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IdentityMind 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

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
Nice Actimize Fraud & Authe...
Ranking in Fraud Detection and Prevention
2nd
Average Rating
8.2
Reviews Sentiment
6.5
Number of Reviews
17
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 IdentityMind is 0.1%, down from 0.1% compared to the previous year. The mindshare of Nice Actimize Fraud & Authentication Management is 6.4%, up from 5.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Fraud Detection and Prevention
 

Featured Reviews

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.
Jahnavi Koppala - PeerSpot reviewer
A good designer for the UI, stable, and scalable
I give the solution a ten out of ten. Unlike other technologies, Nice Actimize Fraud & Authentication Management is partially pre-built, making it easy to understand what needs to be done and how to complete the work. Furthermore, due to the pre-existing code, there is no need to start from scratch, providing a better understanding of the current situation and what needs to be implemented. Our organization moved to Nice Actimize Fraud & Authentication Management because the solution is an upgraded version and also it provides many benefits as we can easily activate rules. Nice Actimize Fraud & Authentication Management is very convenient and it provides easy access to everything. When utilizing the solution for the first time, always start with a lower environment such as a development environment. Only use Dell and SIT, and do not go directly to production. The solution may have an impact on the bank and large transactions.

Quotes from Members

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

Pros

"The automated checks are excellent."
"They have a very wide variety of rules that allow you to integrate well."
"I like the score generated on the Actimize platform for each customer transaction. Those are transactions per second, accommodating millions of transactions per second. That's the best feature of Actimize."
"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."
"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 case management tool is user friendly."
"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."
"The solution is easier to set up, configure, and use than other products."
"The most valuable feature is the designer, which allows us to connect to UI and build things directly, such as creating a platform with our synchronizing policy manager rules, without any additional requirements."
"The most valuable feature is automation which makes our transaction capture 40 percent easier."
 

Cons

"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."
"This solution is unnecessarily complex."
"Processes don't function when front end is down."
"Sometimes when we move from one version to another, a few things don't work as expected."
"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."
"Could include additional customization"
"The solution needs to mitigate and provide an update for one listener process that keeps failing."
"Its user interface could be better."
"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."
 

Pricing and Cost Advice

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

By visitors reading reviews
No data available
Financial Services Firm
44%
Computer Software Company
8%
Comms Service Provider
7%
Wholesaler/Distributor
4%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

 

Also Known As

No data available
Actimize, NICE Actimize
 

Overview

 

Sample Customers

Veem, Mercari, Fundbx, Binance, Huobi, Mezu, Montual
Associated Banc-Corp
Find out what your peers are saying about IdentityMind vs. Nice Actimize Fraud & Authentication Management and other solutions. Updated: April 2025.
849,963 professionals have used our research since 2012.