NICE Ltd (parent; since January 2025)[4]
Which rules apply to a bank using NICE Actimize?
| Authority | Why it matters here | Documents |
|---|---|---|
| FinCEN | Actimize's SAM monitoring, CDD and STAR SAR-filing tools sit inside a bank's BSA/AML program; the 2018 joint statement lets banks pilot AI such as InvestigateAI without presuming supervisory action, and FinCEN's April 2026 program proposal would weigh effective use of AI in assessing that program. | 2018 Joint Statement on BSA/AML Innovation 2026 AML/CFT Program Proposed Rule |
| Federal Reserve | Actimize's transaction-monitoring scenarios, risk-rating engine and machine-learning fraud models are vendor models a bank must validate and tune under SR 26-2, which replaced the 2021 BSA/AML model-risk statement. | SR 26-2 SR 23-4 |
| OCC | A national bank running Actimize as SaaS depends on it for critical AML and fraud controls, which OCC Bulletin 2023-17 treats as a third-party relationship to manage through its life, including a change of owner such as the reported Brookfield sale; OCC Bulletin 2026-13 sets model-risk expectations for vendor AI models. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| FDIC | State non-member banks using Actimize's AML models follow the FDIC's adoption of the revised model risk management guidance, which covers vendor-supplied transaction-monitoring and customer-risk models. | FDIC FIL-15-2026 |
Linked authorities have a page in the AI Regulation Tracker; the others are named for completeness.
What should a bank note before buying NICE Actimize?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Ownership may change
NICE is selling Actimize and Brookfield was reported in exclusive talks on September 23, 2026. No agreement has been announced; a buyer change would fall under a bank's third-party risk review of contract, roadmap and support terms.
02
Pricing is not published
Actimize lists no prices. Its invoicing policy defines transaction- or usage-based cloud fees and a 'Variance' for usage above the contracted scope, so volume assumptions matter to cost.
03
Most named US bank deals are old
Only KeyBank has a recent (2025) public statement. The Fifth Third, Associated and Valley National announcements date from 2012-2017 and no later update was found.
04
AI results are vendor-reported
The 50%-or-more investigation-time saving for InvestigateAI and similar efficiency claims come from Actimize's own releases, not independent measurement.
05
Cloud and on-premises both remain in use
NICE's CFO said in August 2026 that some large financial institutions may stay on-premises on a term basis rather than move to the cloud, so deployment options vary by contract.
What are the alternatives to NICE Actimize?
Hawk
AML transaction monitoring, sanctions and customer screening, fraud prevention and AI investigation agents for banks and payment firms.
Quantexa
Decision Intelligence platform: entity resolution and network analytics for AML, KYC and fraud; Cloud AML SaaS for US mid-size banks.
ComplyAdvantage
AML screening, monitoring and payment screening on its own risk data (sanctions, PEPs, adverse media), with AI agents for alert review.
Unit21
Fraud and AML platform: transaction monitoring, screening, case management and SAR filing, with AI agents that run alert investigations.
SymphonyAI
Financial-crime software for banks: AML transaction monitoring, sanctions screening, KYC, payment fraud and AI investigation agents.
How much does NICE Actimize cost?
NICE Actimize does not publish pricing. Contracts are negotiated per institution. Its invoicing policy defines transaction-based or usage-based fees for cloud services and a 'Variance' for usage above the scope set in the order, and NICE's CFO has described on-premises term renewals by large financial institutions. No public price list, plan or rate card exists, and the site directs buyers to request a demo.
Which banks use NICE Actimize?
Among our 100 largest US banks, KeyBank said in June 2025 that it is fully live on Actimize's X-Sight SaaS platform for fraud and AML. Associated Bank has run Actimize AML tools since November 2012. Fifth Third selected Actimize customer due diligence in 2016, and Valley National selected an Actimize AML platform in 2017. Outside the US, DNB Bank in Norway selected X-Sight Enterprise in June 2026.
Who owns NICE Actimize?
NICE Actimize is a business unit of NICE Ltd, listed on Nasdaq as NICE, which agreed to buy Actimize in 2007 for about $280 million. NICE put the unit up for sale in 2026. Sky News reported on September 23, 2026 that Brookfield's financial infrastructure arm was in exclusive talks to buy it for about $2 billion, but no deal had been announced and sources said talks could fall apart.
Is NICE Actimize being sold to Brookfield?
Not yet, based on public sources as of September 24, 2026. Sky News reported that Brookfield was in exclusive talks to buy Actimize for about $2 billion and that a deal had yet to be finalised. Sky News said the business was earlier reported to have drawn interest from private-equity firms including Advent International and New Mountain Capital. Neither NICE nor Brookfield had announced an agreement.
What is the difference between X-Sight and Xceed?
NICE positions X-Sight as its AI cloud platform for the high end of the market, the large banks that run Actimize's full fraud, AML, screening and case-management suite, and Xceed as its cloud platform for the mid-market. Xceed AI FRAML combines fraud and AML in one SaaS product with embedded AI agents for alert triage and case summaries.
Does NICE Actimize use generative or agentic AI?
Yes, according to Actimize. Since April 2025, X-Sight ActOne has included InvestigateAI, which reads a bank's policies to draft investigation plans and asks humans to step in when needed; Actimize says it cuts investigation time by 50% or more. The STAR module uses generative AI to draft SAR narratives, and Xceed AI agents triage alerts.
How does NICE Actimize compare to Hawk or Unit21?
Actimize is a long-established suite, founded in 1999, covering fraud, AML, screening, case management and trade surveillance, and sold to large banks on X-Sight and to mid-sized ones on Xceed, in the cloud or on premises. Hawk and Unit21 are younger, cloud-only vendors. Any comparison of detection quality depends on a bank's own testing; the results each vendor publishes are its own claims.
- Brookfield in talks to buy financial crime specialist Actimize for $2bn
- Nice Systems to acquire Actimize
- Audited Financial Statements of Actimize Ltd. (Form 6-K, Exhibit 99.5)
- NICE Ltd. Annual Report on Form 20-F for the fiscal year ended December 31, 2025
- NICE Ltd (NICE) (Q2 2026) Earnings Call Highlights: Record AI Bookings and Cloud Momentum Drive ...
- NiCE Actimize X-Sight AI Enterprise Platform Increases Modernization of KeyBank's Financial Crime Operations
- NICE Actimize Selected by KeyBank for Enterprise Fraud Solutions to Fulfill Customer Demand for Mobile and Digital Banking
- NICE Actimize CDD Solution Selected by Fifth Third Bancorp for its Customer Onboarding Risk Assessment and Powerful Risk Rating Engine
- NICE Actimize Selected by Associated Banc-Corp to Provide Anti-Money Laundering and Enterprise Fraud Solutions to Support its Financial Crime Strategy
- Case Study - Associated Bank (undated page, retrieved 2026-09-24)
- NICE Actimize Selected by Valley National Bank to Implement Its New AML and Financial Crime Platform Strategy
- NiCE Actimize X-Sight ActOne Platform Redefines Financial Crime Investigations with Agentic AI
- NICE Actimize Introduces Xceed AI Agents for Faster, Smarter Fraud and FinCrime Prevention
- NICE Actimize Unveils Insights Network, the Unified Force for Proactive Fraud & Financial Crime Prevention
- NICE Actimize 2026 Fraud Insights Report Identifies a Crucial Turning Point for Digital Fraud Detection
- NICE Actimize X-Sight Enterprise Cloud Solutions Selected by DNB Norway to Transform its Fraud and Financial Crime Operations
- Leadership Team (undated page, retrieved 2026-09-24)
- Xceed: AI FRAML Platform (undated page, retrieved 2026-09-24)
- Enterprise Fraud Management (undated page, retrieved 2026-09-24)
- Sanctions Screening (undated page, retrieved 2026-09-24)
- Enterprise Risk Case Management System (undated page, retrieved 2026-09-24)
- Suspicious Transaction Activity Reporting (STAR) (undated page, retrieved 2026-09-24)
- Financial Markets Compliance (undated page, retrieved 2026-09-24)
- The Actimize Invoicing Policy (undated page, retrieved 2026-09-24)
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