SEON

The latest edition of the SEON Fraud Digest explores transaction monitoring—what it is, how it works and the benefits of implementing it. 💡 Is your team leveraging transaction monitoring? What seems to be the biggest challenge in your risk management strategy that you'd like to improve— cost, manual workload, false positives or something else? Share your thoughts in the comments below! 👇

In its first year, the Federal Reserve’s FedNow service has enabled instant payments for over 850 banks and credit unions. Despite this growth, concerns around fraud have hindered its wider adoption, with fraud risks top of mind for financial institutions. To address these fears, they're planning to enhance fraud prevention tools, but for now, the onus remains on banks to protect against instant payment fraud. Real-time payments offer speed and convenience but also heightened risks that require real-time fraud detection. As FedNow evolves, ensuring robust fraud prevention will be key to its long-term success. Is your institution ready for the future of payments? Read the full article penned by Tamas Kadar for further insights. Link in the comments below 👇

The SEON team is heading to MRC Amsterdam next week🚀 Stop by table 8 to discuss all things fraud prevention and make sure to see our very own Andrew Fenton speak at the Ignite Sessions!

As fraud evolves, single-point solutions are falling behind. In his latest guest article, Tamas Kadar explores how the move to systems of record is transforming fraud prevention, delivering a more comprehensive way to safeguard businesses. 🚀 👉 Dive into the full article on Forbes to learn how this shift is enabling smarter detection while fueling sustainable growth: https://lnkd.in/d_Z4x8-c

While the benefits of using alternative data for creditworthiness are well-known, one of the hidden perks is the boost it brings to the overall speed of your decision-making. Integrating social, digital and device signals into your existing process makes it faster and easier to set up new rules and therefore enhances and automates your assessments. Learn more about the advantages of alternative data in assessing creditworthiness in our insightful discussion with Cecilia Lopez, Head of Decisioning at Carbon. Check out the link in the comments below 👇

Collaboration and knowledge sharing are key ingredients in the ongoing fight against fraud in iGaming & payments. Thank you Mukul Kaushik for the shoutout; last week’s event was indeed a blast!

Tune in to the latest episode of the DealMakers Podcast by Alejandro Cremades featuring SEON's co-founder 🚀 In this candid conversation, Bence Jendruszak shares his entrepreneurial journey—from scaling SEON into a global fraud prevention leader to navigating rapid growth and expanding into the US market. With over $100M raised and offices in four locations worldwide, Bence offers invaluable insights for founders on leadership, strategy and staying ahead of market trends. 🎧 Listen now: https://lnkd.in/dGCAmCFY

With millions left in the blind spot of traditional credit scoring, can fintech lead the charge toward inclusion? 🧠 Read Tamas Kadar's guest editorial on FinTech Intel to better understand the challenges of credit invisibility and learn how alternative data can shape Europe's financial future ➡️ https://lnkd.in/gPbWQP3M

What are the main challenges when it comes to collaboration between fraud and AML teams? See what James Nurse, managing director of FINTRAIL has to say on the matter ⬇️ You can further explore the critical synergy between fraud and AML in this insightful discussion hosted by SEON and FINTRAIL: https://lnkd.in/d8-k94gc

Online lending is a prime target for criminals who blend in with legitimate customers to secure loans using stolen identities. Here's a quick look at the most common steps fraudsters take to exploit stolen IDs for loan fraud: