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Forter vs Nice Actimize Fraud & Authentication Management comparison

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Featured Review
Buyer's Guide
Fraud Detection and Prevention
June 2022
Find out what your peers are saying about NICE, ThreatMetrix, Forter and others in Fraud Detection and Prevention. Updated: June 2022.
610,336 professionals have used our research since 2012.
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Dashboards, customization and the analytics are all good, it's user friendly."

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"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 solution user-friendly interactive, informative and it is also very light.""The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""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.""It's a very good case management system.""The case management tool is user friendly.""They have a very expansive transaction monitoring fleet. They have a lot of models and rules to choose from. Its flexibility or ability to customize a model is very impressive as compared to other platforms.""The solution loads big data efficiently and quickly."

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Cons
"Lacking granularity on the acceptance/rejection fraud options."

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"Processes don't function when front end is down.""It is complex in terms of daily maintenance. Other detection platforms run on a 15-day or one-month window, whereas this particular platform runs daily. Therefore, it requires daily maintenance. If there is a delay due to this daily maintenance, it creates a snowball effect impacting the subsequent days. It takes a lot of effort to catch up and get into BAU mode. It would be great if they could include certain features to make the daily processing less complex, but I don't see that happening. It is a complex product, and with each version release, it is just becoming more and more complex.""I would say — Actimize is not being moved forward by Nice.""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.""One of the problems that our clients generally talk about is the price of the product when they have to purchase the product and the licenses for it. Those are on the higher side.""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 has become too complex for its own good with a lot of versions. They are trying to do too much. Instead of keeping it sort of traditional and keeping the core search engine as a standalone and having analytical bolt-ons, they have decided to jam it all into the same product, which made the product overly complex and difficult to implement.""Could include additional customization"

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Pricing and Cost Advice
Information Not Available
  • "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."
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    Questions from the Community
    Top Answer:Dashboards, customization and the analytics are all good, it's user friendly.
    Top Answer:I would like to see more granularity on the acceptance/rejection fraud options. The solution offers three possible options of fraud - accept, reject or not evaluate. Rather than accepting or rejecting… more »
    Top Answer:We were using a tailored version of the solution built for us by Forter. If we needed to use new parameters, they'd upgrade for us. The solution is used for credit card purchases. You insert your card… more »
    Top Answer: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.
    Top Answer:I use it for financial claims monitoring. I am using its previous version.
    Top Answer:The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.
    Ranking
    Views
    2,134
    Comparisons
    994
    Reviews
    1
    Average Words per Review
    582
    Rating
    9.0
    Views
    1,819
    Comparisons
    743
    Reviews
    10
    Average Words per Review
    977
    Rating
    7.8
    Comparisons
    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    Overview

    Forter provides instant, guaranteed approve/decline decisions for every transaction, removing the burden and uncertainty of fraud.

    The system is designed to treat all orders as “innocent unless proven guilty” to ensure high approval rates and frictionless checkout. Since Forter only charges for approved transactions, our interests are always aligned with yours. Moreover, our confidence in the system’s accuracy means we do not hesitate to offer a full fraud chargeback guarantee.

    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.
    Offer
    Learn more about Forter
    Learn more about Nice Actimize Fraud & Authentication Management
    Sample Customers
    Kiwi.com, Fiverr, James Allen
    Associated Banc-Corp
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company28%
    Comms Service Provider21%
    Retailer12%
    Financial Services Firm7%
    VISITORS READING REVIEWS
    Computer Software Company29%
    Financial Services Firm25%
    Comms Service Provider14%
    Insurance Company6%
    Company Size
    VISITORS READING REVIEWS
    Small Business29%
    Midsize Enterprise20%
    Large Enterprise51%
    REVIEWERS
    Small Business30%
    Large Enterprise70%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise66%
    Buyer's Guide
    Fraud Detection and Prevention
    June 2022
    Find out what your peers are saying about NICE, ThreatMetrix, Forter and others in Fraud Detection and Prevention. Updated: June 2022.
    610,336 professionals have used our research since 2012.

    Forter is ranked 3rd in Fraud Detection and Prevention with 1 review while Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 10 reviews. Forter is rated 9.0, while Nice Actimize Fraud & Authentication Management is rated 7.8. The top reviewer of Forter writes "Great at detecting fraudulent behavior and has reduced our financial losses". On the other hand, the top reviewer of Nice Actimize Fraud & Authentication Management writes "Offers robotics, machine learning, and enables us to reduce analysts ". Forter is most compared with Riskified, Signifyd, Kount and ThreatMetrix, whereas Nice Actimize Fraud & Authentication Management is most compared with Featurespace ARIC Fraud Hub, BAE Systems NetReveal, SAS Fraud Management, FICO Falcon Platform and IBM Trusteer.

    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.