FICO Falcon Platform vs Riskified comparison

FICO and Riskified are both solutions in the Fraud Detection and Prevention category. FICO is ranked #3 with an average rating of 7.0, while Riskified is ranked #10. FICO holds a 8.9% mindshare in FDP, compared to Riskified’s 5.1% mindshare. Additionally, 100% of FICO users are willing to recommend the solution, compared to 100% of Riskified 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

Riskified

Read 3 Riskified reviews

743 Views
588 Comparison Views

100% willing to recommend

FICO Falcon Platform

Riskified

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 12, 2024

Riskified and FICO Falcon Platform are products in the fraud prevention arena. FICO Falcon Platform stands out due to its comprehensive feature set, making it a preferred choice for tech buyers.

Features: Riskified focuses on AI-powered fraud detection, chargeback management, and seamless e-commerce integration. Meanwhile, FICO Falcon Platform offers robust analytics, machine learning, and extensive transactional data analysis.

Ease of Deployment and Customer Service: Riskified is tailored for e-commerce with dedicated support for quick integration. FICO Falcon Platform caters to banking systems with comprehensive support services.

Pricing and ROI: Riskified offers competitive pricing with a strong ROI by decreasing chargebacks and increasing revenue. FICO Falcon Platform requires a higher setup cost but provides significant ROI through enhanced fraud detection and reduced fraud losses.

To learn more, read our detailed FICO Falcon Platform vs. Riskified Report (Updated: April 2025).

Buyer's Guide

FICO Falcon Platform vs. Riskified

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

Ranking in other categories

No ranking in other categories

Riskified

Ranking in Fraud Detection and Prevention

10th

Average Rating

9.0

Reviews Sentiment

7.4

Number of Reviews

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 Riskified is 5.1%, up from 4.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Fraud Detection and Prevention

Featured Reviews

Lester Ayllon

Senior Systems Analyst at Itau Unibanco S.A.

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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Jason Jay

Operations Manager at Wanderlust

Integrates well, reasonably priced, and the technical support is helpful

The most valuable features of this solution are the scoring and the yes, or no function. I am satisfied with the documentation it provides. It integrates well with other products The user interface could be more intuitive. I have been familiar with Riskified for three years. Riskified is a…

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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."

"Our clients have definitely avoided losing money on multiple occasions due to fraud."

"The most valuable features of this solution are the scoring and the yes, or no function."

"The scoring mechanism is good."

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."

"The user interface could be more intuitive."

"I can't think of any issues that we've faced that need to be improved."

"The fraud channel is a sensitive spot, so it's always complex."

Pricing and Cost Advice

"The functionality is fine, but the price is getting more expensive."

"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."

"It is determined by the requirements of each company."

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Top Industries

By visitors reading reviews

Financial Services Firm

44%

Computer Software Company

15%

Government

Comms Service Provider

Financial Services Firm

18%

Retailer

15%

Computer Software Company

13%

Manufacturing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What is your experience regarding pricing and costs for FICO Falcon Platform?

It is expensive.

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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...

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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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Nice Actimize Fraud & Authentication Management vs FICO Falcon Platform

Compared 11% of the time

Featurespace ARIC Fraud Hub vs FICO Falcon Platform

Compared 8% of the time

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Compared 11% of the time

Ravelin vs Riskified

Compared 11% of the time

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Product Reports

Buyer's Guide

Fraud Detection and Prevention

April 2025

Download FICO Falcon Platform product report

Buyer's Guide

Fraud Detection and Prevention

April 2025

Download Riskified 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

Riskified's fraud detection solution protects eCommerce merchants from chargebacks while minimizing the impact of false declines on online revenues. Machine learning models eliminate the need to manually adjust fraud detection, and elastic linking drives decision speed and accuracy.

Riskified

Sample Customers

Information Not Available

ALDO, Macy's, Finish Line, Burlington, Burton Group, Sky-tours, GiftCards.com, Kirna Zabête

Buyer's Guide

FICO Falcon Platform vs. Riskified

April 2025

Free Report: FICO Falcon Platform vs. Riskified

Find out what your peers are saying about FICO Falcon Platform vs. Riskified and other solutions. Updated: April 2025.

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