Nice Actimize Fraud & Authentication Management vs Riskified comparison

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Executive Summary

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

Find out in this report how the two Fraud Detection and Prevention solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Nice Actimize Fraud & Authentication Management vs. Riskified Report (Updated: March 2024).
767,667 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 case management tool is user friendly.""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 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.""They have a very expansive transaction monitoring fleet. They have a lot of models and rules to choose from. Its flexibility or ability to customize a model is very impressive as compared to other platforms.""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.""Nice's most valuable feature would be its rule engine.""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.""The solution user-friendly interactive, informative and it is also very light."

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"Our clients have definitely avoided losing money on multiple occasions due to fraud.""The most valuable features of this solution are the scoring and the yes, or no function.""The scoring mechanism is good."

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Cons
"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.""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.""The solution needs to mitigate and provide an update for one listener process that keeps failing.""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.""Its user interface could be better.""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.""The patch section has room for improvement.""Processes don't function when front end is down."

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"I can't think of any issues that we've faced that need to be improved.""The fraud channel is a sensitive spot, so it's always complex.""The user interface could be more intuitive."

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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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  • "It is determined by the requirements of each company."
  • More Riskified 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.
    Top Answer:The most valuable features of this solution are the scoring and the yes, or no function.
    Top Answer:The user interface could be more intuitive.
    Top Answer:Riskified is for fraud prevention. The solution sits close to the gateway. It screens orders and rejects those that have a high fraud profile.
    Ranking
    Views
    3,274
    Comparisons
    869
    Reviews
    9
    Average Words per Review
    1,051
    Rating
    8.4
    Views
    1,012
    Comparisons
    704
    Reviews
    2
    Average Words per Review
    237
    Rating
    9.0
    Comparisons
    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    Riskified
    Video Not Available
    Overview
    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.

    Riskified's fraud detection solution protects eCommerce merchants from chargebacks while minimizing the impact of false declines on online revenues. Machine learning models eliminate the need to manually adjust fraud detection, and elastic linking drives decision speed and accuracy.

    Sample Customers
    Associated Banc-Corp
    ALDO, Macy's, Finish Line, Burlington, Burton Group, Sky-tours, GiftCards.com, Kirna ZabĂȘte
    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 Firm18%
    Computer Software Company17%
    Retailer16%
    Manufacturing Company8%
    Company Size
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    VISITORS READING REVIEWS
    Small Business24%
    Midsize Enterprise14%
    Large Enterprise62%
    Buyer's Guide
    Nice Actimize Fraud & Authentication Management vs. Riskified
    March 2024
    Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. Riskified and other solutions. Updated: March 2024.
    767,667 professionals have used our research since 2012.

    Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews while Riskified is ranked 4th in Fraud Detection and Prevention with 3 reviews. Nice Actimize Fraud & Authentication Management is rated 8.2, while Riskified is rated 9.0. 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 Riskified writes "Integrates well, reasonably priced, and the technical support is helpful". Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and Featurespace ARIC Fraud Hub, whereas Riskified is most compared with Forter, Kount, Amazon Fraud Detector, Accertify Interceptas and Signifyd. See our Nice Actimize Fraud & Authentication Management vs. Riskified report.

    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.