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.
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How Unit21 Compares to NICE Actimize
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 up to 6 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.
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
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
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 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."
reduction in false-positives
within 90 days of using
Unit21
“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."
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.”
reduction in alert
investigations times
"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."
false-positive rate
achieved with Unit21
and reduced SAR filing
time by 78%
"To create a rule/model on our prior system took a matter of days, from ticket submission through implementation. With Unit21, it takes approximately 1-2 hours to compose the rule syntax, run the validation, and implement."
reduction in rule validation/deployment
time and cut alert
investigation time by 66%
Getting started is easy
can help bolster your risk & compliance operations