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FICO Falcon Platform vs Nice Actimize Fraud & Authentication Management comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 12, 2024

Review summaries and opinions

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

Categories and Ranking

FICO Falcon Platform
Ranking in Fraud Detection and Prevention
3rd
Average Rating
8.6
Reviews Sentiment
5.5
Number of Reviews
2
Ranking in other categories
No ranking in other categories
Nice Actimize Fraud & Authe...
Ranking in Fraud Detection and Prevention
2nd
Average Rating
8.2
Reviews Sentiment
6.5
Number of Reviews
17
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of April 2025, in the Fraud Detection and Prevention category, the mindshare of FICO Falcon Platform is 9.0%, up from 8.0% compared to the previous year. The mindshare of Nice Actimize Fraud & Authentication Management is 6.3%, up from 5.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

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.
Jahnavi Koppala - PeerSpot reviewer
A good designer for the UI, stable, and scalable
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.

Quotes from Members

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

Pros

"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."
"It can make real-time decisions or real-time declines."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
"The process and technology in the solution are very fast, and it is bug-free."
"The case management tool is user friendly."
"The most valuable feature is the designer, which allows us to connect to UI and build things directly, such as creating a platform with our synchronizing policy manager rules, without any additional requirements."
"The solution user-friendly interactive, informative and it is also very light."
"The solution is easier to set up, configure, and use than other products."
"The solution's technical support is good."
"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."
 

Cons

"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."
"When setting up rules or parameters, some coding is required, and the learning curve is quite steep."
"This solution is unnecessarily complex."
"The patch section has room for improvement."
"Processes don't function when front end is down."
"Could include additional customization"
"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."
"It would be better if it integrated with other tools. Actimize uses many databases, and everything on Actimize has been deployed to the database. On the customer side, on the front end side, if they focus more on integrating with other applications, it can make the tool better. The reporting feature and dashboards could be better. In the next release, I would like them to incorporate a Tableau-type reporting structure within this tool."
"I would say — Actimize is not being moved forward by Nice."
"Sometimes when we move from one version to another, a few things don't work as expected."
 

Pricing and Cost Advice

"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."
"The functionality is fine, but the price is getting more expensive."
"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."
"I don't like the length of our vendor contracts because it kills our flexibility."
"It is reasonable for enterprise customers."
"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."
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Top Industries

By visitors reading reviews
Financial Services Firm
43%
Computer Software Company
14%
Government
4%
Comms Service Provider
3%
Financial Services Firm
43%
Computer Software Company
8%
Comms Service Provider
6%
Energy/Utilities Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

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...
What is your primary use case for FICO Falcon Platform?
I use FICO Falcon app manager. I think it was from 2019, but I'm not quite sure. Maybe it was 2017. I'm a customer of the product, and I use it for bottom-line and operational risk. For the granula...
 

Also Known As

Falcon Platform
Actimize, NICE Actimize
 

Overview

 

Sample Customers

Information Not Available
Associated Banc-Corp
Find out what your peers are saying about FICO Falcon Platform vs. Nice Actimize Fraud & Authentication Management and other solutions. Updated: March 2025.
845,040 professionals have used our research since 2012.