PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Seon and IDVerifact Team up to Crack Down on Digital Identity Fraud

PaymentsJournal by PaymentsJournal
June 14, 2021
in Fraud Risk and Analytics, Partnerships, Press Releases, Security
0
Seon and IDVerifact Team up to Crack Down on Digital Identity Fraud

Seon and IDVerifact Team up to Crack Down on Digital Identity Fraud

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

SEON will bolster fraud prevention capabilities for IDVerifact, the digital identity solution

Budapest, HU./London UK. 08 June 2021: SEON, the fraud fighters, today announces its partnership with IDVerifact, the advanced digital identity solution. Last year it was reported that nearly half of companies experienced a fraud in the past 24 months. Recognising the increasing surge in fraud and digital identity theft, IDVerifact sought to strengthen their capabilities by partnering with SEON to extend its comprehensive suite of solutions.

IDVerifact removes the challenges associated with a traditional approach to onboarding, maintaining and optimising multiple digital identity partners. It achieves this with a complete suite of continually evolving digital identity solutions, allowing organisations to rapidly capture the data attributes required to complete trusted business transactions with their clients. As part of the deal, IDVerifact will integrate SEON’s cloud-based machine learning platform, Intelligence Tool, into the IDVerifact platform to provide inputs for user profiling decisions on transactions, all in real-time. 

Built for data enrichment, SEON’s Intelligence Tool scans open-source databases and gathers extra information about users based on an email address, phone number or IP address. In addition, it enables users to simply check if an email address is valid or not and instantly get background information to create a complete user profile, flag fraudsters, confirm suspicions or remove doubts. 

George Colwell, Sr. Vice President at IDVerifact, commented: “The issue we are seeing is that fraudulent activity is only increasing, yet there is no one size fits all standardised method for digital identity. But, no matter who you are or where you’re transacting, it should be secure. That’s why we developed a one stop shop for digital identity solutions, enabling customers to choose from a menu of data attributes that uniquely suit their organisation. We believe that SEON is an ideal partner to support us in reaching our goals. 

He added: “Not only was it a meeting of minds when it comes to approach and our complimentary offerings, but the team at SEON also understand that there is no space for standing still so we all must continually evolve. We know that as our partners grow, so too will we.” 

Tamas Kadar, CEO and Co-Founder at SEON, said: “By integrating SEON’s Intelligence Tool, IDVerifact has assembled a next-level toolbox for fraud protection, including digital identity verification, compliance, risk assessment, data capture, tokenisation and encryption. Together we are helping organisations to create safe environments to conduct transactions at the speed of today’s business.”

To learn more about SEON and the services it provides, visit: https://seon.io/ 

Tags: Clouddigital identityfraudIDVerifactPartnershipPress ReleaseSeon
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023
    payments

    Key Challenges from Growing Payment Methods and Volume

    March 13, 2023
    Data Governance is a Journey, financial data

    How FIs Can Power Their Operations with a Modern Data Architecture

    March 10, 2023
    ISO 20022

    How Banks Can Realize Business Benefits and Reduce Payments Fraud With ISO 20022

    March 9, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Autorek complimentary report: Payments Industry Outlook 2023: