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The table below summarises some key information about Feedzai Scam Prevention from Feedzai and NICE Actimize Fraud Management from NICE Actimize, giving you some points to compare.
| Feedzai Scam Prevention | NICE Actimize Fraud Management | |
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| Product Use-cases | ||
| Product Description |
Feedzai's Scam Prevention solution identifies and blocks scams by analyzing user interactions and transaction data. Using machine learning and behavioral analysis, the platform detects anomalies that indicate scam activities, enabling businesses to protect customers and prevent losses. This solution integrates seamlessly with payment systems, offering real-time alerts and insights. Feedzai's Scam Prevention helps organizations stay ahead of emerging scams while maintaining a positive customer experience. |
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. |
| Vendor | Feedzai | NICE Actimize |
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| Vendor Headquarters | Portugal | Israel |
| Vendor Founded | 2011 | 1999 |
| About the vendors |
Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries. Founded in 2011 by Nuno Sebastião, Pedro Bizarro, and Paulo Marques, Feedzai is headquartered in Coimbra, Portugal, with its U.S. headquarters in San Mateo, California. The company's core offering is an AI-powered ‘RiskOps’ platform which helps financial institutions to detect, prevent, and manage financial crime while achieving regulatory compliance. Feedzai's solutions cover various aspects of financial security, including: - Account opening and takeover prevention - AML transaction monitoring - KYC/Customer due diligence - Transaction fraud detection - Watchlist screening Feedzai has achieved significant milestones in its growth and is now a well known brand in this space. It became a unicorn startup in 2021, valued at over $1 billion after a Series D funding round. Feedzai's AI analyzes over 3000 payment transactions per second and the platform processes 59 billion events per year and secures nearly $6 trillion in payments annually. |
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. |
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