NICE Actimize is a fraud detection solution, acquired and now supported by Nice Systems since 2007.
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Oracle Access Management
Score 8.1 out of 10
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Oracle Access Management delivers risk-aware, end-to-end multifactor authentication (MFA) and single sign-on (SSO) that integrate identities and systems across cloud and on-premises.
Most of the firms that use this tool range from the biggest banks to budding financial firms. It provides custom solutions to garner the business needs and regulatory requirements which are continuously becoming complex needs for all. It is also a gradually evolving tool/product adding more and more solutions and features down it road to constantly be able to deliver to the client needs.
OAM is designed to be scalable, and it can handle large-scale deployments with thousands of users and applications. It provides a centralized framework for managing access to web applications and resources, enabling organizations to define and enforce security policies across their entire IT environment. OAM offers a range of authentication and authorization mechanisms, including multi-factor authentication and OAuth-based authentication, making it suitable for organizations that need to meet different security and compliance requirements.
The overall UI is very clean and friendly. The operations team will find the RCM Dashboard very useful and easy to operate while the analytics team will have no problem working on the policy manager for creating new fraud detection rules.
Ene to end fraud solution. Cover Card fraud, Remote Banking, Deposit fraud, Employee fraud and commercial banking.
The ability to use Actimize internal scoring system and creating additional custom scoring system . Integrating both in fraud detection scenarios.
Oracle Access Management allows superior session management capabilities. It can maintain and terminate session states using access engine and endpoint cookies or security tokens.
It allows for automated single sign-on as well as protocol translation.
The suite allows for real-time fraud detection and prevention capabilities. This is especially useful where our applications are accessed by tens of thousands of users simultaneously.
Usability with this and any Oracle product is a hit or miss. Over the years things are significantly better and I had users feeling better about training and usability. It shows Oracle have taken customer feedback and made the improvement. What is I would say however it requires a bit of training upfront.
As a fraud prevention consultant i worked both with Actimize IFM And Fico Falcon. For Card Fraud (debit/credit) Falcon has an advantage, but on the end to end fraud Actimize is a better investment.
I don't have must of a reference to compare and contrast Oracle Access Management to. I have used smaller systems before and a comparison is like apples to oranges. Oracle Access Management, in my view, is at a bigger scale as opposed to smaller customized able systems I have used before which generally has a few positives vs negatives based on how you look at it.
