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Nice Actimize Fraud & Authentication Management Valuable Features

Actimize Implementor and Developer at a tech services company with 10,001+ employees

Nice Actimize's most valuable feature would be its rule engine. The core of the application is that when transactions come in, there will be a set of business users, for example, a bank, who decides what constitutes fraud. Once they decide the criteria, all the transactions check against these filters on a real-time basis. If they find something suspicious, an alert will be created and the normal life cycle of the alert is opened and then goes to the analysis and all those steps will start. 

Apart from that feature, one more thing that is good about this product is that it is not specific to a particular database. If you have an Excel sheet, you can always import that and create alerts from that. You can always connect the to Hadoop system. They have given those open-ended entities where you can click on it. It's like a plugin. You just create a small plugin and it will be able to search for data from any of the sources that are available. It is easy to use. The UI is pretty good, so it helps the analyst. Lastly, the robotics have come in. When there are a lot of alerts being generated, most of them follow certain patterns. So if we write a rule that these kinds of alerts should be directly closed or something like that, then even that can be done. Machine learning has now entered into the product. I haven't used it, but I know it is there now. People are using it.

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GL
AVP, Compliance at a financial services firm with 10,001+ employees

It's a very good case management system. We use that at level-one, so it's a first-pass review, and all our reviews have to be reviewed. It's a very good case manager for making comments and saving the comments and having an audit trail around the comments. 

Our regulators, which are government regulators, and our auditors at the bank want complete audit trails. They want to understand why an alert was closed or escalated and they want to be able to randomly pull alerts and make sure that we're doing what we promise we're doing. Actimize allows us to provide that evidence when we're asked.

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HS
Team Lead at a computer software company with 10,001+ employees

It's a very good product for compliance and transaction monitoring for anti-money laundering.

When an unusual customer transaction occurs, it triggers an alert that notifies us. 

The UI is very user-friendly.

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Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: January 2022.
563,327 professionals have used our research since 2012.
Associate Manager - Sanctions, Regulatory Affairs and AML Projects at UAE Exchange

This solution is user-friendly interactive, informative and it is also very light. The dashboard is comprehensive and fully informative. We like the full set solution starting with evaluation, then implementation, and after implementation support. NICE Actimize has people with domain expertise and experience who add value to the processes, function and organization as a whole. The team is very professional. 

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BG
VP Complience at a financial services firm with 10,001+ employees

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.

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AC
AML Consultant at a tech services company with 51-200 employees

A valuable feature of this solution is how quickly it works, loading big data. Banks have a lot of data and it makes a difference when it can be loaded so efficiently and quickly. 

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Senior Quality Assurance Engineer at a tech services company with 11-50 employees

The alerts are the most valuable feature because we get different alerts. Different data is fed to Actimize. It alerts us if a transaction happened from a certain place. 

We can pull out different management reports. We can get reports that tell us what users can view. 

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Enterprise Analytics at a tech services company with 10,001+ employees

I like the tracking methodology. Though it was implemented on-premises, the compliance is compatible with it. It has certain modifications with RPM and APR. It has good exposure from a compliance point of view.

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BG
VP - Compliance at a financial services firm with 10,001+ employees

The case management feature is the most valuable. The case management tool is user friendly.

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SM
Director at a printing company with 51-200 employees

The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.

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Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: January 2022.
563,327 professionals have used our research since 2012.