BioCatch vs Nice Actimize Fraud & Authentication Management comparison

"It can track mouse movements as well as the actual oriental moments of such as the movement of devices, how they are held, and the angles which at they are held. All these are captured for customers and a behavioral profile is built for the customer over a period of time. This would be matched against any fraudulent behavior. If, for example, suddenly a customer account seems to be accessed by our profile, which is not one particular customer account, if the movements or habits are suspect, we can catch the fraud and shut it down."

"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."

"Nice's most valuable feature would be its rule engine."

"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data."

"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."

"It's a very good product for compliance and transaction monitoring for anti-money laundering."

"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 most valuable feature is automation which makes our transaction capture 40 percent easier."

"It's a very good case management system."

"BioCatch is one of the fraud detection tools which also has machine learning capabilities and it has what is called a machine learning model feature. It is run in the background. The consequence of those machine models is it is complex to perform data functions and the activity and programming techniques. The decision-making for determining what's happening within those models is a little bit complex and not at all transparent. It's not easy for businesses to understand how the model is using the data of the bank customers in order to come to the assumption it does."

"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."

"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."

"Sometimes when we move from one version to another, a few things don't work as expected."

"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."

"Its user interface could be better."

"Processes don't function when front end is down."

"The patch section has room for improvement."

"I don't like the length of our vendor contracts because it kills our flexibility."

"It is reasonable for enterprise customers."

"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."