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Nice Actimize Fraud & Authentication Management vs SAS Fraud Management comparison

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Buyer's Guide
Nice Actimize Fraud & Authentication Management vs. SAS Fraud Management
July 2022
Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. SAS Fraud Management and other solutions. Updated: July 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
"The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.""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 solution loads big data efficiently and quickly.""It's a very good product for compliance and transaction monitoring for anti-money laundering.""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 user-friendly interactive, informative and it is also very light.""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."

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"The security is also very good.""The solution is easy to use."

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Cons
"I would say — Actimize is not being moved forward by Nice.""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.""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.""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.""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.""Processes don't function when front end is down.""Could include additional customization""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."

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"Occasionally, there are some mechanisms that can work a bit slow."

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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."
  • "I don't like the length of our vendor contracts because it kills our flexibility."
  • More Nice Actimize Fraud & Authentication Management Pricing and Cost Advice →

  • "If your company has the budget, I would absolutely recommend SAS."
  • More SAS Fraud Management Pricing and Cost Advice →

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    Questions from the Community
    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.
    Top Answer:We primarily use the solution for fraud prevention cases.
    Top Answer:We are consultants and partners of SAS. I'm not sure if the version we are currently on is the latest version or not. In general, I would recommend the solution to other users or organizations. We've… more »
    Ranking
    Views
    1,819
    Comparisons
    743
    Reviews
    10
    Average Words per Review
    977
    Rating
    7.8
    Views
    890
    Comparisons
    619
    Reviews
    2
    Average Words per Review
    558
    Rating
    8.0
    Comparisons
    Also Known As
    Actimize, NICE Actimize, Nice Actimize Fraud and Authentication Management)
    Learn More
    Overview
    Delivers real-time, customer-centric fraud prevention that supports a holistic, enterprise-wide fraud management program.

    Respond faster to new threats. Reduce false positives for a better customer experience. SAS Fraud Management uses industry-leading data analytics and machine learning to monitor payments and nonmonetary transactions, as well as events, enabling you to identify and respond to unwanted and suspicious behavior in real time.

    Offer
    Learn more about Nice Actimize Fraud & Authentication Management
    Learn more about SAS Fraud Management
    Sample Customers
    Associated Banc-Corp
    Nets
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company29%
    Financial Services Firm25%
    Comms Service Provider14%
    Insurance Company6%
    VISITORS READING REVIEWS
    Computer Software Company30%
    Financial Services Firm27%
    Comms Service Provider13%
    Retailer4%
    Company Size
    REVIEWERS
    Small Business30%
    Large Enterprise70%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise66%
    VISITORS READING REVIEWS
    Small Business10%
    Midsize Enterprise11%
    Large Enterprise79%
    Buyer's Guide
    Nice Actimize Fraud & Authentication Management vs. SAS Fraud Management
    July 2022
    Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. SAS Fraud Management and other solutions. Updated: July 2022.
    610,336 professionals have used our research since 2012.

    Nice Actimize Fraud & Authentication Management is ranked 1st in Fraud Detection and Prevention with 10 reviews while SAS Fraud Management is ranked 7th in Fraud Detection and Prevention with 2 reviews. Nice Actimize Fraud & Authentication Management is rated 7.8, while SAS Fraud Management is rated 8.0. The top reviewer of Nice Actimize Fraud & Authentication Management writes "Offers robotics, machine learning, and enables us to reduce analysts ". On the other hand, the top reviewer of SAS Fraud Management writes "Monitor multiple channels with a single platform". Nice Actimize Fraud & Authentication Management is most compared with Featurespace ARIC Fraud Hub, BAE Systems NetReveal, FICO Falcon Platform, ThreatMetrix and Broadcom Payment Security, whereas SAS Fraud Management is most compared with IBM Safer Payments, FICO Falcon Platform and IBM Financial Crimes Insights (FCI). See our Nice Actimize Fraud & Authentication Management vs. SAS Fraud Management report.

    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.