DNB Bank ASA, Norway's largest financial services group, has selected NICE Actimize's X-Sight Enterprise platform to modernize its fraud and financial crime operations. The implementation is being conducted in collaboration with Infosys (NYSE: INFY), according to a statement from NICE (NASDAQ: NICE).

The selected solutions include NICE Actimize's Suspicious Activity Monitoring and Integrated Fraud Management systems. Additional components comprise ActOne Enterprise Case Management, WL-X sanctions screening, Customer Due Diligence, ActimizeWatch, and X-Sight DataIQ.

Infosys will serve as the systems integration partner, leading the modernization of DNB's financial crime technology infrastructure. The project includes enterprise architecture design, platform integration, and data migration to consolidate customer screening, payment screening, customer due diligence, and transaction monitoring onto a single cloud-based platform.

"Protecting customers and the integrity of the financial system requires us to continuously raise the bar on detection and investigation," said Elin Sandnes, COO and Executive Vice President Technology & Services at DNB Bank ASA.

The X-Sight platform provides fraud and financial crime risk management capabilities with data integration, analytics, and automation features designed for enterprise-scale operations. The system aims to detect money laundering activities and identify mule rings through network analytics.

DNB operates as Norway's largest financial services group and one of the largest in the Nordic region by market capitalization. The bank provides loans, savings, advisory services, insurance, and pension products to retail and corporate customers across Norway and international markets.