Are Passwords Passé? NICE Shows How Companies are Using Voice Biometrics to Authenticate Callers in Real-time at FinovateFall 2014

PARAMUS, New Jersey, September 15, 2014 /PRNewswire/ --

NICE Systems (NASDAQ: NICE) today announced that it will present a live demonstration of NICE Real-Time Authentication to improve the customer experience while reducing the risk of fraud at FinovateFall 2014. The event will take place September 23-24, 2014 at the New York Hilton Midtown in New York City.

The NICE Real-Time Authentication solution validates customers as they conduct a conversation with an agent, using their voice as a unique identifier, all without PINs, passwords, or key phrases to remember. NICE's patent-pending Seamless™ Passive Enrollment process leverages a customer's previous call recordings to create a voice print to automatically confirm the caller's identity.

The solution simplifies the often rigorous authentication process, reducing customer effort by avoiding interrogation-like questioning. It also drives down average handle time by up to 45 seconds per call. NICE Real-Time Authentication is already being used by several large financial institutions across the globe, handling millions of calls with high availability and large-scale capacity.

At the event, NICE will give a live demonstration on September 23 at 9 a.m. of how the solution authenticates legitimate callers in the first few seconds of the call, while keeping imposters out.

Eric Mattson, CEO, Finovate 

"Finovate brings the world's leading FinTech innovators together for a flagship two-day showcase of the latest and greatest financial and banking technology. NICE has been selected to demonstrate their new, groundbreaking NICE Real-Time Authentication solution to protect customers and financial institutions against fraudulent activity."

Tom Dziersk, President, NICE Americas 

"As financial crime becomes more and more sophisticated, financial institutions face significant challenges when trying to provide immediate and efficient customer service while protecting sensitive customer information. Speeding up the customer authentication process frees up valuable time to allow organizations to focus on the customer's needs. Real-time voice authentication technology helps financial institutions get closer to their customers by servicing them faster, smarter and safer to protect them against fraud while providing an exceptional customer experience."

About FinovateFall  

FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York City, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, visit finovate.com.

About NICESystems 

NICE Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE's solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, 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 Dziersk, 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, [email protected]

Investors 

Marty Cohen, +1-212-574-3635, [email protected], ET

Yisca Erez +972-9-775-3798, [email protected], CET

SOURCE NICE Systems

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