Formica AI
About Formica AI
Formica Fraud is an AI-powered fraud detection solution helping businesses detect, prevent and monitor fraudulent activities using custom workflows and machine learning.
Key benefits of Formica AI
•Protect your company against heavy chargebacks and disputes
•By reducing false-positive cases, save money and increase operational efficiency
•Reduce manual reviews numbers and automate decisions with AI-powered fraud detection
•Prevent revenue loss and detect fraudulent activity in real-time.
•Stream, analyze and monitor millions of transactions from multiple sources in real-time.
•Adopt your team and company to constantly changing fraud techniques with a flexible and easily deployed rule or workflows.
•Get operational insights and complete auditing transparency.
•By using self-learning capabilities, identify abnormal patterns by connecting real-time and historical analysis of customer behavior.
Images
Not sure about Formica AI?
Compare with a popular alternative
Starting Price
Pricing Options
Features
Integrations
Ease of Use
Value for Money
Customer Service
Alternatives
Fraud.net
aiReflex
Livescale
Pi.
Reviews
Already have Formica AI?
Software buyers need your help! Product reviews help the rest of us make great decisions.
- 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: 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: 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: 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.
Formica AI FAQs
Below are some frequently asked questions for Formica AI.Q. What type of pricing plans does Formica AI offer?
Formica AI offers the following pricing plans:
- Free Trial: Available
Q. Who are the typical users of Formica AI?
Formica AI has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Formica AI support?
Formica AI supports the following languages:
English, Turkish
Q. Does Formica AI support mobile devices?
Formica AI supports the following devices:
Q. What other apps does Formica AI integrate with?
We do not have any information about what integrations Formica AI has
Q. What level of support does Formica AI offer?
Formica AI offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
Related categories
See all software categories found for Formica AI.
Know Your Customer ( KYC) Software
