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Nice Actimize Fraud & Authentication Management pros and cons

Vendor: NICE
4.1 out of 5
Badge Ranked 1
408 followers
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Nice Actimize Fraud & Authentication Management Pros review quotes

RD
Dec 29, 2022
Nice's most valuable feature would be its rule engine.
GL
Nov 21, 2023
It's a very good case management system.
Anthony Uzoh - PeerSpot reviewer
Aug 21, 2024
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.
Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: October 2024.
814,649 professionals have used our research since 2012.
HS
Nov 15, 2020
It's a very good product for compliance and transaction monitoring for anti-money laundering.
Rohit Singh Chauhan - PeerSpot reviewer
Feb 13, 2023
The process and technology in the solution are very fast, and it is bug-free.
VT
Feb 3, 2023
The solution is easier to set up, configure, and use than other products.
JS
Nov 17, 2020
The solution user-friendly interactive, informative and it is also very light.
BG
May 19, 2021
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.
AC
Nov 9, 2020
The solution loads big data efficiently and quickly.
Jahnavi Koppala - PeerSpot reviewer
Mar 8, 2023
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.
 

Nice Actimize Fraud & Authentication Management Cons review quotes

RD
Dec 29, 2022
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.
GL
Nov 21, 2023
I would say — Actimize is not being moved forward by Nice.
Rohit Singh Chauhan - PeerSpot reviewer
Feb 13, 2023
Licensing costs are high compared to other products in the market.
Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: October 2024.
814,649 professionals have used our research since 2012.
VT
Feb 3, 2023
The solution needs to mitigate and provide an update for one listener process that keeps failing.
JS
Nov 17, 2020
Could include additional customization
BG
May 19, 2021
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.
AC
Nov 9, 2020
Processes don't function when front end is down.
Jahnavi Koppala - PeerSpot reviewer
Mar 8, 2023
Sometimes when we move from one version to another, a few things don't work as expected.
PM
Nov 11, 2020
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.
PB
Nov 22, 2020
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.