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."The solution is easier to set up, configure, and use than other products."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data."
"The tool helped my clients track some fraudulent activities which couldn’t have been possible without the solution. Once the solution is deployed, the system of the client needs to be upgraded and overhauled to reflect the new system. The end users can see the benefits of it. The integration of the solution is increasing the customer base of our clients since more customers from other banks have decided to join the client bank due to the level of security."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
"It's a very good case management system."
"I like the score generated on the Actimize platform for each customer transaction. Those are transactions per second, accommodating millions of transactions per second. That's the best feature of Actimize."
"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."
"Could include additional customization"
"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."
"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."
"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."
"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."
"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."
"One of the problems that our clients generally talk about is the price of the product when they have to purchase the product and the licenses for it. Those are on the higher side."
"Occasionally, there are some mechanisms that can work a bit slow."
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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 and Featurespace ARIC Fraud Hub, whereas SAS Fraud Management is most compared with FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and IBM Financial Crimes Insights (FCI).
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