We performed a comparison between FICO Falcon Platform and Nice Actimize Fraud & Authentication 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."FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until now."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
"The alerts are the most valuable feature because we have different alerts. Different data is fed to Actimize. It alerts us if a transaction happened from a certain place."
"The solution's technical support is good."
"The solution is easier to set up, configure, and use than other products."
"Nice's most valuable feature would be its rule engine."
"The solution loads big data efficiently and quickly."
"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"I've had bad experiences with FICO support. At the bank, we've faced critical problems where we only had minutes to find the solution, and it's hard to explain quickly. We contacted FICO, but they told us it was beyond their scope of support. They try to triage the call by asking us how much money we're losing, but I can't go into that."
"Processes don't function when front end is down."
"The solution needs to mitigate and provide an update for one listener process that keeps failing."
"Could include additional customization"
"It would be better if it integrated with other tools. Actimize uses many databases, and everything on Actimize has been deployed to the database. On the customer side, on the front end side, if they focus more on integrating with other applications, it can make the tool better. The reporting feature and dashboards could be better. In the next release, I would like them to incorporate a Tableau-type reporting structure within this tool."
"Its user interface could be better."
"It is complex in terms of daily maintenance. Other detection platforms run on a 15-day or one-month window, whereas this particular platform runs daily. Therefore, it requires daily maintenance. If there is a delay due to this daily maintenance, it creates a snowball effect impacting the subsequent days. It takes a lot of effort to catch up and get into BAU mode. It would be great if they could include certain features to make the daily processing less complex, but I don't see that happening. It is a complex product, and with each version release, it is just becoming more and more complex."
"Licensing costs are high compared to other products in the market."
"Sometimes when we move from one version to another, a few things don't work as expected."
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FICO Falcon Platform is ranked 3rd in Fraud Detection and Prevention with 1 review while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews. FICO Falcon Platform is rated 10.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. The top reviewer of FICO Falcon Platform writes "It can set rules to identify suspicious activity at each point of sale during every transaction". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". FICO Falcon Platform is most compared with ThreatMetrix, SAS Fraud Management, IBM Safer Payments, ACI Fraud Management and Featurespace ARIC Fraud Hub, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, IBM Safer Payments, Featurespace ARIC Fraud Hub, ThreatMetrix and Guardian Analytics Fraud Detection.
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