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FICO Falcon Platform vs Nice Actimize Fraud & Authentication Management comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 12, 2024

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
4th
Average Rating
8.6
Reviews Sentiment
5.5
Number of Reviews
2
Ranking in other categories
No ranking in other categories
Nice Actimize Fraud & Authe...
Ranking in Fraud Detection and Prevention
2nd
Average Rating
8.2
Reviews Sentiment
6.5
Number of Reviews
18
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of February 2026, in the Fraud Detection and Prevention category, the mindshare of FICO Falcon Platform is 3.9%, down from 9.1% compared to the previous year. The mindshare of Nice Actimize Fraud & Authentication Management is 3.6%, down from 6.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention Market Share Distribution
ProductMarket Share (%)
Nice Actimize Fraud & Authentication Management3.6%
FICO Falcon Platform3.9%
Other92.5%
Fraud Detection and Prevention
 

Featured Reviews

reviewer2511618 - PeerSpot reviewer
Manager - Anti-Fraud Strategy & System Solution Officer at a financial services firm with 10,001+ employees
Real-time capability, consortium data model but offline analysis of transactions is not flexible
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 offline analysis of transactions is not flexible. Transactions need to be flagged as fraud to show up in the analysis, making it difficult to identify false negatives. The Identity Resolution Engine (IRE), an extension to FICO Falcon Platform, is helpful. However, integration with FICO Falcon Fraud Manager can be challenging due to its rigid template and data format requirements. This can cause delays in development and integration, potentially postponing projects by a month or two. AI is another thing they could improve is how they create the data model for my bank's detection data. From what I understand, they already have the capability to do that. But the data being processed in my bank, the ones they can process, is not really much. Maybe it's just a mistake on my part. But in terms of AI other than machine learning that they've already implemented, I have not seen any significant use case.
RK
AML Compliance Analyst at HCLTech
Easy transaction monitoring but requires improvement in handling high user volumes
We can definitely improve the Nice Actimize Fraud & Authentication Management tool because I sometimes encounter issues while searching for particular customer transactions; it results in errors and I cannot easily find specific transactions. If there is improvement in those points, we can easily identify customer details and detect spikes in transactions to cover money laundering. Regarding specific features, I think AI should be implemented in the Nice Actimize Fraud & Authentication Management tool. AI should be integrated for better analysis and suggestions because nowadays, AI is very important for all organizations. If implemented, it can easily identify transaction details, reducing the need for extra manpower.

Quotes from Members

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

Pros

"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."
"It can make real-time decisions or real-time declines."
"The solution user-friendly interactive, informative and it is also very light."
"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."
"Nice's most valuable feature would be its rule engine."
"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."
"It's a very good product for compliance and transaction monitoring for anti-money laundering."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
"The alerts are the most valuable feature because we have different alerts. Different data is fed to Actimize. It alerts us if a transaction happened from a certain place."
"The case management tool is user friendly."
 

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."
"This solution is unnecessarily complex."
"I would say — Actimize is not being moved forward by Nice."
"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."
"Licensing costs are high compared to other products in the market."
"Its user interface could be better."
"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."
"Sometimes when we move from one version to another, a few things don't work as expected."
 

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."
"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."
"I don't like the length of our vendor contracts because it kills our flexibility."
"Nice Actimize Fraud & Authentication Management is an expensive product."
"It is reasonable for enterprise customers."
"We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
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Top Industries

By visitors reading reviews
Financial Services Firm
42%
Computer Software Company
10%
Comms Service Provider
7%
Healthcare Company
4%
Financial Services Firm
35%
Comms Service Provider
10%
Sports Company
6%
Performing Arts
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business4
Large Enterprise14
 

Questions from the Community

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...
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...
What is your primary use case for Nice Actimize Fraud & Authentication Management?
I am working on Transaction Monitoring and Fraud Risk, and I have experience using the Nice Actimize Fraud & Authentication Management tool alongside World-Check and Salesforce for this purpose...
What needs improvement with Nice Actimize Fraud & Authentication Management?
We can definitely improve the Nice Actimize Fraud & Authentication Management tool because I sometimes encounter issues while searching for particular customer transactions; it results in error...
What advice do you have for others considering Nice Actimize Fraud & Authentication Management?
I have rated Nice Actimize Fraud & Authentication Management a seven out of ten. AI should be integrated into the Nice Actimize Fraud & Authentication Management tool for better analysis an...
 

Also Known As

Falcon Platform
Actimize, NICE Actimize
 

Overview

 

Sample Customers

Information Not Available
Associated Banc-Corp
Find out what your peers are saying about FICO Falcon Platform vs. Nice Actimize Fraud & Authentication Management and other solutions. Updated: February 2026.
882,594 professionals have used our research since 2012.