Forter vs Nice Actimize Fraud & Authentication Management comparison

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1,598 views|524 comparisons
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Executive Summary

We performed a comparison between Forter 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: March 2024).
768,740 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
"Dashboards, customization and the analytics are all good, it's user friendly."

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"The solution is easier to set up, configure, and use than other products.""The solution loads big data efficiently and quickly.""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 most valuable feature is automation which makes our transaction capture 40 percent easier.""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.""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 process and technology in the solution are very fast, and it is bug-free."

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Cons
"Lacking granularity on the acceptance/rejection fraud options."

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"Sometimes when we move from one version to another, a few things don't work as expected.""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.""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 solution needs to mitigate and provide an update for one listener process that keeps failing.""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 is complex in terms of daily maintenance. Other detection platforms run on a 15-day or one-month window, whereas this particular platform runs daily. Therefore, it requires daily maintenance. If there is a delay due to this daily maintenance, it creates a snowball effect impacting the subsequent days. It takes a lot of effort to catch up and get into BAU mode. It would be great if they could include certain features to make the daily processing less complex, but I don't see that happening. It is a complex product, and with each version release, it is just becoming more and more complex.""Its user interface could be better.""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."

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Pricing and Cost Advice
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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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    Top Answer:We use the solution as an anti-money laundering application to monitor financial crimes.
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    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
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    Overview

    Forter provides instant, guaranteed approve/decline decisions for every transaction, removing the burden and uncertainty of fraud.

    The system is designed to treat all orders as “innocent unless proven guilty” to ensure high approval rates and frictionless checkout. Since Forter only charges for approved transactions, our interests are always aligned with yours. Moreover, our confidence in the system’s accuracy means we do not hesitate to offer a full fraud chargeback guarantee.

    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.
    Sample Customers
    Kiwi.com, Fiverr, James Allen
    Associated Banc-Corp
    Top Industries
    VISITORS READING REVIEWS
    Retailer15%
    Computer Software Company14%
    Financial Services Firm13%
    Manufacturing Company7%
    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 Business24%
    Midsize Enterprise3%
    Large Enterprise73%
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    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.
    768,740 professionals have used our research since 2012.

    Forter is ranked 10th in Fraud Detection and Prevention while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews. Forter is rated 9.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. The top reviewer of Forter writes "Great at detecting fraudulent behavior and has reduced our financial losses". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". Forter is most compared with Riskified, Signifyd, Sift Digital Trust and Safety, Kount and ThreatMetrix, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and Featurespace ARIC Fraud Hub.

    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.