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IBM Trusteer vs Nice Actimize Fraud & Authentication Management comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

IBM Trusteer
Ranking in Fraud Detection and Prevention
11th
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
Reviews Sentiment
6.8
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 IBM Trusteer is 4.1%, down from 4.1% 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

PW
The features were pretty straightforward
I do not know why it was conflicting with my system. I sent a report to Trusteer hoping they could solve the issue and I get my system back as soon as possible without any more conflicts after the Windows updates. It seems to me if It conflicts with Windows that they should deactivate the issues or (even worse) delete them at our expense. I would like them to make it as user-friendly as possible. Simplicity is what we need. Load and go. Also, a help button that we hopefully never use would be nice.
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

"The features were pretty straightforward. I just used them as I went along with very little interference all the years that I have used it."
"It's a very good case management system."
"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 core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data."
"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 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."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
 

Cons

"I would like them to make it as user-friendly as possible. Simplicity is what we need. Load and go."
"After a Windows update, it started acting up. It blocked several programs. It became inactive after the Windows update and I had to remove Trusteer, allowing my computer to go back to its norm."
"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."
"This solution is unnecessarily complex."
"The patch section has room for improvement."
"Licensing costs are high compared to other products in the market."
"I would say — Actimize is not being moved forward by Nice."
"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."
"Sometimes when we move from one version to another, a few things don't work as expected."
"I would like for it to proactively give suggestions or hints before initiating the transaction. It could make use of the data that has already occurred, like machine learning. It should learn patterns from specific countries."
 

Pricing and Cost Advice

Information not available
"I don't like the length of our vendor contracts because it kills our flexibility."
"Nice Actimize Fraud & Authentication Management is an expensive product."
"It is reasonable for enterprise customers."
"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."
"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
49%
Computer Software Company
13%
Real Estate/Law Firm
4%
Manufacturing Company
4%
Financial Services Firm
41%
Computer Software Company
9%
Manufacturing Company
6%
Energy/Utilities Company
6%
 

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

Video not available
 

Overview

 

Sample Customers

Banco Satander
Associated Banc-Corp
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.