How does NICE Actimize Fraud Management compare to Accertify Platform?

NICE Actimize's Enterprise Fraud Management (EFM) platform, branded as Integrated Fraud Management (IFM-X), is a calable solution designed to help financial institutions detect, prevent, and manage fraud across multiple channels and products. By leveraging advanced analytics, machine learning, and real-time processing capabilities, IFM-X provides organizations with a holistic and proactive approach to combating fraud.

NICE Actimize’s IFM-X platform is recognized as a leader in enterprise fraud management by analysts like Gartner and Forrester. Its flexible and modular approach makes it suitable for a wide range of use cases:

1) Retail Banking: Protecting personal accounts and consumer transactions.
2) Corporate Banking: Safeguarding business accounts and high-value payments.
3) Fintech and Digital Wallets: Preventing fraud in emerging payment methods and platforms.

Key Modules

Card Fraud Detection:
- Detects fraud in credit, debit, and prepaid card transactions.
- Supports EMV, contactless payments, and 3D Secure protocols.
- Prevents counterfeit card fraud, card-not-present (CNP) fraud, and lost/stolen card fraud.

Payments Fraud:
- Protects real-time payments, wire transfers, and ACH transactions.
- Mitigates risks associated with faster payment schemes like SEPA and FedNow.
- Includes capabilities for preventing authorized push payment (APP) fraud.

Digital Banking Fraud:
- Safeguards mobile and online banking platforms against account takeover (ATO), phishing, and malware attacks.
- Monitors login patterns, device data, and session behaviors to detect anomalies.

Insider Fraud Detection:
- Identifies suspicious activity originating from employees or contractors.
- Monitors access to sensitive systems and data for unusual behavior.

The Accertify Platform is a comprehensive solution designed to help businesses confidently identify their authentic customers while minimizing fraud and abuse. This platform enables enterprises to grow without hesitation by leveraging advanced technologies such as machine learning, artificial intelligence, and a wealth of community-driven insights.

Key Features and Use Cases:

- Account Protection: Safeguard non-payment accounts from malicious attacks, which are 8x more common than checkout-related fraud. Protect sensitive account data, loyalty points, and other assets from unauthorized access.

- Fraud Detection: Maximize sales while minimizing risk with Accertify Fraud Management, which analyzes customer interactions to detect and prevent fraudulent activities in real time.

- Abuse Protection: Identify excessive returners and policy abusers while maintaining a smooth experience for genuine customers. This feature reduces operational costs and enhances customer satisfaction.

- Payment Optimization: Enhance 3DS usage, optimize payment authorizations, and reduce friction at checkout, improving conversion rates while preventing fraud.

- Chargeback Management: Automate workflows to efficiently handle chargebacks, increase win rates, and reduce losses. Accertify's solution drives efficiency and improves cash flow.

- Payment Gateway: Provide a secure and scalable payment gateway solution that integrates seamlessly with other platform features, ensuring smooth payment processing.

With its focus on flexibility and control, the Accertify Platform combines machine learning, human expertise, and extensive community data to adapt to emerging threats and evolving customer needs. This robust system processes billions of events annually, empowering businesses to protect revenue and build trust in an increasingly digital world.

• 🏆 Ranked - Leader by Forrester (2024)
• 🏆 Best AI-based Solution for Customer Experience by AI Breakthrough Awards (2024)
• 🏆 Category Winner - Use of AI for Customer Service by Chartis (2024)
• 🏆 Category Winner - Use of AI in AML and Transaction Monitoring by Chartis (2024)
• 🏆 Category Winner - Use of AI in Financial Crime Risk by Chartis (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 1 by Chartis (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 8 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 Category Winner - Use of AI in communication and control by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 15 by Chartis (2024)
• 🏆 Category Winner - Case Management by Chartis (2024)

NICE Actimize is a leading provider of financial crime, risk, and compliance solutions for organisations in the financial services industry. A division of NICE, Actimize leverages analytics, artificial intelligence (AI), and machine learning to help its clients mitigate risks, detect fraud, prevent financial crimes, and ensure regulatory compliance. NICE Actimize has headquarters in Ra'anana, Israel, and offices worldwide.

NICE Actimize consistently ranks highly in 'top' lists for financial crime and fraud solutions. Currently, its key solutions cover AML, Enterprise Fraud Management, Financial Markets Compliance, Investigation and Case Management and KYC.

Accertify, founded in 2007 by a team of fraud analysts, has evolved into a global leader in digital risk management. The company offers a comprehensive suite of solutions designed to help businesses combat online fraud and mitigate enterprise-wide risks. Their platform encompasses fraud prevention, digital identity verification, device intelligence, chargeback management, and payment gateway services, enabling clients to reduce the total cost of fraud, streamline business processes, and enhance revenue.

Headquartered in Itasca, Illinois, Accertify serves a diverse clientele across various industries, including e-commerce, retail, travel, financial services, and online gaming. Their solutions are built on four main pillars: end-to-end protection from login to dispute, advanced artificial intelligence, community insights, and flexibility and control. This comprehensive approach allows businesses to effectively identify legitimate customers and pursue growth without fear of loss.

In 2010, American Express acquired Accertify, integrating its fraud prevention capabilities into their offerings. However, in January 2024, Accel-KKR, a private equity firm, announced an agreement to acquire Accertify from American Express. This acquisition aims to accelerate Accertify's growth and capitalize on advancements in artificial intelligence and machine learning within the digital risk management sector.