Online security

SEON Unveils Product Updates to Help Customers Fight Online Fraud

SEON has announced several new upgrades to its product offering. In recent weeks, the company has refined its product dashboard and updated some of its APIs.

SEON, the go-to fraud prevention solution for ambitious FinTech leaders, such as Revolut, NuBank, Afterpay, Sorare and Mollie, has announced a host of new upgrades and updates to its innovative product offering. Along with updating its dashboard with new customization options and widgets, the company has updated internal codes and APIs to provide customers with the most comprehensive fraud prevention solution possible.

SEON has revamped its product dashboard to allow customers to connect with relevant data and statistics in a more intuitive way. Customers can now add additional widgets to the home screen of their dashboards, which include new location and filter options. At the same time, the company revamped the code and algorithms used under the hood of its system, allowing it to run faster than ever.

The new widgets help customers see which countries have the highest approval and rejection rates. In turn, this makes it easier for customers to recognize the riskiest parts of their operations. Going forward, customers can use the widgets to see the ratio of transactions approved or declined at a glance. Additionally, the new widgets help highlight key rules triggered during fraudulent transactions, allowing customers to quickly identify suspicious behavior during peak periods.

Thanks to the new update, SEON’s solution is now ready for further optimizations in the coming months. Going forward, customers should expect to see further enhancements to the product interface, as well as a significant update to the company’s leading digital fingerprinting solution. As a company, SEON continually listens to its ever-expanding user base and adapts its solution to better meet the needs of its customers.

Speaking about the upgrades, Jimmy Fong, Chief Commercial Officer of SEON, said, “We understand the importance of continually updating our solution based on the real demands of our customers. This has been achieved through this series of new product updates, which puts us in the best position to fight fraud on a global scale. However, our pursuit of perfection is a never-ending process and customers should expect more upgrades soon.”

Along with the updates, SEON has also adapted the internal APIs used in its system to reflect new regulatory changes in the payments industry. To that end, the company’s system now accepts eight-digit Bank Identification Numbers (BINs), which will become the industry standard from April 2022. Going forward, the BIN lookup system de SEON will now accept longer BIN numbers, while retaining all of its old functions.

By adopting these new updates, SEON is in a better position than ever to fulfill its primary objective of “democratizing the fight against online fraud”. The booming company continues to reach new heights in the technology and FinTech sectors. Highlighting this success, SEON was recently named as having the “Cybersecurity Solution of the Year” at the influential FSTech Awards.