NICE Actimize Augments Cloud Native X-Sight Financial Crime Platform with Sparkling Logic’s Decision Management Technology
Sparkling Logic’s decision management platform leverages data insights and authors business rules to define automated decisions
Hoboken, N.J., December 15, 2021 – NICE Actimize, a NICE (NASDAQ: NICE) business, announced a strategic technology partnership with Sparkling Logic, a California-based provider of decision management systems, to augment NICE Actimize’s cloud native X-Sight financial crime management platform. Sparkling Logic’s advanced decision management platform is designed to bring financial institutions rapid delivery of NICE Actimize’s domain expertise with powerful self-service decision management capabilities.
Sparkling Logic’s platform automates decisions dealing with risk and compliance, reducing the time it takes to adjust to new insights gained from a range of data and market changes. The cloud-based decision management platform leverages data insights and authors business rules to define automated decisions using industry-leading and patented approaches.
Powered by the security of the cloud, NICE Actimize’s X-Sight AI-driven platform manages and scales analytics and addresses complex demands for flexibility and extensibility at scale. X-Sight also introduces unlimited data from any source, extensive analytics, and intelligent automation.
When integrated with NICE Actimize’s platform, Sparkling Logic’s innovative decision management technology will support financial institution customers by making more rapid decisions on financial crime strategies and providing the ability to view the overall impact across all NICE Actimize analytics. This capability allows X-Sight customers to make more informed decisions while maximizing financial crime coverage and controlling costs.
“Growing data volume and business complexity require a faster response to escalating problems such as fraud, regulatory compliance, personalized account management, collection, and recovery,” said Carole-Ann Berlioz, Co-Founder and Chief Product Officer, Sparkling Logic. “Our decision management technology will further enhance NICE Actimize’s powerful X-Sight platform by empowering business decisions with greater agility, visibility, and intelligence.”
“This technology partnership delivers our X-Sight customers more rapid development and deployment of financial crime management strategies across the broader NICE Actimize analytics ecosystem,” said Craig Costigan, CEO, NICE Actimize. “We look forward to incorporating the power of Sparkling Logic’s innovations in decision management into our advanced financial crime platforms.”
About Sparkling Logic
Sparkling Logic Inc. is a California-based company leading technology innovation in decision management. Sparkling Logic’s SMARTSTM decision management is a business rules and analytics technology that empowers business and data analysts to discover, test, simulate, deploy and continuously improve data-informed business decisions that drive daily business operations in applications and systems. Find us at www.sparklinglogic.com, @sparklinglogic.
About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk, and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers’ and investors’ assets by identifying financial crime, preventing fraud, and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.
With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform – and elevate – every customer interaction. www.nice.com.
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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 Mr. Costigan, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements 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 changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; 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; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). 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 SEC, 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.
Data intelligence provider using SMARTS to deliver no-code quote manipulation solution
1 November 2021: Insurance data intelligence provider, Percayso Inform, is proud to announce that it has selected Sparkling Logic as a key partner in the delivery of Percayso Inform Manager – its newly launched no-code quote manipulation solution.
Percayso selected Sparkling Logic SMARTS™ as the decision engine to support this ground-breaking solution for UK insurers, MGAs and brokers.
SMARTS is a cloud-based, low-code/no-code, AI-powered business decision management platform that unifies authoring, testing, deployment and maintenance of operational decisions. SMARTS combines highly scalable inference engines with predictive analytics and machine learning models and low-code functionality to create intelligent decisioning systems.
“Sparkling Logic stood out from the crowd. The functionality, configurability and ease of use of SMARTS ticked all our boxes but what really impressed us was the genuine desire by their team to create a true partnership and build a foundation from which we could both grow together,” says Percayso Inform Managing Director, Richard Tomlinson. “Working together we have delivered a unique proposition for insurance providers – one that means they no longer have to rely on external third parties to hard-code changes to their data enrichment, rating and intelligence strategies. The potential competitive advantage this could deliver is huge.”
Percayso Inform Manager allows insurance providers of all shapes and sizes from start-ups to global insurance businesses across personal and commercial lines to dynamically and intuitively build, adapt and optimise their own data enrichment, rating and intelligence strategies. It enables high volume data ingestion, rules configuration, operational and strategic decision management as well as a string of valuable features such as reporting, dashboards, champion challenger, data manipulation and more.
“From the start of our discussions, we were very excited to work with Percayso Inform, which for us is an example of real transformation in the modern insurance industry, driven by data and automation,” said Co-Founder and Chief Product Officer of Sparkling Logic, Carole-Ann Berlioz. “Their vision is bold, their strategy is clear, and their solution is innovative. It is always an honour for us to work with such game changers.”
About Percayso Inform
Percayso Inform’s insurance intelligence goes beyond traditional data enrichment, providing unique, real-time solutions at all stages of the insurance lifecycle and delivers unrivalled insight into insurance customers, risk and fraud.
About Sparkling Logic
Sparkling Logic is a Silicon Valley company dedicated to helping businesses automate and improve the quality of their operational decisions with a powerful digital decisioning platform, accessible to business analysts and ‘citizen developers’. Sparkling Logic’s customers include global leaders in financial services, insurance, healthcare, retail, utility, and IoT.
Sparkling Logic was honoured by CIO Review as one of the Most Promising Fintech Services and Consulting Companies in 2021.
Sparkling Logic continues its endorsement of open standards, implementing all-new version of the Decision Model and Notation (DMN) standard
Sunnyvale, CA., October 1, 2021 – Sparkling Logic today announced that it has released a new version of its Pencil technology in line with DMN 1.3.
“Since its inception, Sparkling Logic has fully supported the Decision Model and Notation (DMN) standard,” said Carole-Ann Berlioz, Co-Founder and Chief Product Officer at Sparkling Logic. “ The DMN standard has brought to decision management a graphical notation that comes with a powerful underlying methodology. With DMN, business analysts think about the ultimate decision(s) in a structured way, starting from the top-level decision to smaller sub-decisions. This iterative process is very friendly, and very easy to share with colleagues. A must for decisioning projects that necessitate formal requirements and decision modeling, “ she added.
Pencil is Sparkling Logic SMARTS’ implementation of DMN. It is a graphical tool that business analysts use to model business decisions by dragging and dropping graphical icons to form a decision process, from the top-level decision to the lowest-level decisions. Business analysts can immediately start capturing data requirements, decision models, and business rules, while collaborating to achieve the best explicit description of the decisions required for large systems and applications.
Pencil’s glossary can be used across decisions to achieve consistent use of terminology related to decisions. Business analysts can create or import data and then execute, test, and continue to refine and improve decisions. Once decision modeling is done, Pencil provides a direct path to an executable decision. And all this without leaving SMARTS.
With Pencil, decision models are first-class citizens. The full compliance with DMN 1.3 means that all the DMN elements and expressions, as well as the ability to interchange diagrams with other DMN tools, are part of SMARTS.
At Sparkling Logic, we strongly believe in open standards. This is why we are part of the DMN On-Ramp Group, whose mission is to provide a checklist to help customers adopt DMN.
- Register for a webinar on decision modeling in SMARTS with DMN 1.3
- Request a custom demo
- Download the White Paper
- Request a free evaluation
- Follow us on Twitter
- Read our Blog
- Visit us on LinkedIn
About Sparkling Logic
Sparkling Logic Inc. is a Silicon Valley company dedicated to helping businesses automate and improve the quality of their operational decisions with a powerful digital decisioning platform, accessible to business users and “citizen developers”. Sparkling Logic’s customers include global leaders in financial services, insurance, healthcare, retail, utility, and IoT.
Sparkling Logic SMARTSTM (SMARTS for short) is a cloud-based, low-code, AI-powered business decision management platform that unifies authoring, testing, deployment, and maintenance of operational decisions. SMARTS combines the highly scalable Rete-NT inference engine, with predictive analytics and machine learning models, and low-code functionality to create intelligent decisioning systems.
DMNTM is a modeling language and notation for the precise specification of business decisions and business rules. It is a standard developed and maintained by the Object Management Group (OMG), an international, non-profit, open-membership consortium of technology standards, founded in 1989. Learn more about DMN.
Sparkling Logic honored by CIOReview as one of the “Most Promising Fintech Service and Consulting Companies in 2021”
Sunnyvale, CA., August 25, 2021– Sparkling Logic today announced that it was listed in the top 10 fintech companies of 2021 on the cover of the CIOReview (Fintech Service Edition — August 9th, 2021). CIOReview’s editors recognized Sparkling Logic’s decision management technology as a highly sophisticated, yet easy to use, platform for developing, deploying, and improving operational decisions.
“From the start, we wanted to build a technology that empowers users, those who own and manage day-to-day operational decisions,” said Carole-Ann Berlioz, Co-Founder and Chief Product Officer at Sparkling Logic. “ We have developed a holistic approach that merges decision authoring, testing, deployment, and maintenance, through a single platform with the same interface, thus reducing the complexity and distraction of using different tools for end-to-end decision lifecycle management, “ she added.Read More »
Sparkling Logic forms partnership with Kadlog to better serve European market.
Sunnyvale, CA., February 12, 2021– Sparkling Logic today announced a partnership with Kadlog to provide local and regional distribution and implementation services around its leading decision management product, SMARTS. Sparkling Logic has technology and distribution partners around the world. Due to the expansion of its European business, Sparkling Logic looks to better serve the European market with this new partnership.Read More »
Sparkling Logic SMARTS now enables untrained business users to define, test, and run simulations on decision strategies.
Sunnyvale, CA., November 18, 2020 – Sparkling Logic today announced the general availability of the latest release of its AI-driven SMARTS decision management platform. This release introduces Business Applications that enable business experts, who are not trained in using Sparkling Logic, to define and make changes to decisions and perform decision management activities. SMARTS’ Business Applications present these capabilities in an intuitive business-oriented representation through web forms and point and click operations. Business experts can now control which decision strategies are deployed in production, ensuring that deployed decisions are optimized for the current business environment. For example:
• Pricing specialists can control pricing tables
• Call center specialists can control routing logic
• Fraud specialists can control the settings for a statistical analysis of transactions for alerts
• Marketing specialists can control the configuration of marketing campaigns
“Putting business experts in control of operational decisions has always been the promise of business rules and decision management technology,” said Carole-Ann Berlioz, Sparkling Logic CPO. “Until now it has only been possible for untrained business users to make changes to rules or decision parameters while leaving the critical activities of testing, simulation and deployment of these changes to IT. Our latest SMARTS release enables the creation of Business Applications that not only allow untrained business experts to modify the decision strategy, but also to test, run simulations and ultimately deploy a new strategy.”
SMARTS’ Business Applications are built using SMARTS’ Dynamic Questionnaire and Orchestration capabilities so business analysts and software developers using SMARTS can build Business Applications using the same user interface and tools used to define and manage decisions. SMARTS’ Business Applications can significantly reduce the cost of maintaining decision logic by defining the interactions that allow business experts to not only make changes to the decision but also to test and run simulations to ensure those changes perform as expected. By automating much of the decision management lifecycle, Business Applications significantly reduce the overall time to deploy changes as well as the risk associated with allowing business experts to control the process.
In addition to the new Business Applications, this release introduces several major features including support for Linux containers, merging Pencil Decision Modeler into SMARTS so they are a single product, and extended integration with external meta data and data catalogs for decision development, testing, simulation and machine learning operations.
Additional Request a custom demo – https://www.sparklinglogic.com/request-a-demo/
– Download the SMARTS Analytics -Driven Automated Decisions White Paper – https://www.sparklinglogic.com/resources/analytics-driven-automated-decisions/
– Request a free Sparkling Logic SMARTS evaluation – https://www.sparklinglogic.com/evaluation/
– Follow us on Twitter – https://twitter.com/SparklingLogic
– Read our Blog – https://www.sparklinglogic.com/blog/
About Sparkling Logic
Sparkling Logic Inc. is a California-based company leading technology innovation in Decision Management. Sparkling Logic’s SMARTS™ decision management system is a business rules and analytics platform that empowers business and data analysts to discover, test, simulate, deploy and continuously improve data-informed business decisions that drive daily business operations in applications and systems.
Learn more about Sparkling Logic at www.sparklinglogic.com.
Sparkling Logic, Sparkling Logic SMARTS, RedPen and BluePen are trademarks of Sparkling Logic, Inc. in the United States and in other countries. Patents Pending.
SMARTS recognized as a scalable solution to cope with the direct and indirect impact of COVID-19.
Sunnyvale, CA., July 14, 2020 – Sparkling Logic is proud to announce that it was honorably nominated as a finalist in the UNIDO Global Call in the China region. UNIDO (United Nations Industrial Development Organization – https:// www.unido.org) issued a Global Call aimed at identifying “innovate Ideas and Technologies vs. COVID-19 and beyond”.
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Latest Sparkling Logic SMARTS release enables monitoring of deployed decisions in near real-time.
Sunnyvale, CA., October 28, 2019 – Sparkling Logic today announced the general availability of the latest release of its AI-driven SMARTS decision management platform. This release introduces Real-time Decision Metrics that enable organizations to monitor the business quality of decisions as they execute, and trigger alerts when specific business thresholds are reached. Sparkling Logic SMARTS is the first Decision Management product to support real-time monitoring of deployed decisions.
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