Aspect Verify vs FICO Falcon Platform comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Aspect Verify and FICO Falcon Platform based on real PeerSpot user reviews.

Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention.
To learn more, read our detailed Fraud Detection and Prevention Report (Updated: March 2024).
765,234 professionals have used our research since 2012.
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Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pricing and Cost Advice
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  • "FICO is one of the best fraud detection platforms. However, a small bank might find it too expensive. In that case, I would agree it's probably not worth it. However, it's a no-brainer if your bank has 50 million accounts and 7 million credit card transactions daily."
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    Questions from the Community
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    Top Answer:FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until… more »
    Top Answer:When I was working at another bank, people often complained that FICO was expensive. I would tell them that it depends on the volume—for example, the old bank million 7 million transactions. If you… more »
    Top Answer:Fraud will always be a problem here in Brazil, and I think blockchain technology is the future because it increases transparency in transactions. Even with Falcon, we need to spend time verifying… more »
    Ranking
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    Comparisons
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    Reviews
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    Average Words per Review
    0
    Rating
    N/A
    Views
    1,633
    Comparisons
    990
    Reviews
    1
    Average Words per Review
    1,029
    Rating
    10.0
    Comparisons
    Also Known As
    Falcon Platform
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    Overview

    Businesses face the challenge of maintaining consumer trust when sending sensitive
    information while providing the best, most convenient customer service experience
    possible. Aspect Verify addresses these concerns invisibly within a non-intrusive mature
    cloud infrastructure:
    -Reduce fraud while building trust with customers through frictionless transactions
    -Aspect Verify helps businesses better understand customer behaviour and ensures no
    sensitive communications, such as the delivery of one-time passcodes, have been
    compromised.

    Consumer banking preferences are changing - fast. Customers want to transact how and when they choose, without latency. They want a banking relationship that’s 100% convenient and 100% secure. The FICO Falcon Platform, the world’s most intelligent fraud platform, advances the consumer experience by extracting frauds from real time payment streams while remaining invisible during legitimate transactions.

    With over 70 patents in fraud-specific machine learning and AI, the FICO Falcon Platform helps financial institutions detect and prevent fraud seamlessly, in real time, all while improving the bottom line and advancing the consumer experience.

    The FICO Falcon Platform allows you to score transactions, across a rapidly expanding array of payment options, and understand customer behavior patterns so you can intelligently prevent and monitor suspicious and fraudulent behavior.

    Sample Customers
    CVS Pharmacy, The General Insurance, Citizens Financial Group, RCN
    Top Industries
    No Data Available
    VISITORS READING REVIEWS
    Financial Services Firm39%
    Computer Software Company17%
    Manufacturing Company5%
    Retailer4%
    Company Size
    No Data Available
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise7%
    Large Enterprise80%
    Buyer's Guide
    Fraud Detection and Prevention
    March 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    Aspect Verify is ranked 46th in Fraud Detection and Prevention while FICO Falcon Platform is ranked 3rd in Fraud Detection and Prevention with 1 review. Aspect Verify is rated 0.0, while FICO Falcon Platform is rated 10.0. On the other hand, the top reviewer of FICO Falcon Platform writes "It can set rules to identify suspicious activity at each point of sale during every transaction". Aspect Verify is most compared with , whereas FICO Falcon Platform is most compared with SAS Fraud Management, ThreatMetrix, Nice Actimize Fraud & Authentication Management, IBM Safer Payments and ACI Fraud Management.

    See our list of best Fraud Detection and Prevention vendors.

    We monitor all Fraud Detection and Prevention reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.