Formica AI reviews

Fraud Prevention Manager

Opmerkingen: The platform’s user-friendliness, ability to generate real-time alerts for suspicious activity and enable immediate protective action are its main highlights. Other notable features include Formica AI’s advanced rule management and easy integration.

Pluspunten:

A suitable outfit was sewn for us with Formica. Fraud operations are 24/7 operations, we wanted to be able to do this ourselves as the Fraud team without going to any IT resource or a second person and making a request. Formica provided this to us, so in the event of any fraud attempt, no matter what time we are, we can intervene immediately by the admin working in my team.

Minpunten:

I call for the development of the sanctions screening list and more comprehensive or updated specifications in this area.

Great Impact

Opmerkingen: I am well satisfied.

Pluspunten:

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

Minpunten:

Case management screen might be more user friendly.

Moneypay Fraud Team Leader

Opmerkingen: Formica offered us a unique experience in ease of installation and panel training. It minimized the adaptation process with its fast and proactive returns. After the installation was completed, thanks to the measures we took for the cycle, we reduced our corporate risk and took quick actions against current fraud trends.

Pluspunten:

Eliminating risk and uncertainty in your business by identifying the people behind online interactions with an automated decision-making engine. Streamlining the decision-making process.

Minpunten:

Company employees leaving the company and change of contact persons.

Fraud Prevention and Detection Director

Pluspunten:

It is possible to write much faster and more accurate rules.

Minpunten:

I don't think it has a weak point. Everything is as it should be.

Assistant Manager

Opmerkingen: In general , when price-performance evaluation is made , i can say the most preferable application.

Pluspunten:

I like that , the app allows you to draw every rule/scenario you need.

Minpunten:

I would have liked , the screens to be more user-friendly and easy to use.

Formica Tool

Pluspunten:

In addition to fraud detection, ready-made AI models are available with sanction list scanning and AML monitoring functions. However, its biggest strength is its advanced case management, ready-made rule tests and easy integration.

Minpunten:

The sanctions screening list can be further developed.

Fraud Process

Opmerkingen: It made our processes very easy. It enabled us to take faster action on fraud.

Pluspunten:

Ease of use and easy access to interfaces

Minpunten:

It took us a while to get used to the product.

Formica makes things easier

Opmerkingen: It is extremely convenient to define and monitor separate rules for all our products, such as virtual POS, physical POS, and wallet services, through distinct tabs on the Formica platform. We can easily utilize tools for rule revisions, adding new rules, and conducting rule optimization analyses. In the event of any issue, the support team is readily accessible and highly helpful. Considering its user-friendly interface and professional team, we are pleased to have chosen Formica.

Pluspunten:

- User friendly - Easy to integrate and make new rules or revisions - Monitoring each product on different tabs but on the same platform with ease.

Minpunten:

We didn't experience any issues overall.

The Only Fraud Detection Platform You'll Ever Need

Pluspunten:

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.

Minpunten:

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

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

Pluspunten:

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.

Minpunten:

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

Best Risk Orchestration Platform that came up so far!

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

Pluspunten:

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.

Minpunten:

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

Formica Review

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

Pluspunten:

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.

Minpunten:

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

Useful for PFs

Pluspunten:

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.

Minpunten:

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