Nice Actimize Fraud & Authentication Management vs Nudetect comparison

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Executive Summary

We performed a comparison between Nice Actimize Fraud & Authentication Management and Nudetect based on real PeerSpot user reviews.

Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention.
To learn more, read our detailed Fraud Detection and Prevention Report (Updated: April 2024).
769,599 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"It's a very good case management system.""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 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 core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""The case management tool is user friendly.""The solution's technical support is good.""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.""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."

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"We integrate the solution with our Java on the UI and try to identify fraud."

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Cons
"Processes don't function when front end is down.""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.""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.""Its user interface could be better.""Licensing costs are high compared to other products in the market.""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.""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.""The solution needs to mitigate and provide an update for one listener process that keeps failing."

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"The tool is not very accurate, and its accuracy could be improved."

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Pricing and Cost Advice
  • "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."
  • "Nice Actimize Fraud & Authentication Management is an expensive product."
  • "We need a separate license for each of the packages, such as the core package, self-development package, and customization package."
  • "It is reasonable for enterprise customers."
  • "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:We use the solution as an anti-money laundering application to monitor financial crimes.
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    Ranking
    Views
    3,218
    Comparisons
    850
    Reviews
    9
    Average Words per Review
    1,051
    Rating
    8.4
    Views
    194
    Comparisons
    104
    Reviews
    1
    Average Words per Review
    198
    Rating
    6.0
    Comparisons
    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Nudata Nudetect
    Learn More
    Overview
    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.

    Recognize your known user
    Build a strong relationship with your good customer with NuDetect.
    With our +99% accuracy, you avoid false declines and unnecessary friction. Treat your good customers with the trust they deserve.

    Cut down account takeover
    Block high-risk traffic in real time and stop future fraud.
    Continuously protect your customers and your business from account takeover with no friction on your good users, even if legitimate stolen credentials are presented.

    Protect beyond the login
    Uncover all the fraud that hides in your environment. Bad actors are getting creative by attacking where nobody is watching – or so they think. NuDetect monitors all the activity in a session – not just at the login stage – for more in-depth visibility.

    Reduce friction, reduce risk
    Increase your users’ loyalty with less friction. NuDetect creates a user risk score to help you find out who your good customers are. Use this score to safely waive friction and fast-track your validated users. Leave friction for high-risk traffic only.

    Deconstructing fake identities
    Fraudsters buy breached data to create fake accounts and use them for future fraud. Our Trust Consortium gathers billions of data points to identify those new fake accounts. NuDetect flags these accounts for you so you can close them and avoid future fraud.

    Scale limitlessly on the cloud
    Deploy anywhere with the support of AWS, Azure, GCP, or even your own data center. Reduce risk with enterprise-grade security controls. Enjoy the costs savings of on-demand computing.

    Sample Customers
    Associated Banc-Corp
    Clydesdale Bank (incorporating Yorkshire Bank), Danske Bank, Metro Bank, Monzo Bank, Starling Bank.
    Top Industries
    REVIEWERS
    Financial Services Firm78%
    Computer Software Company11%
    Printing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm42%
    Computer Software Company10%
    Manufacturing Company5%
    Energy/Utilities Company5%
    VISITORS READING REVIEWS
    Financial Services Firm41%
    Computer Software Company9%
    Real Estate/Law Firm6%
    University4%
    Company Size
    REVIEWERS
    Small Business24%
    Large Enterprise76%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise12%
    Large Enterprise71%
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise9%
    Large Enterprise77%
    Buyer's Guide
    Fraud Detection and Prevention
    April 2024
    Find out what your peers are saying about NICE, ThreatMetrix, FICO and others in Fraud Detection and Prevention. Updated: April 2024.
    769,599 professionals have used our research since 2012.

    Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 17 reviews while Nudetect is ranked 23rd in Fraud Detection and Prevention with 1 review. Nice Actimize Fraud & Authentication Management is rated 8.2, while Nudetect is rated 6.0. The top reviewer of Nice Actimize Fraud & Authentication Management writes "Highly intelligent and effective for detecting fraud in transactions". On the other hand, the top reviewer of Nudetect writes "Used to identify frauds, but its accuracy could be improved". Nice Actimize Fraud & Authentication Management is most compared with BAE Systems NetReveal, FICO Falcon Platform, IBM Safer Payments, Featurespace ARIC Fraud Hub and ThreatMetrix, whereas Nudetect is most compared with .

    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.