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The table below summarises some key information about NICE Actimize Fraud Management from NICE Actimize and Oscilar Platform from Oscilar, giving you some points to compare.
| NICE Actimize Fraud Management | Oscilar Platform | |
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| Product Description |
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 Oscilar Platform is an AI-driven risk decisioning solution designed to help financial institutions manage onboarding, fraud, credit, and compliance risks. It offers a no-code, natural language interface, enabling risk teams to operate autonomously, increase approval rates, and reduce fraud. The platform provides one-click integrations and advanced machine learning models tailored to specific risk use cases, facilitating rapid implementation and optimization of risk strategies. |
| Vendor | NICE Actimize | Oscilar |
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| Vendor Headquarters | Israel | United States |
| Vendor Founded | 1999 | 2021 |
| About the vendors |
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. |
Oscilar is a fraud technology company that leverages AI-driven decisioning and real-time data orchestration to empower businesses with adaptive fraud prevention, risk management, and personalized customer experiences across various industries |
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