FICO Falcon Platform vs IBM Safer Payments comparison

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FICO Logo
1,661 views|1,016 comparisons
100% willing to recommend
IBM Logo
1,288 views|779 comparisons
Comparison Buyer's Guide
Executive Summary

We performed a comparison between FICO Falcon Platform and IBM Safer Payments 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).
768,578 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:
Pricing and Cost Advice
  • "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."
  • More FICO Falcon Platform Pricing and Cost Advice →

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    Questions from the Community
    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 »
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    Ranking
    Views
    1,661
    Comparisons
    1,016
    Reviews
    1
    Average Words per Review
    1,029
    Rating
    10.0
    Views
    1,288
    Comparisons
    779
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Also Known As
    Falcon Platform
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    Overview

    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.

    Adapt faster to changing threats and new products by dramatically shrinking the time it takes to test and deploy new profiles, rules, and models. Using a unique cognitive computing approach, IBM Safer Payments profiles the behavior of any entity and delivers best-fit analytics interactively to fraud professionals. This proven technology is already protecting some of the world's largest and most complex payment portfolios. Outthink fraud by rethinking detection.

    Sample Customers
    Borgun
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm38%
    Computer Software Company17%
    Manufacturing Company5%
    Retailer4%
    VISITORS READING REVIEWS
    Financial Services Firm44%
    Computer Software Company19%
    University4%
    Media Company4%
    Company Size
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise7%
    Large Enterprise80%
    VISITORS READING REVIEWS
    Small Business23%
    Midsize Enterprise10%
    Large Enterprise68%
    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.
    768,578 professionals have used our research since 2012.

    FICO Falcon Platform is ranked 3rd in Fraud Detection and Prevention with 1 review while IBM Safer Payments is ranked 9th in Fraud Detection and Prevention. FICO Falcon Platform is rated 10.0, while IBM Safer Payments is rated 0.0. The top reviewer of FICO Falcon Platform writes "It can set rules to identify suspicious activity at each point of sale during every transaction". On the other hand, FICO Falcon Platform is most compared with SAS Fraud Management, ThreatMetrix, ACI Fraud Management, Nice Actimize Fraud & Authentication Management and Featurespace ARIC Fraud Hub, whereas IBM Safer Payments is most compared with SAS Fraud Management, IBM Trusteer, Nice Actimize Fraud & Authentication Management, IBM Financial Crimes Insights (FCI) and ThreatMetrix.

    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.