Last updated on
Company health
Ratings
Effectiv description
Effectiv is a cloud-based platform designed to help financial institutions and fintech companies manage risk and prevent fraud. It uses artificial intelligence and pre-built industry data to automate tasks like verifying identities, monitoring transactions, and assessing loan applications. This allows your team to focus on real threats instead of manually reviewing every transaction. Effectiv also simplifies compliance with built-in tools for reporting and managing cases. While powerful, the platform is designed to be user-friendly, allowing your team to adjust risk strategies and use data without needing extensive technical knowledge.
Who is Effectiv best for
Effectiv is a cloud-based risk management and fraud prevention platform designed for financial institutions, especially fintech companies. It uses AI and pre-built industry data to automate tasks like identity verification, transaction monitoring, and loan application assessments. This empowers teams to focus on real threats, simplifies compliance, and allows for easy adjustment of risk strategies without extensive technical expertise.
-
Best fit for enterprise companies.
-
Ideal for financial institutions and fintech companies.
Effectiv features
| Supported Effectiv provides a real-time platform for making risk decisions throughout the customer lifecycle. |
| Supported The platform automates key risk management tasks using AI and pre-built industry data. |
| Supported Effectiv uses AI and machine learning models to enhance risk detection and mitigation. |
| Supported The platform incorporates pre-built industry data to support risk assessment. |
| Supported Effectiv offers built-in tools to streamline compliance reporting and case management. |
| Supported The platform provides integration capabilities to consolidate various systems into one solution. |
| Supported Effectiv enables users to implement complex risk strategies without coding. |
Effectiv alternatives
HyperVerge Identity VerificationBetter for smaller businesses and has more momentum. A broader industry fit, especially for gaming and cryptocurrency. Excellent ease of use and reliability. Users love its speed, accuracy, and comprehensive KYC solutions. Consider this Effectiv alternative if you need no-code workflow building or an analytics dashboard.Read more
AlloyAlloy has broader industry applicability, serving e-commerce, retail, education, and advertising sectors. It also exhibits stronger momentum in terms of growth. It offers features like automated onboarding, credit underwriting, compliance management, and ongoing customer monitoring. Alloy is a strong Effectiv competitor and alternative.Read more
ComplyCubeMore focused on identity verification and compliance solutions for various business needs. Serves a wider range of industries and business sizes. Has positive user reviews regarding global coverage and user-friendliness but also some negative feedback on customization limitations. Grows slower and has documented user feedback.Read more
TaktileBetter for smaller businesses and those focused on customer support, ease of use, reliability, and implementation. Has more momentum compared to Effectiv, a Taktile alternative and competitor. Users praise Taktile's intuitive interface and customer support but note limitations in reporting and complex workflow testing.Read more
RipplingBetter for broader HR, IT, and finance needs. Caters to a wider range of industries and has significantly more momentum.Read more
Effectiv FAQ
What is Effectiv and what does Effectiv do?
Effectiv is a cloud-based risk management and fraud prevention platform for financial institutions. It uses AI and industry data to automate tasks like identity verification, transaction monitoring, and loan application assessments, simplifying compliance and allowing teams to focus on real threats.
How does Effectiv integrate with other tools?
There is no information available regarding specific integrations for Effectiv. It's designed to be user-friendly and allow for adjustments without extensive technical knowledge, focusing on risk management and fraud prevention.
What the main competitors of Effectiv?
Effectiv's main competitors include HyperVerge Identity Verification, Unit21, Alloy, ComplyCube, Sift, and Stytch. These alternatives offer similar fraud detection, risk management, and identity verification solutions, often specializing in particular industries or functionalities.
Is Effectiv legit?
Effectiv appears legitimate, offering AI-driven fraud prevention for financial institutions. G2 and Glassdoor reviews are positive, but limited. Consider researching alternatives like Unit21 or Alloy due to Effectiv's declining employee growth.
How much does Effectiv cost?
I couldn't find pricing information for Effectiv. For the most current pricing details, it's best to visit Effectiv's website or contact their sales team directly. This will help you determine if Effectiv is worth the investment for your needs.
Is Effectiv customer service good?
There is no information available about Effectiv's customer service.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.