We performed a comparison between Nice Actimize Fraud & Authentication Management and ThreatMetrix 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."The solution user-friendly interactive, informative and it is also very light."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"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 core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data."
"The solution is easier to set up, configure, and use than other products."
"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 process and technology in the solution are very fast, and it is bug-free."
"The solution's technical support is good."
"Accessible custom rules with a monthly update on performance."
"The most valuable thing is about the IP. They have a database of malicious IP addresses against which they check. They have a huge database for routed devices and the devices that have been used in the past to commit fraud. They have extensive historical records of all of that information, and that's probably the most valuable thing about ThreatMetrix. Over the years, they have been collecting and persisting globally across all the banking and financial services. They have been storing all this information. It is this stored information that I and my team find valuable; it is not so much their technology. If you are running it on a simulator and trying to maliciously clone and copy IP addresses and stuff like that, they have a bunch of technologies, like routes section and all the other stuff. It is just that they have something that no one else can deal with, that is, massive amounts of big data about the malicious IP addresses, malicious device fingerprinting, the fingerprinting router devices, and the fingerprints. You can query against this stored information to find out whether your app is in a good, nice environment. If yes, you get a green light. The last time I checked, there were about 400 or 500 features that they can stack against, which is pretty extensive. They give you a score against all those features for every application that you installed on it. It is pretty good in that sense."
"It is a stable solution."
"The solution is stable."
"The most valuable feature the solution has is that it is able to do a fairly accurate fraud assessment of a credit card transaction based on a variety of parameters configured by the merchant."
"The user interface, the portal, is very helpful in describing what attributes of concern are associated with the device."
"There is excellent documentation available."
"Could include additional customization"
"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."
"This solution is unnecessarily complex."
"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."
"Licensing costs are high compared to other products in the market."
"I would say — Actimize is not being moved forward by Nice."
"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."
"We encountered a few issues with API calls to the solution."
"Could be more intuitive and user friendly."
"SDK is probably where the biggest issue is. The SDK configuration is a bit lacking. If you are integrating it into your workflow, it is very cumbersome and very difficult to integrate. You have to understand and be an expert in low-level mobile applications to integrate this stuff. Integration should be easy based on what they are providing, but unfortunately, it is not. It is very difficult. My work has been trying to simplify the integration process because integrations bring a lot of value. Most companies don't see their value because it is such a difficult process. For integration, you have to get it right as well, but it is very difficult to get it right because they don't help you in tuning your future parameters. Because of this, it is very difficult to tune your future parameters and your risk score. If you are Uber, your risk score will be very different from a banking client that is pushing funds. These two things need to be improved for me. The rest is pretty good."
"The interface does look a bit outdated."
"It would be useful if they could offer real-time processing."
"We are only using one feature. We haven't found the other features to be very good or very powerful."
"One limitation is it only maintains six months' worth of data. It would be nice if it went back even further to help us really identify and flush out patterns that go on longer."
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Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews while ThreatMetrix is ranked 2nd in Fraud Detection and Prevention with 7 reviews. Nice Actimize Fraud & Authentication Management is rated 8.2, while ThreatMetrix is rated 8.2. 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 ThreatMetrix writes "Stable with a good interface and offers excellent event reports". Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, Featurespace ARIC Fraud Hub and Guardian Analytics Fraud Detection, whereas ThreatMetrix is most compared with BioCatch, FICO Falcon Platform, Featurespace ARIC Fraud Hub, iovation FraudForce and Emailage Email Risk Score. See our Nice Actimize Fraud & Authentication Management vs. ThreatMetrix report.
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