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Forter vs Nice Actimize Fraud & Authentication Management comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Forter
Ranking in Fraud Detection and Prevention
8th
Average Rating
9.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
Nice Actimize Fraud & Authe...
Ranking in Fraud Detection and Prevention
1st
Average Rating
8.2
Number of Reviews
17
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 Forter is 3.9%, up from 3.2% compared to the previous year. The mindshare of Nice Actimize Fraud & Authentication Management is 5.5%, down from 6.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

JG
Nov 25, 2020
Great at detecting fraudulent behavior and has reduced our financial losses
This solution is scalable. You can add more users onto it because they raise the level depending on the traffic that you give them. For instance, if I'm going to send 1,000 evaluations every minute and then 10,000 evaluations every minute, the solution needs to be able to adjust. For them, it was quite easy to scale. I was using this solution in a team of seven people. Maintenance was also carried out by the team. We worked with tickets and when we saw that there was a new version or we needed changes that required integration, anyone working on the team could do it.
Jahnavi Koppala - PeerSpot reviewer
Mar 8, 2023
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

"Dashboards, customization and the analytics are all good, it's user friendly."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
"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."
"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."
"The tool helped my clients track some fraudulent activities which couldn’t have been possible without the solution. Once the solution is deployed, the system of the client needs to be upgraded and overhauled to reflect the new system. The end users can see the benefits of it. The integration of the solution is increasing the customer base of our clients since more customers from other banks have decided to join the client bank due to the level of security."
"The case management tool is user friendly."
"The solution's technical support is good."
"The alerts are the most valuable feature because we have different alerts. Different data is fed to Actimize. It alerts us if a transaction happened from a certain place."
 

Cons

"Lacking granularity on the acceptance/rejection fraud options."
"It has become too complex for its own good with a lot of versions. They are trying to do too much. Instead of keeping it sort of traditional and keeping the core search engine as a standalone and having analytical bolt-ons, they have decided to jam it all into the same product, which made the product overly complex and difficult to implement."
"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."
"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."
"Its user interface could be better."
"Could include additional customization"
"The solution needs to mitigate and provide an update for one listener process that keeps failing."
"Sometimes when we move from one version to another, a few things don't work as expected."
"It is complex in terms of daily maintenance. Other detection platforms run on a 15-day or one-month window, whereas this particular platform runs daily. Therefore, it requires daily maintenance. If there is a delay due to this daily maintenance, it creates a snowball effect impacting the subsequent days. It takes a lot of effort to catch up and get into BAU mode. It would be great if they could include certain features to make the daily processing less complex, but I don't see that happening. It is a complex product, and with each version release, it is just becoming more and more complex."
 

Pricing and Cost Advice

Information not available
"We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
"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."
"It is reasonable for enterprise customers."
"I don't like the length of our vendor contracts because it kills our flexibility."
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Top Industries

By visitors reading reviews
Financial Services Firm
15%
Retailer
12%
Manufacturing Company
11%
Computer Software Company
9%
Financial Services Firm
43%
Computer Software Company
8%
Manufacturing Company
6%
Energy/Utilities Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

 

Also Known As

No data available
Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
 

Learn More

 

Overview

 

Sample Customers

Kiwi.com, Fiverr, James Allen
Associated Banc-Corp
Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: October 2024.
814,649 professionals have used our research since 2012.