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Nice Actimize Fraud & Authentication Management vs Riskified comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

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
Riskified
Ranking in Fraud Detection and Prevention
6th
Average Rating
9.0
Reviews Sentiment
5.8
Number of Reviews
3
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 Nice Actimize Fraud & Authentication Management is 5.5%, down from 6.0% compared to the previous year. The mindshare of Riskified is 4.7%, up from 4.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

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.
JJ
Integrates well, reasonably priced, and the technical support is helpful
The most valuable features of this solution are the scoring and the yes, or no function. I am satisfied with the documentation it provides. It integrates well with other products The user interface could be more intuitive. I have been familiar with Riskified for three years. Riskified is a…

Quotes from Members

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

Pros

"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."
"Nice's most valuable feature would be its rule engine."
"The solution's technical support is good."
"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 solution user-friendly interactive, informative and it is also very light."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"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."
"Our clients have definitely avoided losing money on multiple occasions due to fraud."
"The most valuable features of this solution are the scoring and the yes, or no function."
"The scoring mechanism is good."
 

Cons

"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."
"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."
"Its user interface could be better."
"Processes don't function when front end is down."
"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."
"The solution needs to mitigate and provide an update for one listener process that keeps failing."
"Licensing costs are high compared to other products in the market."
"The patch section has room for improvement."
"The user interface could be more intuitive."
"The fraud channel is a sensitive spot, so it's always complex."
"I can't think of any issues that we've faced that need to be improved."
 

Pricing and Cost Advice

"We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
"Nice Actimize Fraud & Authentication Management is an expensive product."
"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."
"It is determined by the requirements of each company."
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Top Industries

By visitors reading reviews
Financial Services Firm
41%
Computer Software Company
9%
Manufacturing Company
6%
Energy/Utilities Company
6%
Computer Software Company
17%
Retailer
15%
Financial Services Firm
15%
Manufacturing Company
10%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about Riskified?
The most valuable features of this solution are the scoring and the yes, or no function.
What needs improvement with Riskified?
The user interface could be more intuitive.
What advice do you have for others considering Riskified?
I think that it is a great partnership if you are looking for reliable fraud prevention for your company. I would rate Riskified an eight out of ten.
 

Also Known As

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

Learn More

Video not available
 

Overview

 

Sample Customers

Associated Banc-Corp
ALDO, Macy's, Finish Line, Burlington, Burton Group, Sky-tours, GiftCards.com, Kirna Zabête
Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. Riskified and other solutions. Updated: October 2024.
816,406 professionals have used our research since 2012.