We performed a comparison between FICO Falcon Platform 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."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."
"The solution is easier to set up, configure, and use than other products."
"The process and technology in the solution are very fast, and it is bug-free."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"The solution's technical support is good."
"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."
"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."
"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."
"Nice's most valuable feature would be its rule engine."
"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."
"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."
"I would say — Actimize is not being moved forward by Nice."
"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."
"Licensing costs are high compared to other products in the market."
"Could include additional customization"
"Sometimes when we move from one version to another, a few things don't work as expected."
"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."
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FICO Falcon Platform is ranked 3rd 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. FICO Falcon Platform is rated 10.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. The top reviewer of FICO Falcon Platform writes "It can set rules to identify suspicious activity at each point of sale during every transaction". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". FICO Falcon Platform is most compared with SAS Fraud Management, ThreatMetrix, IBM Safer Payments, ACI Fraud Management and Featurespace ARIC Fraud Hub, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, IBM Safer Payments, ThreatMetrix, Guardian Analytics Fraud Detection and Featurespace ARIC Fraud Hub.
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