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FICO Falcon Platform vs Featurespace ARIC Fraud Hub comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Featurespace ARIC Fraud Hub
Ranking in Fraud Detection and Prevention
10th
Average Rating
9.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
FICO Falcon Platform
Ranking in Fraud Detection and Prevention
3rd
Average Rating
8.6
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Fraud Detection and Prevention category, the mindshare of Featurespace ARIC Fraud Hub is 4.9%, up from 4.0% compared to the previous year. The mindshare of FICO Falcon Platform is 9.1%, up from 7.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

Luis Inclan - PeerSpot reviewer
A flexible solution with a quick to navigate interface
The rule-writing language could be improved to make it more understandable. I was familiar with the Falcon expert language to write rules, so I had to get used to the new language used in this solution. In the next release, as an additional feature, it will be good to have the capability to sort and play visual effects in the fields. This will help to distinguish each record from the other. For example, we currently have a bar that shows if a person has a high or low score. If the score is 35%, the bar is considered low, and if the score moves to 99%, the bar increases. However, we don't have the capability as interface users to make this function appear in other fields where we want it displayed. We have only the score field, which is pre-configured with this functionality.
LA
It can set rules to identify suspicious activity at each point of sale during every transaction
I previously worked at Santander Bank FICO and Oracle. It was only about six months. FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until now. Our solution here in Brazil doesn't work for Europe, Africa, the USA, Canada, or Mexico. It's unique to Brazil and designed based on the transaction patterns of people living here. FICO has all the information on our transactions, and the logs of old transactions are on the central server. It's the same for other banks like Fordesco, Santandar, CitiBank, etc. All these banks send their transactions to the server, and FICO Analytics uses all the information about transactions in Brazil to build a model.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The most valuable feature is its zero degradation model. You don't have to train the model every three to six months, and it automatically functions."
"It can make real-time decisions or real-time declines."
"FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until now."
 

Cons

"The rule-writing language could be improved to make it more understandable."
"When setting up rules or parameters, some coding is required, and the learning curve is quite steep."
"I've had bad experiences with FICO support. At the bank, we've faced critical problems where we only had minutes to find the solution, and it's hard to explain quickly. We contacted FICO, but they told us it was beyond their scope of support. They try to triage the call by asking us how much money we're losing, but I can't go into that."
 

Pricing and Cost Advice

"The pricing is reasonable. It is not cheap, but it is fair."
"The functionality is fine, but the price is getting more expensive."
"FICO is one of the best fraud detection platforms. However, a small bank might find it too expensive. In that case, I would agree it's probably not worth it. However, it's a no-brainer if your bank has 50 million accounts and 7 million credit card transactions daily."
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Top Industries

By visitors reading reviews
Financial Services Firm
45%
Computer Software Company
9%
Manufacturing Company
6%
Non Profit
4%
Financial Services Firm
38%
Computer Software Company
17%
Government
5%
Manufacturing Company
4%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

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What do you like most about FICO Falcon Platform?
FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until ...
What needs improvement with FICO Falcon Platform?
FICO users are business users, not developers. When setting up rules or parameters, some coding is required, and the learning curve is quite steep. This is a disadvantage of FICO. Additionally, the...
 

Also Known As

ARIC Fraud Hub, ARIC platform
Falcon Platform
 

Learn More

 

Overview

 

Sample Customers

TSYS, OpenBet, William Hill, Zapp, Credit Reference Agency, Responsible Gambling Trust, Betfair, kPMG, Camelot
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Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: October 2024.
816,406 professionals have used our research since 2012.