NICE Actimize has entered a definitive agreement to acquire Guardian Analytics, the provider of an AI cloud-based financial crime risk management solutions. Powered by the cloud, Guardian Analytics simplifies deployments and ongoing operations, optimising operational resource efficiency.

The acquisition is expected to close in Q4 2020.

"Today, NICE Actimize is taking a significant step forward in advancing the future of managing financial crime risk," said Craig Costigan, NICE Actimize CEO. "The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth."

"We are excited to join forces with NICE Actimize and look forward to the opportunities that the combination of our expertise and capabilities will bring to market," said Eric Tran-Le, Guardian Analytics Co-CEO. "Financial services organizations need to stay ahead of today's threats and our unique offerings enable firms to rely on a single provider to accelerate their financial crime risk management strategies, especially given the dynamic nature of today's market."