Forter vs Nice Actimize Fraud & Authentication Management comparison

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1,598 views|524 comparisons
100% willing to recommend
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Executive Summary

We performed a comparison between Forter 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.
To learn more, read our detailed Fraud Detection and Prevention Report (Updated: March 2024).
767,847 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
"Dashboards, customization and the analytics are all good, it's user friendly."

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"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 case management tool is user friendly.""The solution is easier to set up, configure, and use than other products.""The most valuable feature is automation which makes our transaction capture 40 percent easier.""The solution loads big data efficiently and quickly.""The process and technology in the solution are very fast, and it is bug-free.""It's a very good case management system.""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."

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Cons
"Lacking granularity on the acceptance/rejection fraud options."

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"The solution needs to mitigate and provide an update for one listener process that keeps failing.""Its user interface could be better.""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.""I would say — Actimize is not being moved forward by Nice.""The patch section has room for improvement.""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.""This solution is unnecessarily complex."

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Pricing and Cost Advice
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  • "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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    Top Answer:We use the solution as an anti-money laundering application to monitor financial crimes.
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    524
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    Views
    3,274
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    869
    Reviews
    9
    Average Words per Review
    1,051
    Rating
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    Comparisons
    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    Overview

    Forter provides instant, guaranteed approve/decline decisions for every transaction, removing the burden and uncertainty of fraud.

    The system is designed to treat all orders as “innocent unless proven guilty” to ensure high approval rates and frictionless checkout. Since Forter only charges for approved transactions, our interests are always aligned with yours. Moreover, our confidence in the system’s accuracy means we do not hesitate to offer a full fraud chargeback guarantee.

    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.
    Sample Customers
    Kiwi.com, Fiverr, James Allen
    Associated Banc-Corp
    Top Industries
    VISITORS READING REVIEWS
    Retailer15%
    Computer Software Company14%
    Financial Services Firm13%
    Manufacturing Company7%
    REVIEWERS
    Financial Services Firm78%
    Computer Software Company11%
    Printing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm42%
    Computer Software Company10%
    Manufacturing Company5%
    Energy/Utilities Company5%
    Company Size
    VISITORS READING REVIEWS
    Small Business24%
    Midsize Enterprise3%
    Large Enterprise73%
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    Buyer's Guide
    Fraud Detection and Prevention
    March 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: March 2024.
    767,847 professionals have used our research since 2012.

    Forter is ranked 10th in Fraud Detection and Prevention while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews. Forter is rated 9.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. The top reviewer of Forter writes "Great at detecting fraudulent behavior and has reduced our financial losses". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". Forter is most compared with Riskified, Signifyd, Sift Digital Trust and Safety, Kount and ThreatMetrix, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and Featurespace ARIC Fraud Hub.

    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.