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NICE Actimize

Score8.3 out of 10

10 Reviews and Ratings

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What is NICE Actimize?

NICE Actimize is a fraud detection solution, acquired and now supported by Nice Systems since 2007.

Categories & Use Cases

Reviews

What users are saying about NICE Actimize.
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360 Fraud Protection

Incentivized
Alex FaivusovichView profile
Business Analyst at Matrix IFS (201-500 employees employees)

Pros

  • 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.

Cons

  • For some functionalities, Integration and design process involves three different systems.
  • In Policy manager. Fraud detection rules creation still mostly relies on free writing. The fields are available to be selected from a drop down list but the using the functions requires some experience from the user
  • Products DB tables are too normalized in my opinion

Return on Investment

  • All of our clients experiencing lower fraud losses on their debit solutions with the Implementation of the product

Other Software Used

SQL Developer, SoapUI NG Pro, Tableau Online

My Lazy view of Actimize

Incentivized
Venkata Chaitanya TantravahiView profile
Risk Consultant in Finance and Accounting at Matrix IFS (201-500 employees employees)

Pros

  • Very intuitive GUI
  • Extremely customizable
  • Ease of case management and maintainance

Cons

  • Not as much as I can think of

Return on Investment

  • It has more than 300+ clients globally
  • employs close to 400 experts

Other Software Used

Informatica Enterprise Data Integration, SQL Server Business Intelligence Manager, Oracle Database as a Service

AML Surveillance Made Easier

Incentivized
Verified User
Consultant (51-200 employees employees)

Pros

  • A strength of the system is the ability to track patterns of activity and alert users to high risk areas of business.
  • Additionally the system allows you to track the status of the account/alerts and further document the resolution or actions taken to address the alerts generated.

Cons

  • Being able to adjust the alert parameters by specific account would be helpful.

Return on Investment

  • Increased employee efficiency.

Other Software Used

SunGard Protegent, LexisNexis InterAction