Nice Actimize Fraud & Authentication Management Pricing and License Cost

AVP, Surveillance at a financial services firm with 10,001+ employees
I'm not involved in the licensing negotiations, but personally, I don't like the length of our vendor contracts because it kills our flexibility. I understand why they do it though. I know they're doing it for predictability and such, but from my perspective, it doesn't allow us to be as flexible. My bank and several other banks are very large and they don't value flexibility. They value consistency more than flexibility. So I think it was a choice based on the size of the bank and the size of the contract. I don't know what the numerical value of the contract is. We have a support contract. When we make changes, there are additional charges for making new changes or additions to our standard contract. I also don't know the value of those, but I have heard conversations on conference calls that there's going to be a cost involved with Actimize for making changes beyond a certain point. So, we have a basic support contract, and beyond that, we have to pay for additional changes. View full review »
Jayanth Sarathi
Associate Manager - Sanctions, Regulatory Affairs and AML Projects at UAE Exchange
One time licensing and implementation fee in addition to an annual maintenance contract. Any new requirements or custom enhancements will follow the change order process. View full review »
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