Comparison

NICE Actimize vs. Unit21

Looking for an Actimize Alternative?

In the financial services space, many legacy companies like NICE Actimize have been around for decades, selling their software to risk & compliance professionals. But lengthy implementation times, continuous reliance on Actimize’s professional services and product rigidity might be a deal-breaker for your team.

If you want an Actimize alternative that allows you to:

  • Accelerate time to value
  • Be a cost-effective solution to maintain
  • Configure risk strategies without vendor involvement

Then you should take a look at Unit21’s infrastructure for risk & compliance teams. With Unit21, you:

  • Implement in 3 months or less
  • Monitor transactions with confidence using our out-of-the-box risk strategies
  • Customize prioritization and escalation workflows & automate regulatory filing

Schedule a demo to see how Unit21 compares.

Book a Demo

How Unit21 Compares to NICE Actimize

Actimize
Unit21

Data Mapping

Data ingestion via API

Flexibility ingesting data

Risk Engine

Out of box rules for transaction monitoring

Dynamic rule builder

Engineering resources not required for customization

Shadow mode for comprehensive testing of rules before launch

Sandbox

TAG/feedback loop

Champion challenger machine learning models

Case Management

Alert Prioritization

Automated SAR Filing

Link Analysis

Team & Alert Reporting

Agent Queues

Custom Workflows

Unit21’s Superpowers

Quickly Deploy & Monitor Transactions

Data mapping with NICE Actimize is a lengthy process that can take 12 to 18 months. With Unit21's Rapid Ingestor, you can get our infrastructure up and running in days. Alternatively, Unit21 clients can use our standard API integrations that make data ingestion fast and simple.

No Hidden Professional Services Fees

Partnering with NICE Actimize for risk & compliance operations means paying additional professional services fees for everything from onboarding to customizing rules. With Unit21, teams can easily create and update rules without writing a single line of code.

Lower Maintenance Costs

NICE Actimize requires their clients to run three environment levels for engineering, testing, and production. With Unit21, you can test rules in a single environment using shadow mode: a feature that allows rules to be backtested against historical data or forward-tested against current data for validation.

Automated Filing

NICE Actimize doesn’t support automated suspicious activity reporting, so investigation teams are continuously bogged down with manual processes. With Unit21, your team can use automated workflows with direct SAR reporting to FinCEN and goAML and the ability to file SARs in 40+ countries. Unit21 also offers a robust audit trail for any action on any rule, alert, case, SAR filing.

Why Choose Unit21 Over NICE Actimize?

NICE Actimize is the de facto legacy solution that many traditional banks have relied on in the past, but we’ve heard from customers who have made the switch to Unit21 that Actimize falls short in key areas like implementation times, hidden fees, customizability, and rigid case management processes.

To effectively stop bad actors with speed and efficacy, financial institutions need to invest in technology that can quickly respond to new and emerging financial crime schemes.

1

Accelerate Time to Value

  • Get up and running in days instead of weeks with Rapid Ingestor
  • Set up, test and validate rules without the need for engineers.
  • Out of the box rules and case investigation workflows

2

Self Service Infrastructure

  • Input your own custom data and create rules specific to your organization without relying on engineering support
  • Test and validate your rules with a high degree of accuracy 
  • True no-code approach gives your team full control over processes and tools

3

Streamline Investigations

  • Automate SAR e-filing directly to FinCEN and goAML
  • Conduct investigations in a single location 
  • Alert group by entity allows teams to rapidly see if activity is unusual or not

Trusted By Leading Fintechs, Banks, Lenders, Credit Unions, Crypto Companies, and More

Trusted by leading Fintechs, Banks, Payments Companies, and Cryptos

Trusted by startups and the world's largest companies

"We qualified every solution possible. The flexibility and automation of the Unit21 platform made the decision simple. Unit21 is extremely data agnostic, which means we don't need to wait for months to integrate."

Jerry Chou
Chief Compliance Officer at Line
60%

reduction in false-positives
within 90 days of using
Unit21

Lili Logo

“When rules are capturing fraud fast, you’re creating a good impact for your customers. We’re also able to empower our fraud team so they feel more confident and creative. They aren’t manually looking for alerts and can push the limits of their capabilities."

Alex Faivusovich
Head of Fraud Risk at Lili
50%

reduction in fraud loss
and cut investigation
time by 75% with Unit21

“Unit21’s platform is actually built with the customer in mind. Unit21 was also very easy to integrate. We easily saved months of engineering effort if we built this on our own. The case for ‘buy’ has never been more straightforward.”

Erika Roodsari
Head of Risk Products at Intuit
65%

reduction in alert
investigations times

Bakkit Logo

"Unit21 is solving our biggest problem by monitoring hundreds of thousands of customer accounts. And the best thing is that we have been able to achieve a steady 15% false positive rate. That is a huge deal in an industry where 90 - 95% is the norm."

Kailey Klein
Compliance and AML Officer at Bakkt
15%

false-positive rate
achieved with Unit21
and reduced SAR filing
time by 78%

Getting started is easy

See first-hand how Unit21
can help bolster your risk & compliance operations