NICE Actimize Adds Cryptocurrency Innovator CipherTrace to X-Sight Marketplace to Enhanc…

HOBOKEN, N.J.–(BUSINESS WIRE)–With cryptocurrency-related compliance issues on the rise, and an increase in enforcement actions anticipated, the need for financial institutions to adopt solid AML programs addressing this market segment is expected to escalate this year. With this activity at the forefront, NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that CipherTrace, a leading provider of cryptocurrency intelligence and blockchain security, has joined the X-Sight Marketplace, the industry’s first financial crime and compliance ecosystem. The X-Sight Marketplace gateway connects financial services organizations with data, applications, tools and service providers, all in one place, to allow users to experience the value of choice while reducing integration timelines.

The CipherTrace offering identifies cryptocurrency transactions going to digital wallets and crypto exchanges that are known to…