Nice Ltd Stock Price, News & Analysis

NICE reported significant growth in digital customer interactions during the Black Friday and Cyber Monday shopping weekend, with an 80% year-over-year increase. The company's CXone MPower AI platform managed record-breaking automated customer interactions, including single-day YOY spikes of 143% and 120%.

The platform helps businesses design, build, and automate workflows, agents, and knowledge management systems to handle peak holiday shopping traffic efficiently. Wine Country Gift Baskets reported improved customer service performance using NICE's solutions during the holiday rush, managing interactions across multiple channels including phone, chat, and email.

NICE has released its 2023 Environmental, Social, and Governance (ESG) report, showcasing significant achievements in sustainable business practices. The company reinvested 15% of revenue into R&D, employing over 2,700 R&D engineers. Key accomplishments include:

• 100% compliance in employee ethics training
• Launch of NICE Leadership Academy
• 40,000 employee volunteer hours across 120+ non-profits
• 270 teenage girls completed Code:Coda program
• 12% reduction in Scope 1 and 2 carbon emission intensity

The company improved its ESG ratings, advancing from D to C in CDP assessment and securing MSCI's AAA rating. NICE's commitment to sustainability extends to its data centers, prioritizing providers using renewable energy and improved efficiency.

Great Southern Bank, in collaboration with NICE and Optus, has implemented the CXone Mpower platform to enhance customer service through AI-driven automation. The bank, one of Australia's largest customer-owned financial institutions, offers a variety of services including accounts, loans, and insurance. By adopting CXone Mpower, the bank has significantly reduced customer wait times and improved interaction across channels like email and live chat. Key benefits include over 80% of calls answered within 30 seconds and reduced manual notetaking with AutoSummary. This initiative aims to support vulnerable customers and streamline operations through advanced AI capabilities and analytics.

NICE Actimize (NASDAQ: NICE) has been selected by Creand Crèdit Andorrà to modernize its anti-money laundering (AML) operations. The partnership includes implementing NICE Actimize's advanced suite of financial crime solutions across Creand's institutions in Andorrà, Luxembourg, Spain, Panama, and the United States. The implementation features Suspicious Activity Monitoring (SAM), Customer Due Diligence (CDD-X), and Watchlist Screening (WL-X) solutions, leveraging AI and machine learning capabilities for enhanced transaction monitoring and customer risk management.

Maxicare, a leading Philippine HMO, has implemented NICE Workforce Management (WFM) to enhance its customer experience across multiple BPO partners. The implementation has led to significant improvements, including better forecast accuracy by 10%, reduced overscheduling, decreased response times, and fewer abandoned calls. The company achieved 90% customer satisfaction by restructuring business processes and implementing governance and change management practices. The WFM solution eliminated silos from different systems, bringing more structure to contact center operations and enabling data-driven insights on interactions.

NICE announced that AUSIEX, a leading Australian wholesale trading solutions provider, has implemented the NICE CXone cloud-native contact center platform. Following its acquisition by NRI in 2020, AUSIEX chose CXone for its comprehensive functionality and integration capabilities. The implementation has enabled AUSIEX to transition from basic inbound calls to an AI-driven omnichannel approach, resulting in a 33% increase in customer engagement. The platform provides automated real-time reporting and analytics, replacing manual processes, and includes new features like webchat and call-back capabilities.

TF Bank, a Swedish digital bank, has selected NICE Actimize AML Essentials, a cloud-based anti-money laundering solution suite, to enhance its financial crime prevention program. The implementation includes AI-driven solutions for Transaction Monitoring, Customer Due Diligence, and Screening. The system offers rapid deployment and reduced overhead costs while effectively addressing global regulations and automating manual processes. NICE Actimize's entity-centric approach monitors money laundering risks throughout the customer lifecycle, featuring AML-tailored analytics and advanced matching capabilities for party and real-time payments screening.

NICE announced record growth for its CLUB ONE customer loyalty program, reporting a 150% membership surge in 2024 and over 100,000 completed member activities. Launched in 2023, the program has earned the Excellence in B2B Community Engagement award from Global Brands Magazine. CLUB ONE offers CX leaders using CXone opportunities for learning, networking, and influencing CX future through various activities including thought leadership, eLearning certifications, success sharing, and UX research participation. Members can earn points redeemable for rewards and advance their careers through CLUB ONE Academy certifications.

NICE (Nasdaq: NICE) has been named the only vendor to receive Gartner® Peer Insights™ CCaaS Customers' Choice recognition for the second time in 2024. Based on 87 reviews as of November 2023, NICE achieved an overall rating of 4.6 out of 5, with 91% of customers recommending the company. The company received outstanding scores for its CXone Product Capabilities (4.8/5), Sales Experience (4.7/5), and Deployment Experience (4.7/5). NICE CXone Mpower, their hyper AI platform for customer service automation, enables enterprises to design and operate automation for workflows, agents, and knowledge at scale.