Nice Actimize Fraud & Authentication Management vs SAS Fraud Management comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Nice Actimize Fraud & Authentication Management and SAS Fraud Management based on real PeerSpot user reviews.

Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention.
To learn more, read our detailed Fraud Detection and Prevention Report (Updated: April 2024).
770,428 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""The solution's technical support is good.""I like the tracking methodology. Though it was implemented on-premises, the compliance is compatible with it. It will have certain modifications with RPM and APR. It has good exposure from a compliance point of view.""It's a very good product for compliance and transaction monitoring for anti-money laundering.""It's a very good case management system.""The case management tool is user friendly.""The most valuable feature is automation which makes our transaction capture 40 percent easier.""The most valuable feature is the designer, which allows us to connect to UI and build things directly, such as creating a platform with our synchronizing policy manager rules, without any additional requirements."

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"The security is also very good.""The solution is easy to use."

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Cons
"I would like for it to proactively give suggestions or hints before initiating the transaction. It could make use of the data that has already occurred, like machine learning. It should learn patterns from specific countries.""Could include additional customization""It has become too complex for its own good with a lot of versions. They are trying to do too much. Instead of keeping it sort of traditional and keeping the core search engine as a standalone and having analytical bolt-ons, they have decided to jam it all into the same product, which made the product overly complex and difficult to implement.""I would say — Actimize is not being moved forward by Nice.""Its user interface could be better.""From the front end side, the UI is definitely user-friendly. It is highly compatible as long as the reading is at the coding point of view. But it can't provide certain high coding. When a person clicks on any kind of scenario or alert, I would like to have a metadata help menu.""Processes don't function when front end is down.""Licensing costs are high compared to other products in the market."

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"Occasionally, there are some mechanisms that can work a bit slow."

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Pricing and Cost Advice
  • "I don't know how licensing is handled in the current organization. I know that Actimize provides an option for yearly licensing because that's what we had in my previous job."
  • "Nice Actimize Fraud & Authentication Management is an expensive product."
  • "We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
  • "It is reasonable for enterprise customers."
  • "I don't like the length of our vendor contracts because it kills our flexibility."
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  • "If your company has the budget, I would absolutely recommend SAS."
  • More SAS Fraud Management Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:We use the solution as an anti-money laundering application to monitor financial crimes.
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    1,051
    Rating
    8.4
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    1,185
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    656
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    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
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    Overview
    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.

    Respond faster to new threats. Reduce false positives for a better customer experience. SAS Fraud Management uses industry-leading data analytics and machine learning to monitor payments and nonmonetary transactions, as well as events, enabling you to identify and respond to unwanted and suspicious behavior in real time.

    Sample Customers
    Associated Banc-Corp
    Nets
    Top Industries
    REVIEWERS
    Financial Services Firm78%
    Computer Software Company11%
    Printing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm42%
    Computer Software Company10%
    Manufacturing Company5%
    Energy/Utilities Company5%
    VISITORS READING REVIEWS
    Financial Services Firm37%
    Computer Software Company13%
    Manufacturing Company6%
    Construction Company6%
    Company Size
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise8%
    Large Enterprise77%
    Buyer's Guide
    Fraud Detection and Prevention
    April 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: April 2024.
    770,428 professionals have used our research since 2012.

    Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews while SAS Fraud Management is ranked 11th in Fraud Detection and Prevention. Nice Actimize Fraud & Authentication Management is rated 8.2, while SAS Fraud Management is rated 8.0. The top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". On the other hand, the top reviewer of SAS Fraud Management writes "Monitor multiple channels with a single platform". Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, Featurespace ARIC Fraud Hub and BioCatch, whereas SAS Fraud Management is most compared with FICO Falcon Platform, IBM Safer Payments, IBM Financial Crimes Insights (FCI) and ThreatMetrix.

    See our list of best Fraud Detection and Prevention vendors.

    We monitor all Fraud Detection and Prevention reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.