Featurespace ARIC Fraud Hub vs Nice Actimize Fraud & Authentication Management comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Featurespace ARIC Fraud Hub and Nice Actimize Fraud & Authentication Management 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).
768,857 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable feature is its zero degradation model. You don't have to train the model every three to six months, and it automatically functions."

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"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 most valuable feature is automation which makes our transaction capture 40 percent easier.""The process and technology in the solution are very fast, and it is bug-free.""I like the tracking methodology. Though it was implemented on-premises, the compliance is compatible with it. It will have certain modifications with RPM and APR. It has good exposure from a compliance point of view.""The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""It's a very good case management system.""Nice's most valuable feature would be its rule engine.""The solution is easier to set up, configure, and use than other products."

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Cons
"The rule-writing language could be improved to make it more understandable."

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"Could include additional customization""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.""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.""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.""Processes don't function when front end is down.""I would say — Actimize is not being moved forward by Nice.""Sometimes when we move from one version to another, a few things don't work as expected.""The solution needs to mitigate and provide an update for one listener process that keeps failing."

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Pricing and Cost Advice
  • "The pricing is reasonable. It is not cheap, but it is fair."
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  • "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."
  • "Nice Actimize Fraud & Authentication Management is an expensive product."
  • "We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
  • "It is reasonable for enterprise customers."
  • "I don't like the length of our vendor contracts because it kills our flexibility."
  • More Nice Actimize Fraud & Authentication Management Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The most valuable feature is its zero degradation model. You don't have to train the model every three to six months, and it automatically functions.
    Top Answer:The pricing is reasonable. It is not cheap, but it is fair.
    Top Answer:The rule-writing language could be improved to make it more understandable. I was familiar with the Falcon expert language to write rules, so I had to get used to the new language used in this… more »
    Top Answer:We use the solution as an anti-money laundering application to monitor financial crimes.
    Ranking
    Views
    1,035
    Comparisons
    611
    Reviews
    1
    Average Words per Review
    813
    Rating
    9.0
    Views
    3,274
    Comparisons
    869
    Reviews
    9
    Average Words per Review
    1,051
    Rating
    8.4
    Comparisons
    Also Known As
    ARIC Fraud Hub, ARIC platform
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    Overview

    Featurespace’s ARIC engine is the smartest technological approach to fraud management, developed to cope with the constant threat of new fraud attacks, while enabling businesses to accept their genuine customers – on premise or via secure cloud.

    Featurespace’s ARIC engine (Adaptive, Real-time, Individual, Change Identification) is a real-time, machine learning, fraud management software platform for organisations in financial services, insurance and gaming.

    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.
    Sample Customers
    TSYS, OpenBet, William Hill, Zapp, Credit Reference Agency, Responsible Gambling Trust, Betfair, kPMG, Camelot
    Associated Banc-Corp
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company13%
    Comms Service Provider5%
    Manufacturing Company5%
    REVIEWERS
    Financial Services Firm78%
    Computer Software Company11%
    Printing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm42%
    Computer Software Company10%
    Manufacturing Company5%
    Energy/Utilities Company5%
    Company Size
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise11%
    Large Enterprise66%
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    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.
    768,857 professionals have used our research since 2012.

    Featurespace ARIC Fraud Hub is ranked 6th in Fraud Detection and Prevention with 1 review while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews. Featurespace ARIC Fraud Hub is rated 9.0, while Nice Actimize Fraud & Authentication Management is rated 8.2. The top reviewer of Featurespace ARIC Fraud Hub writes "A flexible solution with a quick to navigate interface ". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". Featurespace ARIC Fraud Hub is most compared with ThreatMetrix, Guardian Analytics Fraud Detection, FICO Falcon Platform, BioCatch and IBM Safer Payments, whereas Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, ThreatMetrix and Guardian Analytics Fraud Detection.

    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.