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Nice Actimize Fraud & Authentication Management vs ThreatMetrix comparison

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Buyer's Guide
Nice Actimize Fraud & Authentication Management vs. ThreatMetrix
July 2022
Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. ThreatMetrix 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
"It's a very good product for compliance and transaction monitoring for anti-money laundering.""The solution loads big data efficiently and quickly.""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 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.""The solution user-friendly interactive, informative and it is also very light.""Nice's most valuable feature would be its rule engine.""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."

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"There is excellent documentation available.""The most valuable thing is about the IP. They have a database of malicious IP addresses against which they check. They have a huge database for routed devices and the devices that have been used in the past to commit fraud. They have extensive historical records of all of that information, and that's probably the most valuable thing about ThreatMetrix. Over the years, they have been collecting and persisting globally across all the banking and financial services. They have been storing all this information. It is this stored information that I and my team find valuable; it is not so much their technology. If you are running it on a simulator and trying to maliciously clone and copy IP addresses and stuff like that, they have a bunch of technologies, like routes section and all the other stuff. It is just that they have something that no one else can deal with, that is, massive amounts of big data about the malicious IP addresses, malicious device fingerprinting, the fingerprinting router devices, and the fingerprints. You can query against this stored information to find out whether your app is in a good, nice environment. If yes, you get a green light. The last time I checked, there were about 400 or 500 features that they can stack against, which is pretty extensive. They give you a score against all those features for every application that you installed on it. It is pretty good in that sense.""Accessible custom rules with a monthly update on performance.""The user interface, the portal, is very helpful in describing what attributes of concern are associated with the device.""The most valuable feature the solution has is that it is able to do a fairly accurate fraud assessment of a credit card transaction based on a variety of parameters configured by the merchant."

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Cons
"This solution is unnecessarily complex.""Processes don't function when front end is down.""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.""Could include additional customization""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."

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"One limitation is it only maintains six months' worth of data. It would be nice if it went back even further to help us really identify and flush out patterns that go on longer.""We are only using one feature. We haven't found the other features to be very good or very powerful.""Could be more intuitive and user friendly.""SDK is probably where the biggest issue is. The SDK configuration is a bit lacking. If you are integrating it into your workflow, it is very cumbersome and very difficult to integrate. You have to understand and be an expert in low-level mobile applications to integrate this stuff. Integration should be easy based on what they are providing, but unfortunately, it is not. It is very difficult. My work has been trying to simplify the integration process because integrations bring a lot of value. Most companies don't see their value because it is such a difficult process. For integration, you have to get it right as well, but it is very difficult to get it right because they don't help you in tuning your future parameters. Because of this, it is very difficult to tune your future parameters and your risk score. If you are Uber, your risk score will be very different from a banking client that is pushing funds. These two things need to be improved for me. The rest is pretty good.""It would be useful if they could offer real-time processing."

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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."
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  • "I am not aware of the price. I have always come in after it has been negotiated. The clients do get a return on their investment. It mitigated a massive DDoS, and it definitely detects fraudulent activities on banking platforms. They have definitely got their ROI back because there is continued investment in ThreatMetrix over time."
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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:There is excellent documentation available.
    Top Answer:We are only using one feature. We haven't found the other features to be very good or very powerful. We'd like more tools that could help notify us as to if something is happening. The solution is… more »
    Ranking
    Views
    1,819
    Comparisons
    743
    Reviews
    10
    Average Words per Review
    977
    Rating
    7.8
    Views
    2,382
    Comparisons
    1,474
    Reviews
    5
    Average Words per Review
    1,259
    Rating
    8.2
    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.
    ThreatMetrix Digital Identity Network constantly identifies fraudsters from trusted customers by analyzing more than 850 transactions each second of every day. It defends against data breach and credential testing from bots designed to mimic human behavior and evade detection by web application firewalls and integrates fraud and risk data across the enterprise with behavioral information on more than 1.4 billion digital identities for smarter, faster and better risk decisioning.
    Offer
    Learn more about Nice Actimize Fraud & Authentication Management
    Learn more about ThreatMetrix
    Sample Customers
    Associated Banc-Corp
    Trip Advisor, Stone Hub, TD Bank, Rabobank, GoPro
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company29%
    Financial Services Firm25%
    Comms Service Provider14%
    Insurance Company6%
    VISITORS READING REVIEWS
    Financial Services Firm29%
    Computer Software Company23%
    Comms Service Provider12%
    Insurance Company6%
    Company Size
    REVIEWERS
    Small Business30%
    Large Enterprise70%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise66%
    VISITORS READING REVIEWS
    Small Business13%
    Midsize Enterprise12%
    Large Enterprise75%
    Buyer's Guide
    Nice Actimize Fraud & Authentication Management vs. ThreatMetrix
    July 2022
    Find out what your peers are saying about Nice Actimize Fraud & Authentication Management vs. ThreatMetrix 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 ThreatMetrix is ranked 2nd in Fraud Detection and Prevention with 5 reviews. Nice Actimize Fraud & Authentication Management is rated 7.8, while ThreatMetrix is rated 8.2. 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 ThreatMetrix writes "It has a huge database of malicious IP addresses and gives a score for your environment". Nice Actimize Fraud & Authentication Management is most compared with Featurespace ARIC Fraud Hub, BAE Systems NetReveal, SAS Fraud Management, FICO Falcon Platform and Broadcom Payment Security, whereas ThreatMetrix is most compared with BioCatch, iovation FraudForce, Featurespace ARIC Fraud Hub, RSA Adaptive Authentication and FICO Falcon Platform. See our Nice Actimize Fraud & Authentication Management vs. ThreatMetrix report.

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