Formica Fraud

RATING:

5.0

(6)

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Overview

Reviews

About Formica Fraud

Formica Fraud is an all-in-one platform helping you protect your customers and employees from fraudulent activities. You can encourage your team to make data-driven decisions while analyzing millions of risky fraud cases. By analyzing different data sources and process them all together in real-time, you can protect your customers, decrease chargeback and increase customer satisfaction. You will benefit from AI-based fraud prevention in real-time with a transparent white-box approach from rules to machine learning models. You can analyze millions of transactions every day to protect your customers and company. With customizable business flows developed to your company needs, you can reduce capital loss and protect your reputation. With self-learning capabilities in...

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Formica Fraud Reviews

Overall Rating

5.0

Ratings Breakdown

(6)

(0)

Secondary Ratings

Ease-of-use

Customer Support

Value for money

Functionality

Most Helpful Reviews for Formica Fraud

1 - 6 of 6 Reviews

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Erdal

Financial Services, 51-200 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed July 2023

Great Impact

I am well satisfied.

PROS

We easily integrated Formica tools for all of our products. It gives us chance to view all transactions regarding to current fraud patterns effectively.

CONS

Case management screen might be more user friendly.

Reasons for switching to Formica Fraud

Formica is more resilient than FICO platform. Also, regarding to our budget, using formica tool is more beneficial for my company.

Nurullah

Banking, 201-500 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed August 2023

The Only Fraud Detection Platform You'll Ever Need

PROS

Our company can easily keep track of fraudulent activities with Formica’s 360-degree platform. Reacting in real-time, especially with the help of AI saved our lives.Moreover, the product has effortless access to real-time insights, empowering us to make solid decisions.

CONS

No cons for us for now the platform is immaculate but UI can be readapted, but not necessary.

Çağlar

Financial Services, 51-200 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed April 2022

Formica Review

İt was an amazing experience, both formica and our team worked really hard to create someting else and the result was great.

PROS

The product was easy to use, user friendly and the team that help us to develop the software was helpful. It was easy to understand each other and our requests are (even if they were hard to do) always get a solution from the team.

CONS

there are no cons at this sofware. The team was great, the software was also great and getting better everyday.

Reason for choosing Formica Fraud

we almost create the tool together with formica team and they always did their best to do what we wanted from them.

Vendor Response

We'd like to thank you again for taking the time to write this review of Formica Fraud. All feedback is highly appreciated, as it enables us here at Formica AI to further develop our products and services. In addition, your review will help our future customers to make more informed purchase decisions. It is also pleasure for us to work with your team. We learned a lot from you as we continued to develop the product. And together we continue to make the FinTech world easier every day. We're very grateful for customers like you and hope you stick with us for years to come! In case you have other feedback to us, please don't hesitate to contact us at any time. Thank you again! (Adnan, Formica AI & Trlogic Information Technologies)

Replied April 2022

Selma

Banking, 501-1,000 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed August 2023

Best Risk Orchestration Platform that came up so far!

From C-Level to Customer Success team, they are doing an excellent job.

PROS

Our company can easily keep track of fraud activities with Formica’s 360-degree platform Moreover, the product has effortless access to real-time insights, empowering us to make informed decisions.

CONS

No cons on our behalf for now. All is great so far.

Semih

Banking, 501-1,000 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed August 2023

If there's ever going to be a better platform in the market, it will be made by them.

PROS

The user-friendliness of Formica is irreplaceable. They can also generate real-time alerts (which is a huge plus) when it detects suspicious activity. This allows us to take immediate action to protect ourselves from all potential risks.

CONS

All is looking good so far, nothing wrong to be fair.

Erkin

Financial Services, 51-200 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed April 2022

Useful for PFs

PROS

Formica provides a unique user experience with its user-friendly interface and easy integration. In addition, it minimizes the risk of fraud with its ready-to-use templates and artificial intelligence supported applications.

CONS

All its features are sufficient for our institution. Thank you.

6 Reviews