Rishab DharActimize Implementer and Developer at a tech services company
Anonymous UserLead Android Developer at a financial services firm
We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
"The solution loads big data efficiently and quickly."
"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."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"The solution user-friendly interactive, informative and it is also very light."
"It's a very good case management system."
"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 case management tool is user friendly."
"Nice's most valuable feature would be its rule engine."
"The most valuable thing is about the IP. They have a database of malicious IP addresses against which they check. They have a huge database for routed devices and the devices that have been used in the past to commit fraud. They have extensive historical records of all of that information, and that's probably the most valuable thing about ThreatMetrix. Over the years, they have been collecting and persisting globally across all the banking and financial services. They have been storing all this information. It is this stored information that I and my team find valuable; it is not so much their technology. If you are running it on a simulator and trying to maliciously clone and copy IP addresses and stuff like that, they have a bunch of technologies, like routes section and all the other stuff. It is just that they have something that no one else can deal with, that is, massive amounts of big data about the malicious IP addresses, malicious device fingerprinting, the fingerprinting router devices, and the fingerprints. You can query against this stored information to find out whether your app is in a good, nice environment. If yes, you get a green light. The last time I checked, there were about 400 or 500 features that they can stack against, which is pretty extensive. They give you a score against all those features for every application that you installed on it. It is pretty good in that sense."
"The user interface, the portal, is very helpful in describing what attributes of concern are associated with the device."
"Accessible custom rules with a monthly update on performance."
"The most valuable feature the solution has is that it is able to do a fairly accurate fraud assessment of a credit card transaction based on a variety of parameters configured by the merchant."
"There is excellent documentation available."
"Processes don't function when front end is down."
"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."
"Could include additional customization"
"I would say — Actimize is not being moved forward by Nice."
"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."
"This solution is unnecessarily complex."
"One of the problems that our clients generally talk about is the price of the product when they have to purchase the product and the licenses for it. Those are on the higher side."
"SDK is probably where the biggest issue is. The SDK configuration is a bit lacking. If you are integrating it into your workflow, it is very cumbersome and very difficult to integrate. You have to understand and be an expert in low-level mobile applications to integrate this stuff. Integration should be easy based on what they are providing, but unfortunately, it is not. It is very difficult. My work has been trying to simplify the integration process because integrations bring a lot of value. Most companies don't see their value because it is such a difficult process. For integration, you have to get it right as well, but it is very difficult to get it right because they don't help you in tuning your future parameters. Because of this, it is very difficult to tune your future parameters and your risk score. If you are Uber, your risk score will be very different from a banking client that is pushing funds. These two things need to be improved for me. The rest is pretty good."
"One limitation is it only maintains six months' worth of data. It would be nice if it went back even further to help us really identify and flush out patterns that go on longer."
"Could be more intuitive and user friendly."
"It would be useful if they could offer real-time processing."
"We are only using one feature. We haven't found the other features to be very good or very powerful."
"I don't like the length of our vendor contracts because it kills our flexibility."
"I am not aware of the price. I have always come in after it has been negotiated. The clients do get a return on their investment. It mitigated a massive DDoS, and it definitely detects fraudulent activities on banking platforms. They have definitely got their ROI back because there is continued investment in ThreatMetrix over time."
Nice Actimize Fraud & Authentication Management is ranked 2nd in Fraud Detection and Prevention with 8 reviews while ThreatMetrix is ranked 1st in Fraud Detection and Prevention with 5 reviews. Nice Actimize Fraud & Authentication Management is rated 8.0, while ThreatMetrix is rated 8.2. The top reviewer of Nice Actimize Fraud & Authentication Management writes "Offers robotics, machine learning, and enables us to reduce analysts ". On the other hand, the top reviewer of ThreatMetrix writes "It has a huge database of malicious IP addresses and gives a score for your environment". Nice Actimize Fraud & Authentication Management is most compared with FICO Falcon Platform, BAE Systems NetReveal, Featurespace ARIC Fraud Hub, Guardian Analytics Fraud Detection and Pindrop Protect, whereas ThreatMetrix is most compared with iovation FraudForce, IBM Trusteer, Featurespace ARIC Fraud Hub, RSA Adaptive Authentication and InAuth. See our Nice Actimize Fraud & Authentication Management vs. ThreatMetrix report.
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