Featurespace ARIC Fraud Hub vs Nice Actimize Fraud & Authentication Management comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Featurespace ARIC Fraud Hub 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: April 2024).
769,789 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 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."

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"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""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 solution user-friendly interactive, informative and it is also very light.""It's a very good case management system.""The solution's technical support is good.""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 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 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."

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

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"Sometimes when we move from one version to another, a few things don't work as expected.""The patch section has room for improvement.""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.""Licensing costs are high compared to other products in the market.""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.""Could include additional customization"

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Pricing and Cost Advice
  • "The pricing is reasonable. It is not cheap, but it is fair."
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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."
  • More Nice Actimize Fraud & Authentication Management Pricing and Cost Advice →

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    Questions from the Community
    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.
    Top Answer:The pricing is reasonable. It is not cheap, but it is fair.
    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 »
    Top Answer:We use the solution as an anti-money laundering application to monitor financial crimes.
    Ranking
    Views
    1,045
    Comparisons
    619
    Reviews
    1
    Average Words per Review
    813
    Rating
    9.0
    Views
    3,218
    Comparisons
    850
    Reviews
    9
    Average Words per Review
    1,051
    Rating
    8.4
    Comparisons
    Also Known As
    ARIC Fraud Hub, ARIC platform
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    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.

    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.
    Sample Customers
    TSYS, OpenBet, William Hill, Zapp, Credit Reference Agency, Responsible Gambling Trust, Betfair, kPMG, Camelot
    Associated Banc-Corp
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company13%
    Comms Service Provider5%
    Manufacturing Company5%
    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 Business23%
    Midsize Enterprise11%
    Large Enterprise66%
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    Buyer's Guide
    Fraud Detection and Prevention
    April 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: April 2024.
    769,789 professionals have used our research since 2012.

    Featurespace ARIC Fraud Hub is ranked 5th in Fraud Detection and Prevention with 1 review while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews. Featurespace ARIC Fraud Hub is rated 9.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. 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 Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". Featurespace ARIC Fraud Hub is most compared with ThreatMetrix, Guardian Analytics Fraud Detection, FICO Falcon Platform, BioCatch and IBM Safer Payments, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and Guardian Analytics Fraud Detection.

    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.