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IBM Safer Payments vs SAS Fraud Management comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IBM Safer Payments
Ranking in Fraud Detection and Prevention
4th
Average Rating
8.0
Reviews Sentiment
7.2
Number of Reviews
1
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 IBM Safer Payments is 4.6%, down from 5.2% 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

Yurii Fedets - PeerSpot reviewer
Helps determine whether a transaction is correct or fraudulent
It's a very fast solution. It can make decisions in 10, 20 or 30 milliseconds. Another feature is that it's a white-box solution. Our clients can see the system's operation, including the rules influencing each decision. Additionally, it's an omnichannel solution capable of utilizing information from various digital channels such as card processing, mobile banking, web banking, APMs, and others. This allows for transaction analysis. Moreover, it's a highly adaptable solution that can integrate machine learning, both external and internal models, making it easy to implement. Compared to competitors, it's one of the easiest solutions to implement. The tool allows historical data to be leveraged within the system to train models without needing external systems. Secondly, it supports external modeling systems, enabling customers to create and train models outside the product and then integrate them into the system. This is useful for customers who utilize other machine learning and artificial intelligence systems alongside IBM Safer Payments.
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's a very fast solution. It can make decisions in 10, 20 or 30 milliseconds. Another feature is that it's a white-box solution. Our clients can see the system's operation, including the rules influencing each decision. Additionally, it's an omnichannel solution capable of utilizing information from various digital channels such as card processing, mobile banking, web banking, APMs, and others."
"The solution is easy to use."
"The security is also very good."
 

Cons

"The tool should enhance its reporting interface by adding more graphical elements like charts, diagrams, etc. Customers now want more vibrant visuals—bright charts with larger tables, perhaps incorporating animations and 3D elements. Sometimes, it's challenging to explain to customers why the current solution, while good, lacks these kinds of visuals."
"Occasionally, there are some mechanisms that can work a bit slow."
 

Pricing and Cost Advice

"I rate the solution's pricing a seven out of ten."
"If your company has the budget, I would absolutely recommend SAS."
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Top Industries

By visitors reading reviews
Financial Services Firm
44%
Computer Software Company
19%
Real Estate/Law Firm
5%
University
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 needs improvement with IBM Safer Payments?
The tool should enhance its reporting interface by adding more graphical elements like charts, diagrams, etc. Customers now want more vibrant visuals—bright charts with larger tables, perhaps incor...
What is your primary use case for IBM Safer Payments?
Our customers use this solution to check financial transactions for their payments. Our customers, mainly banks, use this solution to verify the accuracy of their clients' financial transactions. T...
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Overview

 

Sample Customers

Borgun
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Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: November 2024.
823,795 professionals have used our research since 2012.