Nice Actimize Fraud & Authentication Management vs SAS Fraud Management comparison

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Executive Summary

We performed a comparison between Nice Actimize Fraud & Authentication Management 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).
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
"The solution user-friendly interactive, informative and it is also very light.""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.""The solution's technical support is good.""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.""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.""The tool helped my clients track some fraudulent activities which couldn’t have been possible without the solution. Once the solution is deployed, the system of the client needs to be upgraded and overhauled to reflect the new system. The end users can see the benefits of it. The integration of the solution is increasing the customer base of our clients since more customers from other banks have decided to join the client bank due to the level of security."

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

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Cons
"Licensing costs are high compared to other products in the market.""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.""Processes don't function when front end is down.""This solution is unnecessarily complex.""I would say — Actimize is not being moved forward by Nice.""Sometimes when we move from one version to another, a few things don't work as expected.""Its user interface could be better."

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

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Pricing and Cost Advice
  • "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 →

  • "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:We use the solution as an anti-money laundering application to monitor financial crimes.
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    9
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    1,051
    Rating
    8.4
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    1,206
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    671
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    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
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    Overview
    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.

    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
    Associated Banc-Corp
    Nets
    Top Industries
    REVIEWERS
    Financial Services Firm78%
    Computer Software Company11%
    Printing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm42%
    Computer Software Company10%
    Manufacturing Company5%
    Energy/Utilities Company5%
    VISITORS READING REVIEWS
    Financial Services Firm37%
    Computer Software Company14%
    Manufacturing Company6%
    Construction Company6%
    Company Size
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    VISITORS READING REVIEWS
    Small Business15%
    Midsize Enterprise8%
    Large Enterprise77%
    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.

    Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews while SAS Fraud Management is ranked 11th in Fraud Detection and Prevention. Nice Actimize Fraud & Authentication Management is rated 8.2, while SAS Fraud Management is rated 8.0. The top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". On the other hand, the top reviewer of SAS Fraud Management writes "Monitor multiple channels with a single platform". Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and BioCatch, whereas SAS Fraud Management is most compared with FICO Falcon Platform, IBM Safer Payments, 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.