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NICE's New Banking Module Selected by Bank Mizrahi Tefahot to Secure its Branches and ATMs for Ensuring Regulatory Compliance
New NICE solution enables Bank Mizrahi Tefahot to detect ATM fraud, improve claim settlement and enhance the physical security by capturing video recordings inside branches and from ATMs
RA'ANANA, Israel, April 30, 2012/PRNewswire-FirstCall/ --
NICE (NASDAQ: NICE), announced today that Israeli bank, Bank Mizrahi Tefahot, selected
the new NiceVision banking solution to secure its branches and ATM systems located
throughout Israel. The new NiceVision banking solution captures video recordings inside
branches and from ATMs for fraud detection and claim settlement, and allows for easy
access and retrieval of video evidence; supporting compliance with law enforcement
requirements.
The NICE banking solution includes new capturing devices tailored for ATMs and
branches. It also features an innovative multi-site management dashboard for quick and
efficient view of the status of video surveillance systems of all bank branches, enabling
at-a-glance-detection of malfunctions and security alerts. Additionally, smart ATM
integration enables banks to quickly and easily pinpoint ATM video footage for
investigations, querying transaction IDs, locations or other ATM data.
"After extensive evaluations of different vendors, we are very confident about
choosing NICE to enhance security at our branches and ATMs. We are proud to be the first
bank in Israel to implement the new NICE security banking module. The cost effective
recording platform together with cutting edge control room applications, created a unique
solution, which perfectly complies with our internal regulations and national law
enforcement requirements," said Rita Rubinstein Member of the Board of Management and Vice
President at Mizrahi Tefahot Bank.
"We are honored to be selected by Bank Mizrahi Tefahot for its nationwide surveillance
systems replacement. The combination of NICE's cutting edge technology and low total cost
of ownership (TCO) was a key factor for the project's success. This new banking solution
is part of our extensive offering to the financial institutions," said Guy Yaniv, General
Manager, Surveillance Solutions Division, at NICE.
NICE's Security Offering addresses the needs of governments and enterprises with
intent-based solutions for fighting crime and terror, by anticipating, managing and
mitigating safety, security and operational risks. The offering enables capturing,
analysis and correlation of data from multiple sensors and systems, including audio,
video, radio, geo-location and web, providing a framework for fusing data silos into a
single, holistic operational view. NICE Security solutions empower organizations to act
effectively in real time to prevent, manage and investigate incidents, ensuring fast
resolution and debriefing, and continuous security improvements. NICE Security solutions
are deployed worldwide in transportation systems, critical infrastructures, city centers
and enterprise campuses.
About Mizrahi Tefahot
Mizrahi Tefahot is Israel's fourth largest bank by assets and offers a complete range
of international, commercial, domestic and personal banking services. Total assets as of
September 30, 2011 totaled USD 39.57 billion,
About NICE
NICE (NASDAQ: NICE) is the worldwide leader of intent-based solutions that capture and
analyze interactions and transactions, realize intent, and extract and leverage insights
to deliver impact in real time. Driven by cross-channel and multi-sensor analytics, NICE
solutions enable organizations to improve business performance, increase operational
efficiency, prevent financial crime, ensure compliance, and enhance safety and security.
NICE serves over 25,000 organizations in the enterprise and security sectors, representing
a variety of sizes and industries in more than 150 countries, and including over 80 of the
Fortune 100 companies. http://www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE
Systems. All other marks are trademarks of their respective owners. For a full list of
NICE Systems' marks, please see: http://www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking statements,
including the statements by Messer Yaniv, are based on the current expectations of the
management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks
and uncertainties that could cause the actual results or performance of the Company to
differ materially from those described herein, including but not limited to the impact of
the global economic environment on the Company's customer base (particularly financial
services firms) and the resulting uncertainties; changes in technology and market
requirements; decline in demand for the Company's products; inability to timely develop
and introduce new technologies, products and applications; difficulties or delays in
absorbing and integrating acquired operations, products, technologies and personnel; loss
of market share; pressure on pricing resulting from competition; and inability to maintain
certain marketing and distribution arrangements. For a more detailed description of the
risk factors and uncertainties affecting the company, refer to the Company's reports filed
from time to time with the Securities and Exchange Commission, including the Company's
Annual Report on Form 20-F. The forward-looking statements contained in this press release
are made as of the date of this press release, and the Company undertakes no obligation to
update or revise them, except as required by law.
Corporate Media Contact
Erik Snider, +1-877-245-7448, erik.snider@nice.com
Investors
Marty Cohen, +1-212-574-3635, ir@nice.com, ET
Anat Earon-Heilborn +972-9-775-3798, ir@nice.com, CET
Source: NICE Systems Ltd.
NICE's New Banking Module Selected by Bank Mizrahi Tefahot to Secure its Branches and ATMs for Ensuring Regulatory Compliance
New NICE solution enables Bank Mizrahi Tefahot to detect ATM fraud, improve claim settlement and enhance the physical security by capturing video recordings inside branches and from ATMs
RA'ANANA, Israel, April 30, 2012/PRNewswire-FirstCall/ --
NICE (NASDAQ: NICE), announced today that Israeli bank, Bank Mizrahi Tefahot, selected
the new NiceVision banking solution to secure its branches and ATM systems located
throughout Israel. The new NiceVision banking solution captures video recordings inside
branches and from ATMs for fraud detection and claim settlement, and allows for easy
access and retrieval of video evidence; supporting compliance with law enforcement
requirements.
The NICE banking solution includes new capturing devices tailored for ATMs and
branches. It also features an innovative multi-site management dashboard for quick and
efficient view of the status of video surveillance systems of all bank branches, enabling
at-a-glance-detection of malfunctions and security alerts. Additionally, smart ATM
integration enables banks to quickly and easily pinpoint ATM video footage for
investigations, querying transaction IDs, locations or other ATM data.
"After extensive evaluations of different vendors, we are very confident about
choosing NICE to enhance security at our branches and ATMs. We are proud to be the first
bank in Israel to implement the new NICE security banking module. The cost effective
recording platform together with cutting edge control room applications, created a unique
solution, which perfectly complies with our internal regulations and national law
enforcement requirements," said Rita Rubinstein Member of the Board of Management and Vice
President at Mizrahi Tefahot Bank.
"We are honored to be selected by Bank Mizrahi Tefahot for its nationwide surveillance
systems replacement. The combination of NICE's cutting edge technology and low total cost
of ownership (TCO) was a key factor for the project's success. This new banking solution
is part of our extensive offering to the financial institutions," said Guy Yaniv, General
Manager, Surveillance Solutions Division, at NICE.
NICE's Security Offering addresses the needs of governments and enterprises with
intent-based solutions for fighting crime and terror, by anticipating, managing and
mitigating safety, security and operational risks. The offering enables capturing,
analysis and correlation of data from multiple sensors and systems, including audio,
video, radio, geo-location and web, providing a framework for fusing data silos into a
single, holistic operational view. NICE Security solutions empower organizations to act
effectively in real time to prevent, manage and investigate incidents, ensuring fast
resolution and debriefing, and continuous security improvements. NICE Security solutions
are deployed worldwide in transportation systems, critical infrastructures, city centers
and enterprise campuses.
About Mizrahi Tefahot
Mizrahi Tefahot is Israel's fourth largest bank by assets and offers a complete range
of international, commercial, domestic and personal banking services. Total assets as of
September 30, 2011 totaled USD 39.57 billion,
About NICE
NICE (NASDAQ: NICE) is the worldwide leader of intent-based solutions that capture and
analyze interactions and transactions, realize intent, and extract and leverage insights
to deliver impact in real time. Driven by cross-channel and multi-sensor analytics, NICE
solutions enable organizations to improve business performance, increase operational
efficiency, prevent financial crime, ensure compliance, and enhance safety and security.
NICE serves over 25,000 organizations in the enterprise and security sectors, representing
a variety of sizes and industries in more than 150 countries, and including over 80 of the
Fortune 100 companies. http://www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE
Systems. All other marks are trademarks of their respective owners. For a full list of
NICE Systems' marks, please see: http://www.nice.com/nice-trademarks.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking statements,
including the statements by Messer Yaniv, are based on the current expectations of the
management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks
and uncertainties that could cause the actual results or performance of the Company to
differ materially from those described herein, including but not limited to the impact of
the global economic environment on the Company's customer base (particularly financial
services firms) and the resulting uncertainties; changes in technology and market
requirements; decline in demand for the Company's products; inability to timely develop
and introduce new technologies, products and applications; difficulties or delays in
absorbing and integrating acquired operations, products, technologies and personnel; loss
of market share; pressure on pricing resulting from competition; and inability to maintain
certain marketing and distribution arrangements. For a more detailed description of the
risk factors and uncertainties affecting the company, refer to the Company's reports filed
from time to time with the Securities and Exchange Commission, including the Company's
Annual Report on Form 20-F. The forward-looking statements contained in this press release
are made as of the date of this press release, and the Company undertakes no obligation to
update or revise them, except as required by law.
Corporate Media Contact
Erik Snider, +1-877-245-7448, erik.snider@nice.com
Investors
Marty Cohen, +1-212-574-3635, ir@nice.com, ET
Anat Earon-Heilborn +972-9-775-3798, ir@nice.com, CET
Source: NICE Systems Ltd.