Formica AI Reviews
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13 Reviews
- Industry: Banking
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Fraud Process
Reviewed on 2025/01/17
It made our processes very easy. It enabled us to take faster action on fraud.
It made our processes very easy. It enabled us to take faster action on fraud.
Pros
Ease of use and easy access to interfaces
Cons
It took us a while to get used to the product.
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Great Impact
Reviewed on 2023/07/27
I am well satisfied.
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.
- Industry: Banking
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
If there's ever going to be a better platform in the market, it will be made by them.
Reviewed on 2023/08/16
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.
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Formica Tool
Reviewed on 2024/12/05
Pros
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.
Cons
The sanctions screening list can be further developed.
- Industry: Banking
- Company size: 51–200 Employees
- Used Daily for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Moneypay Fraud Team Leader
Reviewed on 2024/10/23
Formica offered us a unique experience in ease of installation and panel training. It minimized the...
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.
Pros
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.
Cons
Company employees leaving the company and change of contact persons.
- Industry: Financial Services
- Company size: 201–500 Employees
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Formica makes things easier
Reviewed on 2024/12/05
It is extremely convenient to define and monitor separate rules for all our products, such as...
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.
Pros
- User friendly
- Easy to integrate and make new rules or revisions
- Monitoring each product on different tabs but on the same platform with ease.
Cons
We didn't experience any issues overall.
- Industry: Banking
- Company size: 201–500 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
The Only Fraud Detection Platform You'll Ever Need
Reviewed on 2023/08/17
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.
- Industry: Banking
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Best Risk Orchestration Platform that came up so far!
Reviewed on 2023/08/10
From C-Level to Customer Success team, they are doing an excellent job.
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.
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Formica Review
Reviewed on 2022/04/06
İt was an amazing experience, both formica and our team worked really hard to create someting else...
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.
Response from Trlogic
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)
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Useful for PFs
Reviewed on 2022/04/14
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.
- Industry: Banking
- Company size: 51–200 Employees
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Fraud Prevention Manager
Reviewed on 2025/03/17
The platform’s user-friendliness, ability to generate real-time alerts for suspicious activity and...
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.
Pros
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.
Cons
I call for the development of the sanctions screening list and more comprehensive or updated specifications in this area.
- Industry: Financial Services
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Fraud Prevention and Detection Director
Reviewed on 2025/03/12
Pros
It is possible to write much faster and more accurate rules.
Cons
I don't think it has a weak point. Everything is as it should be.
- Industry: Banking
- Company size: 51–200 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Assistant Manager
Reviewed on 2025/03/20
In general , when price-performance evaluation is made , i can say the most preferable application.
In general , when price-performance evaluation is made , i can say the most preferable application.
Pros
I like that , the app allows you to draw every rule/scenario you need.
Cons
I would have liked , the screens to be more user-friendly and easy to use.
