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FICO Falcon Platform vs Featurespace ARIC Fraud Hub comparison

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Featurespace ARIC Fraud Hub

Read 1 Featurespace ARIC Fraud Hub review
1,035 views|611 comparisons
100% willing to recommend
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FICO Falcon Platform

Read 1 FICO Falcon Platform review
1,661 views|1,016 comparisons
100% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
Fraud Detection and Prevention
March 2024
Executive Summary

We performed a comparison between Featurespace ARIC Fraud Hub and FICO Falcon Platform 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).
Download the complete report
768,857 professionals have used our research since 2012.
Featured Review
Luis Inclan
A flexible solution with a quick to navigate interface
This solution allows us to ingest any data into the platform. It is very flexible and allows us to calculate the risk of any transaction, whether... Read more →
Lester Ayllon
It can set rules to identify suspicious activity at each point of sale during every transaction
Let's say we see seven million transactions on a given day. In all those transactions, we might detect 20 people potentially committing fraud. For... Read more →
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable feature is its zero degradation model. You don't have to train the model every three to six months, and it automatically functions."

More Featurespace ARIC Fraud Hub Pros →

"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."

More FICO Falcon Platform Pros →

Cons
"The rule-writing language could be improved to make it more understandable."

More Featurespace ARIC Fraud Hub Cons →

"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."

More FICO Falcon Platform Cons →

Pricing and Cost Advice
  • "The pricing is reasonable. It is not cheap, but it is fair."

    • More Featurespace ARIC Fraud Hub Pricing and Cost Advice →

  • "FICO is one of the best fraud detection platforms. However, a small bank might find it too expensive. In that case, I would agree it's probably not worth it. However, it's a no-brainer if your bank has 50 million accounts and 7 million credit card transactions daily."

    • More FICO Falcon Platform Pricing and Cost Advice →

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    Questions from the Community
    What do you like most about Featurespace ARIC Fraud Hub?
    Top Answer:The most valuable feature is its zero degradation model. You don't have to train the model every three to six months, and it automatically functions.
    What is your experience regarding pricing and costs for Featurespace ARIC...
    Top Answer:The pricing is reasonable. It is not cheap, but it is fair.
    What needs improvement with Featurespace ARIC Fraud Hub?
    Top Answer:The rule-writing language could be improved to make it more understandable. I was familiar with the Falcon expert language to write rules, so I had to get used to the new language used in this… more »
    What do you like most about FICO Falcon Platform?
    Top Answer: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… more »
    What is your experience regarding pricing and costs for FICO Falcon Platf...
    Top Answer:When I was working at another bank, people often complained that FICO was expensive. I would tell them that it depends on the volume—for example, the old bank million 7 million transactions. If you… more »
    What needs improvement with FICO Falcon Platform?
    Top Answer:Fraud will always be a problem here in Brazil, and I think blockchain technology is the future because it increases transparency in transactions. Even with Falcon, we need to spend time verifying… more »
    Ranking
    6th
    out of 64 in Fraud Detection and Prevention
    Views
    1,035
    Comparisons
    611
    Reviews
    1
    Average Words per Review
    813
    Rating
    9.0
    3rd
    out of 64 in Fraud Detection and Prevention
    Views
    1,661
    Comparisons
    1,016
    Reviews
    1
    Average Words per Review
    1,029
    Rating
    10.0
    Comparisons
    Also Known As
    ARIC Fraud Hub, ARIC platform
    Falcon Platform
    Learn More
    Featurespace
    FICO
    Overview

    Featurespace’s ARIC engine is the smartest technological approach to fraud management, developed to cope with the constant threat of new fraud attacks, while enabling businesses to accept their genuine customers – on premise or via secure cloud.

    Featurespace’s ARIC engine (Adaptive, Real-time, Individual, Change Identification) is a real-time, machine learning, fraud management software platform for organisations in financial services, insurance and gaming.

    Consumer banking preferences are changing - fast. Customers want to transact how and when they choose, without latency. They want a banking relationship that’s 100% convenient and 100% secure. The FICO Falcon Platform, the world’s most intelligent fraud platform, advances the consumer experience by extracting frauds from real time payment streams while remaining invisible during legitimate transactions.

    With over 70 patents in fraud-specific machine learning and AI, the FICO Falcon Platform helps financial institutions detect and prevent fraud seamlessly, in real time, all while improving the bottom line and advancing the consumer experience.

    The FICO Falcon Platform allows you to score transactions, across a rapidly expanding array of payment options, and understand customer behavior patterns so you can intelligently prevent and monitor suspicious and fraudulent behavior.

    Sample Customers
    TSYS, OpenBet, William Hill, Zapp, Credit Reference Agency, Responsible Gambling Trust, Betfair, kPMG, Camelot
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company13%
    Comms Service Provider5%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company17%
    Manufacturing Company5%
    Retailer4%
    Company Size
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise11%
    Large Enterprise66%
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise7%
    Large Enterprise80%
    Buyer's Guide
    Fraud Detection and Prevention
    March 2024
    Download Free Report
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: March 2024.
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    768,857 professionals have used our research since 2012.

    Featurespace ARIC Fraud Hub is ranked 6th in Fraud Detection and Prevention with 1 review while FICO Falcon Platform is ranked 3rd in Fraud Detection and Prevention with 1 review. Featurespace ARIC Fraud Hub is rated 9.0, while FICO Falcon Platform is rated 10.0. The top reviewer of Featurespace ARIC Fraud Hub writes "A flexible solution with a quick to navigate interface ". On the other hand, the top reviewer of FICO Falcon Platform writes "It can set rules to identify suspicious activity at each point of sale during every transaction". Featurespace ARIC Fraud Hub is most compared with ThreatMetrix, Guardian Analytics Fraud Detection, BioCatch, Nice Actimize Fraud & Authentication Management and IBM Safer Payments, whereas FICO Falcon Platform is most compared with SAS Fraud Management, ThreatMetrix, IBM Safer Payments, ACI Fraud Management and Experian Crosscore.

    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.