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FICO Falcon Platform vs IdentityMind comparison

FICO and Acuant are both solutions in the Fraud Detection and Prevention category. FICO is ranked #3 with an average rating of 7.0, while Acuant is ranked #56. FICO holds a 8.9% mindshare in FDP, compared to Acuant’s 0.1% mindshare. Additionally, 100% of FICO users are willing to recommend the solution, compared to 100% of Acuant users who would recommend it.
FICO Falcon Platform
Read 2 FICO Falcon Platform reviews
  • 1,776 Views
  • 1,044 Comparison Views
100% willing to recommend
IdentityMind
Read 2 IdentityMind reviews
  • 55 Views
  • 14 Comparison Views
100% willing to recommend
 

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 12, 2024

FICO Falcon Platform and IdentityMind compete in fraud detection and prevention. IdentityMind often has the upper hand with advanced features compared to FICO Falcon's favorable pricing and support.

Features:FICO Falcon Platform offers a robust neural network and machine learning capabilities for enhanced fraud detection accuracy. It includes adaptive analytics and a scalable platform. IdentityMind is recognized for its digital identity verification, strong risk assessment tools, and regulatory compliance support. It integrates identity verification for comprehensive analysis.

Ease of Deployment and Customer Service:FICO Falcon Platform provides efficient deployment with strong support services for easy integration into existing systems. IdentityMind offers seamless deployment, focusing on detailed customer consultations and tailored solutions. While both offer high levels of customer service, IdentityMind's personalized approach may appeal to those needing bespoke deployment.

Pricing and ROI:FICO Falcon Platform is seen as cost-effective, with a pricing model that delivers substantial ROI through reduced fraud losses. IdentityMind, although higher in initial setup cost, tends to justify this investment with a potential higher long-term ROI due to its expanded feature set and strong compliance support. The choice depends on whether immediate cost savings or long-term feature value is prioritized.

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To learn more, read our detailed FICO Falcon Platform vs. IdentityMind Report (Updated: April 2025).
Buyer's Guide
FICO Falcon Platform vs. IdentityMind
April 2025
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Review summaries and opinions

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

Categories and Ranking

FICO Falcon Platform
Ranking in Fraud Detection and Prevention
3rd
Average Rating
8.6
Reviews Sentiment
5.5
Number of Reviews
2
Ranking in other categories
No ranking in other categories
IdentityMind
Ranking in Fraud Detection and Prevention
56th
Average Rating
8.6
Reviews Sentiment
6.7
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of May 2025, in the Fraud Detection and Prevention category, the mindshare of FICO Falcon Platform is 8.9%, up from 7.6% compared to the previous year. The mindshare of IdentityMind is 0.1%, down from 0.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

LA
It can set rules to identify suspicious activity at each point of sale during every transaction
I previously worked at Santander Bank FICO and Oracle. It was only about six months. 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 now. Our solution here in Brazil doesn't work for Europe, Africa, the USA, Canada, or Mexico. It's unique to Brazil and designed based on the transaction patterns of people living here. FICO has all the information on our transactions, and the logs of old transactions are on the central server. It's the same for other banks like Fordesco, Santandar, CitiBank, etc. All these banks send their transactions to the server, and FICO Analytics uses all the information about transactions in Brazil to build a model.
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DB
Great third-party integrations, very stable and easy to set up
Some of the language around rules and integration can certainly be improved. Account creation rules and account creation flows were very helpful to me and very easy to understand, however, the management of transactions on the platform is not very good. The integration between the management of transactions and the management of account creation is quite low. I would love it if they could combine the two and make it a little bit more robust. Mostly the challenge that I faced is some of the limiting rules or some of the fraud-related checks or preventive measures that we were taking, if we could take that on the account creation side, the transaction side, it would not carry over. We would have to redo the same thing there. The number of rooms on the transaction side was fewer. What I want is deeper and better integration between a transaction and an actual account that's been created today. Let's say that I opened the details for the transaction to figure out something about it. The transaction is coming from a different geography. I want to know what's going on with it. If I could do that, I would ideally like to know who is doing the transaction without separately having to go and find this account through email search or whatever. Linkage between the two is pretty low and rules as well are not very integrated between the two. In terms of AML and transaction management use cases, they do aggregate transactions. For example, let's say over a period of one month I do five transactions. Their backend system knows how many transactions I've done, yet they don't expose that to me on the user's side. I cannot see that and report it. I have to do a calculation. If I'm the user, as in I'm the company that's using it, I have to run calculations on my side to figure out how much transaction has gone through.
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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:
 

Pros

"It can make real-time decisions or real-time declines."
"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 now."
"The automated checks are excellent."
"They have a very wide variety of rules that allow you to integrate well."
 

Cons

"I've had bad experiences with FICO support. At the bank, we've faced critical problems where we only had minutes to find the solution, and it's hard to explain quickly. We contacted FICO, but they told us it was beyond their scope of support. They try to triage the call by asking us how much money we're losing, but I can't go into that."
"When setting up rules or parameters, some coding is required, and the learning curve is quite steep."
"Some of the language around rules and integration can certainly be improved."
"The UI at first felt like it wasn't the easiest interface to interact with."
 

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."
"The functionality is fine, but the price is getting more expensive."
"The SaaS model that we pay is what I know the cost for, and it's reasonable. It's about just under $1,000 or something per month. There is a certain number of users that you get free."
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Top Industries

By visitors reading reviews
Financial Services Firm
44%
Computer Software Company
15%
Government
4%
Comms Service Provider
4%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for FICO Falcon Platform?
It is expensive.
See all answers
What needs improvement with FICO Falcon Platform?
FICO users are business users, not developers. When setting up rules or parameters, some coding is required, and the learning curve is quite steep. This is a disadvantage of FICO. Additionally, the...
See all answers
What is your primary use case for FICO Falcon Platform?
I use FICO Falcon app manager. I think it was from 2019, but I'm not quite sure. Maybe it was 2017. I'm a customer of the product, and I use it for bottom-line and operational risk. For the granula...
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Comparisons

SAS Fraud Management vs FICO Falcon Platform Logo
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Compared 41% of the time
ThreatMetrix vs FICO Falcon Platform Logo
ThreatMetrix vs FICO Falcon Platform
Compared 12% of the time
ACI Fraud Management vs FICO Falcon Platform Logo
ACI Fraud Management vs FICO Falcon Platform
Compared 12% of the time
Nice Actimize Fraud & Authentication Management vs FICO Falcon Platform Logo
Nice Actimize Fraud & Authentication Management vs FICO Falcon Platform
Compared 11% of the time
Featurespace ARIC Fraud Hub vs FICO Falcon Platform Logo
Featurespace ARIC Fraud Hub vs FICO Falcon Platform
Compared 8% of the time
More FICO Falcon Platform Competitors
No data available
 

Product Reports

Buyer's Guide
Fraud Detection and Prevention
April 2025
FICO Falcon Platform reportDownload FICO Falcon Platform product report
Buyer's Guide
Fraud Detection and Prevention
April 2025
IdentityMind reportDownload IdentityMind product report
 

Also Known As

Falcon Platform
No data available
 

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.

FICO

The balance between best experience and least fraud is tough to find. Too much risk means fraud and chargebacks that can hurt your bottomline. Too much security means fewer customers and more unhappy customers. What’s the balance for the best online fraud detection? Knowing who’s on the other end of the transaction is the best start, and IdentityMind helps you get there.

IdentityMind lets you see who’s on the other end of the transaction so you can identify the good guys you want to do business with and the bad guys that you want to avoid. And, using digital identities powered by eDNA™ technology, you can get a more accurate picture of risk to enable better customer selection and fewer rejections of good customers. eDNA leverages machine learning to build trusted digital identities and analyze identities for the most accurate reputation score (risk profile) possible. Our algorithms provide reputations for each entity tailored for the industry in which you do business. And, we enable you to modify your risk process on the fly, adding in additional checks where merited.

Acuant
 

Sample Customers

Information Not Available
Veem, Mercari, Fundbx, Binance, Huobi, Mezu, Montual
Buyer's Guide
FICO Falcon Platform vs. IdentityMind
April 2025
Free Report: FICO Falcon Platform vs. IdentityMind
Find out what your peers are saying about FICO Falcon Platform vs. IdentityMind and other solutions. Updated: April 2025.
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