I give the solution a ten out of ten. Unlike other technologies, Nice Actimize Fraud & Authentication Management is partially pre-built, making it easy to understand what needs to be done and how to complete the work. Furthermore, due to the pre-existing code, there is no need to start from scratch, providing a better understanding of the current situation and what needs to be implemented. Our organization moved to Nice Actimize Fraud & Authentication Management because the solution is an upgraded version and also it provides many benefits as we can easily activate rules. Nice Actimize Fraud & Authentication Management is very convenient and it provides easy access to everything. When utilizing the solution for the first time, always start with a lower environment such as a development environment. Only use Dell and SIT, and do not go directly to production. The solution may have an impact on the bank and large transactions.
I would rate the solution an eight out of ten. Though there are other anti-money laundering solutions available like the one by Oracle. NICE is a good solution for fraud detection and authentication. This is the reason the tool stands out. Most of the banks in Nigeria and even the ones outside the African continent focus on implementing customized solutions. The Central Bank of Nigeria has added all commercial banks to incorporate anti-money laundering solutions but they were not specific. Many banks consider implementing NICE because of its rugged nature. I would like to advise anyone who is looking to implement NICE to evaluate it. The solution might be expensive but it fits the purpose.
For the last few years, the solution has been known as the best compliance tool. If you are using another product that is causing huge performance issues, then you can happily shift to the solution. It is so much better and simpler set up, configure, and use than others. For issues, you will receive timely support. I rate the solution an eight out of ten.
Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
VP Complience at a financial services firm with 10,001+ employees
Real User
2021-05-19T11:39:38Z
May 19, 2021
I would recommend this solution, but this recommendation comes with a disclaimer that a big support team is required to maintain this solution daily. It is a good solution, but you should be ready to spend a lot on the technical support team. I would rate Nice Actimize Fraud & Authentication Management an eight out of ten.
I would definitely recommend this solution to other users. From a developer perspective, it's easy for me to implement any new change. If we consider the cases of the requests or what we want as a financial institution, they change rapidly. The markets change and the rules change, regulations change. Implementation must be quick. It is easier to optimize. This is from a developer's perspective. From a user's perspective, you can actually make a change in your application on the fly, which will make you better than your competitor banks or financial institutions, which will affect your customers' profits because it is a service you are giving to a client, which in turn gives their services to the customer. If you are giving our services to a bank, they would be customers for the bank, which would benefit them. If the bank is going to meet the changes quickly, if there is a new method of payment or something that can be included faster from a bank's perspective, that is a consideration. So definitely on the bank side, as well as the development side, I would recommend this to people who are considering this solution. As a developer, we used to develop everything from scratch and stayed more time in a building, with the same stuff over and over again. But after using this product, rather than recreating the same thing, or reinventing the wheel, you can always make use of the existing things. I see something more quickly. You can implement things more quickly rather than spending your effort on things that don't matter at the end of the day. On a scale of one to ten, I would rate Nice Actimize Fraud & Authentication Management a nine. Just keeping one point for the scope of improvement.
VP - Compliance at a financial services firm with 10,001+ employees
Real User
2020-11-24T18:12:37Z
Nov 24, 2020
I have experience with three softwares and I would recommend Mentor on top of Actimize. The technical component of Actimize is unnecessarily complicated. The solution requires a lot of testing. I would rate this solution a seven out of 10.
If you want to go with Actimize, one drawback is that you will need to have two different database consoles. One is for the RMS Management Studio another is for an Oracle database. If you would like to go with a single unified version and would like to have the simpler kind of console, then Opstat is also equally good. It depends on the vendor's requirements. In the next release, I would like to see a provision for the generation of identity-based notifications, like email notifications that can be communicated to Outlook or Microsoft. Email notifications can definitely be a value-add. I would rate Actimize an 8.5 out of ten.
AVP, Compliance at a financial services firm with 10,001+ employees
Real User
2020-11-15T22:35:03Z
Nov 15, 2020
From our experience, when these products are launched, they're highly supported by the vendor, in this case, Nice. But as they get more mature, the vendor wants to develop new solutions and charge more money, and the new solutions are more sophisticated and do more things and have more buttons and such, but they start to slow down and stop supporting their older products. I would say — Actimize is not being moved forward by Nice. We have to move towards a new platform because we want some diversification. We use a lot of Nice products for coms and voice recordings. I think maybe there was just a sense that we're over-relying on one single company. That's the main reason why we are going to switch solutions in the near future. My advice for anyone looking to implement this solution: I suggest that they look elsewhere. There is a lot of new innovation coming from other firms. There's no single big lesson to be learned. It's a great starting point for small to medium-sized banks. It's very comprehensive and scalable, but when you get to more sophisticated operations, I don't think it's very forward-looking — I don't think it's a great solution. Overall, on a scale from one to ten, I would give this solution rating of seven. It's very reliable but it's dated, it's not something that I would want to start deploying today unless the size of my operation dictated that I used this solution.
Team Lead at a computer software company with 10,001+ employees
Real User
2020-11-15T19:15:20Z
Nov 15, 2020
I would recommend this product to any other organization that wants to use it. My advice would be: it is very important to prepare upfront. What is the main theme or types of configurations that you want to do? This is important because after you have implemented it, it will be very difficult to change it in the future. For example, currently, I'm handling a project for two different countries (Thailand and Vietnam), but it's on the same platform. These countries have agreed to use this platform and they will have their own configurations. Before that, I was doing a project for Singapore and the Philippines but I did it with two different platforms. It was the same product, but with two different platforms and different configurations. After some time, a few years of using Actimize for Singapore and the Philippines earlier, we decided that these two countries should use Actimize as well, but there were some takeaway points from Singapore and the Philippines that we wanted to change for this different platform for Taiwan and Vietnam. Whatever issues that we experienced when we did the project for Singapore and the Philippines earlier, we didn't encounter those problems in Taiwan and Vietnam later. It was actually a good lesson learned. Overall, on a scale from one to ten, I would give NICE Actimize a rating of nine. It's a great solution for project monitoring.
Associate Manager - Sanctions, Regulatory Affairs and AML Projects at UAE Exchange
Real User
2020-11-12T06:59:22Z
Nov 12, 2020
I would recommend this solution, it's very comprehensive and has given us many insights. We learned a lot from NICE Actimize team which helped us streamlining certain processes in our organization as well. I would rate this solution a 9 out of 10.
Senior Quality Assurance Engineer at a tech services company with 11-50 employees
Real User
2020-11-11T09:19:00Z
Nov 11, 2020
Whenever you do any transaction always double-check what you are entering like country codes or account numbers. One or two digits are based here and there and it will make a huge difference. You have to follow up. Be very careful of what you're entering. I would rate Actimize an eight out of ten.
AML Consultant at a tech services company with 51-200 employees
Consultant
2020-11-09T18:05:45Z
Nov 9, 2020
The solution requires patience and a fair amount of work and study because there's nothing on the internet. It requires knowledge gained from studying the user guides and decision-making has to be based on that. There's nobody to ask and that's the most difficult part. I would rate this solution a seven out of 10.
I rate the solution as a ten. It works well for its use cases. It is stable and easy to scale as well.
I give the solution a ten out of ten. Unlike other technologies, Nice Actimize Fraud & Authentication Management is partially pre-built, making it easy to understand what needs to be done and how to complete the work. Furthermore, due to the pre-existing code, there is no need to start from scratch, providing a better understanding of the current situation and what needs to be implemented. Our organization moved to Nice Actimize Fraud & Authentication Management because the solution is an upgraded version and also it provides many benefits as we can easily activate rules. Nice Actimize Fraud & Authentication Management is very convenient and it provides easy access to everything. When utilizing the solution for the first time, always start with a lower environment such as a development environment. Only use Dell and SIT, and do not go directly to production. The solution may have an impact on the bank and large transactions.
I would rate the solution an eight out of ten. Though there are other anti-money laundering solutions available like the one by Oracle. NICE is a good solution for fraud detection and authentication. This is the reason the tool stands out. Most of the banks in Nigeria and even the ones outside the African continent focus on implementing customized solutions. The Central Bank of Nigeria has added all commercial banks to incorporate anti-money laundering solutions but they were not specific. Many banks consider implementing NICE because of its rugged nature. I would like to advise anyone who is looking to implement NICE to evaluate it. The solution might be expensive but it fits the purpose.
For the last few years, the solution has been known as the best compliance tool. If you are using another product that is causing huge performance issues, then you can happily shift to the solution. It is so much better and simpler set up, configure, and use than others. For issues, you will receive timely support. I rate the solution an eight out of ten.
I would tell potential users that it's a good tool. On a scale from one to ten, I would give Nice Actimize Fraud & Authentication Management a nine.
I would go for it. With all the negatives, it is still the best in the market. I would rate it an eight out of 10.
I would recommend this solution, but this recommendation comes with a disclaimer that a big support team is required to maintain this solution daily. It is a good solution, but you should be ready to spend a lot on the technical support team. I would rate Nice Actimize Fraud & Authentication Management an eight out of ten.
I would definitely recommend this solution to other users. From a developer perspective, it's easy for me to implement any new change. If we consider the cases of the requests or what we want as a financial institution, they change rapidly. The markets change and the rules change, regulations change. Implementation must be quick. It is easier to optimize. This is from a developer's perspective. From a user's perspective, you can actually make a change in your application on the fly, which will make you better than your competitor banks or financial institutions, which will affect your customers' profits because it is a service you are giving to a client, which in turn gives their services to the customer. If you are giving our services to a bank, they would be customers for the bank, which would benefit them. If the bank is going to meet the changes quickly, if there is a new method of payment or something that can be included faster from a bank's perspective, that is a consideration. So definitely on the bank side, as well as the development side, I would recommend this to people who are considering this solution. As a developer, we used to develop everything from scratch and stayed more time in a building, with the same stuff over and over again. But after using this product, rather than recreating the same thing, or reinventing the wheel, you can always make use of the existing things. I see something more quickly. You can implement things more quickly rather than spending your effort on things that don't matter at the end of the day. On a scale of one to ten, I would rate Nice Actimize Fraud & Authentication Management a nine. Just keeping one point for the scope of improvement.
I have experience with three softwares and I would recommend Mentor on top of Actimize. The technical component of Actimize is unnecessarily complicated. The solution requires a lot of testing. I would rate this solution a seven out of 10.
If you want to go with Actimize, one drawback is that you will need to have two different database consoles. One is for the RMS Management Studio another is for an Oracle database. If you would like to go with a single unified version and would like to have the simpler kind of console, then Opstat is also equally good. It depends on the vendor's requirements. In the next release, I would like to see a provision for the generation of identity-based notifications, like email notifications that can be communicated to Outlook or Microsoft. Email notifications can definitely be a value-add. I would rate Actimize an 8.5 out of ten.
From our experience, when these products are launched, they're highly supported by the vendor, in this case, Nice. But as they get more mature, the vendor wants to develop new solutions and charge more money, and the new solutions are more sophisticated and do more things and have more buttons and such, but they start to slow down and stop supporting their older products. I would say — Actimize is not being moved forward by Nice. We have to move towards a new platform because we want some diversification. We use a lot of Nice products for coms and voice recordings. I think maybe there was just a sense that we're over-relying on one single company. That's the main reason why we are going to switch solutions in the near future. My advice for anyone looking to implement this solution: I suggest that they look elsewhere. There is a lot of new innovation coming from other firms. There's no single big lesson to be learned. It's a great starting point for small to medium-sized banks. It's very comprehensive and scalable, but when you get to more sophisticated operations, I don't think it's very forward-looking — I don't think it's a great solution. Overall, on a scale from one to ten, I would give this solution rating of seven. It's very reliable but it's dated, it's not something that I would want to start deploying today unless the size of my operation dictated that I used this solution.
I would recommend this product to any other organization that wants to use it. My advice would be: it is very important to prepare upfront. What is the main theme or types of configurations that you want to do? This is important because after you have implemented it, it will be very difficult to change it in the future. For example, currently, I'm handling a project for two different countries (Thailand and Vietnam), but it's on the same platform. These countries have agreed to use this platform and they will have their own configurations. Before that, I was doing a project for Singapore and the Philippines but I did it with two different platforms. It was the same product, but with two different platforms and different configurations. After some time, a few years of using Actimize for Singapore and the Philippines earlier, we decided that these two countries should use Actimize as well, but there were some takeaway points from Singapore and the Philippines that we wanted to change for this different platform for Taiwan and Vietnam. Whatever issues that we experienced when we did the project for Singapore and the Philippines earlier, we didn't encounter those problems in Taiwan and Vietnam later. It was actually a good lesson learned. Overall, on a scale from one to ten, I would give NICE Actimize a rating of nine. It's a great solution for project monitoring.
I would recommend this solution, it's very comprehensive and has given us many insights. We learned a lot from NICE Actimize team which helped us streamlining certain processes in our organization as well. I would rate this solution a 9 out of 10.
Whenever you do any transaction always double-check what you are entering like country codes or account numbers. One or two digits are based here and there and it will make a huge difference. You have to follow up. Be very careful of what you're entering. I would rate Actimize an eight out of ten.
The solution requires patience and a fair amount of work and study because there's nothing on the internet. It requires knowledge gained from studying the user guides and decision-making has to be based on that. There's nobody to ask and that's the most difficult part. I would rate this solution a seven out of 10.