FICO Falcon Platform vs SAS Fraud Management comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between FICO Falcon Platform and SAS Fraud 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: March 2024).
765,234 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
"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."

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"The solution is easy to use.""The security is also very good."

More SAS Fraud Management Pros →

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."

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"Occasionally, there are some mechanisms that can work a bit slow."

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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 →

  • "If your company has the budget, I would absolutely recommend SAS."
  • More SAS Fraud Management Pricing and Cost Advice →

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    Questions from the Community
    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 »
    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 »
    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 »
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    Average Words per Review
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    Rating
    10.0
    Views
    1,220
    Comparisons
    679
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    Also Known As
    Falcon Platform
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    Overview

    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.

    Respond faster to new threats. Reduce false positives for a better customer experience. SAS Fraud Management uses industry-leading data analytics and machine learning to monitor payments and nonmonetary transactions, as well as events, enabling you to identify and respond to unwanted and suspicious behavior in real time.

    Sample Customers
    Nets
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm39%
    Computer Software Company17%
    Manufacturing Company5%
    Retailer4%
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company14%
    Construction Company6%
    Manufacturing Company6%
    Company Size
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise7%
    Large Enterprise80%
    VISITORS READING REVIEWS
    Small Business15%
    Midsize Enterprise6%
    Large Enterprise79%
    Buyer's Guide
    Fraud Detection and Prevention
    March 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    FICO Falcon Platform is ranked 3rd in Fraud Detection and Prevention with 1 review while SAS Fraud Management is ranked 11th in Fraud Detection and Prevention. FICO Falcon Platform is rated 10.0, while SAS Fraud Management is rated 8.0. 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 SAS Fraud Management writes "Monitor multiple channels with a single platform". FICO Falcon Platform is most compared with ThreatMetrix, Nice Actimize Fraud & Authentication Management, IBM Safer Payments, ACI Fraud Management and Featurespace ARIC Fraud Hub, whereas SAS Fraud Management is most compared with IBM Safer Payments, Nice Actimize Fraud & Authentication Management, IBM Financial Crimes Insights (FCI) and ThreatMetrix.

    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.