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FICO Falcon Platform vs SAS Fraud Management comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 12, 2024
 

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
SAS Fraud Management
Ranking in Fraud Detection and Prevention
8th
Average Rating
8.0
Reviews Sentiment
6.9
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of December 2024, in the Fraud Detection and Prevention category, the mindshare of FICO Falcon Platform is 9.1%, up from 7.2% compared to the previous year. The mindshare of SAS Fraud Management is 4.1%, down from 4.9% 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.
AK
Monitor multiple channels with a single platform
Each bank has a lot of different verticals. Before, for each and every vertical, they had to implement a different fraud solution. Presently, the main purpose of SAS is to maintain a centralized platform for all of the verticals — like agriculture, NSME, and home loans. For each and every vertical, they created a centralized platform where the bank can monitor everything from one system. That is the main purpose of SAS Fraud Management. It is a little bit costly. Otherwise, it's pretty good. Suppose you are going to create a data science model or an analytical model. With Python, you have to write long subcodes, but with SAS, you just have to drag and drop those things. If you know all of the logic and all of the theories, then it's a very comfortable tool to use. The security is also very good. That's why most of the industry is adopting SAS. Data security is very good because the Reserve Bank of India has approved it. That said, almost all the banks are now implementing SAS as an all-in-one solution.

Quotes from Members

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

Pros

"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."
"The solution is easy to use."
"The security is also very good."
 

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."
"Occasionally, there are some mechanisms that can work a bit slow."
 

Pricing and Cost Advice

"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."
"If your company has the budget, I would absolutely recommend SAS."
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Top Industries

By visitors reading reviews
Financial Services Firm
38%
Computer Software Company
16%
Government
5%
Manufacturing Company
4%
Financial Services Firm
34%
Computer Software Company
16%
Manufacturing Company
7%
Government
6%
 

Company Size

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

Questions from the Community

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...
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Also Known As

Falcon Platform
No data available
 

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Overview

 

Sample Customers

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Find out what your peers are saying about FICO Falcon Platform vs. SAS Fraud Management and other solutions. Updated: December 2024.
823,795 professionals have used our research since 2012.