A contemporary fraud prevention resolution constructed for at the moment’s world

SEON is a Enterprise Reporter consumer.

SEON is disrupting the risk-tech trade by democratising fraud-fighting. It’s the solely enterprise-grade fraud prevention resolution that gives a free trial with pay-as-you-go flexibility, making it simple for each on-line enterprise to have fraud safety.

SEON founders Tamas Kadar and Bence Jendruszák began in crypto. They quickly skilled fixed assaults from fraudsters, they usually couldn’t sustain with the quantity of fraud assaults.

Determined for a frictionless resolution, they wanted to get one thing rapidly in place.

Every part required a set-up time of months. Being too gradual to implement would cripple their enterprise. Too many pointless options meant it was costly and ID verification prompted excessive friction for buyer expertise. It was faster to construct a quick, light-weight resolution.

This homebrew resolution rapidly grew to become in demand by many different on-line companies. Constructed as versatile microservices with micro charges, it’s simple to combine. Pricing is clear, and companies can decide and blend options to solely pay for what they want. This additionally made it simple for various kinds of companies to attach and improve an present risk-tech.

On this video, Kadar and Jendruszák share SEON’s story of the way it created an accessible, various fraud prevention resolution to assist all on-line companies. They delve deeper into how SEON makes use of emails as the fashionable digital passport and the way suggestions loops enable human judgement to refine the algorithm. Not like others, SEON purposefully makes use of whitebox machine studying for its visibility and transparency so that folks can see how algorithm choices are made.

Fraud is an evolving real-time downside in our ever-expanding digital world. We will solely fight on-line fraud by working collectively as fraudsters do – creating revolutionary, relentless methods to be one step forward of fraud threats. Constructing consciousness and giving on-line companies entry to fraud safety from day one provides everybody a fairer likelihood to thrive on this digital world.

SEON now has 150 fraud fighters and counting. Headquartered in London, it’s sequence A funded with a world-class engineering R&D base in Budapest and regional workplaces within the US and APAC to help international shoppers.

Discover out extra about how SEON detects and prevents fraud at seon.io/demo.

Initially printed on Enterprise Reporter