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Nice Actimize Fraud & Authentication Management pros and cons

Vendor: NICE
4.1 out of 5
Badge Leader

Pros & Cons summary

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Prominent pros & cons

PROS

Nice Actimize Fraud & Authentication Management efficiently loads and processes large amounts of big data for quick analysis.
The platform offers a highly valuable alert system, notifying users of transactions occurring from specified locations.
Its rule engine and expansive transaction monitoring fleet provide impressive flexibility and the ability to customize models effectively.
Automation features make transaction capture significantly easier, enhancing compliance and transaction monitoring for anti-money laundering.
With excellent pattern recognition, the core engine accommodates millions of transactions per second, significantly improving fraud detection capabilities.

CONS

Processes don't function when the front end is down.
Actimize isn't moved forward by Nice.
The reporting feature and dashboards could be better, with a need to incorporate a Tableau-type reporting structure.
It has become overly complex with many versions, doing too much at once.
Licensing costs are high compared to other products.
 

Nice Actimize Fraud & Authentication Management Pros review quotes

reviewer1450857 - PeerSpot reviewer
AML Consultant at a tech services company with 51-200 employees
Nov 9, 2020
The solution loads big data efficiently and quickly.
PM
Senior Quality Assurance Engineer at a tech services company with 11-50 employees
Nov 11, 2020
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.
JS
Associate Manager - Sanctions, Regulatory Affairs and AML Projects at UAE Exchange
Nov 17, 2020
The solution user-friendly interactive, informative and it is also very light.
Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: January 2026.
881,082 professionals have used our research since 2012.
reviewer1454322 - PeerSpot reviewer
AVP, Compliance at a financial services firm with 10,001+ employees
Nov 21, 2023
It's a very good case management system.
PB
Enterprise Analytics at a tech services company with 10,001+ employees
Nov 22, 2020
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.
reviewer1460205 - PeerSpot reviewer
VP - Compliance at a financial services firm with 10,001+ employees
Nov 24, 2020
The case management tool is user friendly.
RD
Actimize Implementor and Developer at a tech services company with 10,001+ employees
Dec 29, 2022
Nice's most valuable feature would be its rule engine.
it_user1580727 - PeerSpot reviewer
VP Complience at a financial services firm with 10,001+ employees
May 19, 2021
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.
reviewer1596993 - PeerSpot reviewer
Director at a printing company with 51-200 employees
Nov 2, 2021
The core engine seems to be better than the rest for pattern recognition. It is able to process large amounts of data.
reviewer2091297 - PeerSpot reviewer
Fraud Strategist(Actimize/SAS) at a financial services firm with 10,001+ employees
Feb 3, 2023
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.
 

Nice Actimize Fraud & Authentication Management Cons review quotes

reviewer1450857 - PeerSpot reviewer
AML Consultant at a tech services company with 51-200 employees
Nov 9, 2020
Processes don't function when front end is down.
PM
Senior Quality Assurance Engineer at a tech services company with 11-50 employees
Nov 11, 2020
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.
JS
Associate Manager - Sanctions, Regulatory Affairs and AML Projects at UAE Exchange
Nov 17, 2020
Could include additional customization
Learn what your peers think about Nice Actimize Fraud & Authentication Management. Get advice and tips from experienced pros sharing their opinions. Updated: January 2026.
881,082 professionals have used our research since 2012.
reviewer1454322 - PeerSpot reviewer
AVP, Compliance at a financial services firm with 10,001+ employees
Nov 21, 2023
I would say — Actimize is not being moved forward by Nice.
PB
Enterprise Analytics at a tech services company with 10,001+ employees
Nov 22, 2020
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.
reviewer1460205 - PeerSpot reviewer
VP - Compliance at a financial services firm with 10,001+ employees
Nov 24, 2020
This solution is unnecessarily complex.
RD
Actimize Implementor and Developer at a tech services company with 10,001+ employees
Dec 29, 2022
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_user1580727 - PeerSpot reviewer
VP Complience at a financial services firm with 10,001+ employees
May 19, 2021
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.
reviewer1596993 - PeerSpot reviewer
Director at a printing company with 51-200 employees
Nov 2, 2021
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.
reviewer2091297 - PeerSpot reviewer
Fraud Strategist(Actimize/SAS) at a financial services firm with 10,001+ employees
Feb 3, 2023
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.