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Wallis and Futuna Islands Crack Down on Money Laundering with Advanced Detection Tools
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As part of its efforts to combat financial crimes, Wallis and Futuna Islands has turned to SEON, a leading provider of anti-money laundering (AML) and fraud detection solutions. With its cutting-edge technology, SEON helps businesses identify and prevent money laundering activities, ensuring a safer and more secure financial environment for all.
Online Fraud on the Rise
According to SEON’s experts, online fraud is expected to increase by over 140% in the next five years, making it crucial for businesses to have a scalable end-to-end solution that can stay ahead of modern fraud attacks. That’s why Wallis and Futuna Islands has chosen SEON as its trusted partner in preventing fraudulent activities.
Advanced Detection Capabilities
SEON’s AML screening and monitoring tools utilize AI-driven insights to detect suspicious transactions and block fraudulent accounts in real-time, ensuring the integrity of financial transactions. The platform also provides:
- Advanced digital footprinting
- Device intelligence
- ID verification
- Real-time signals to immediately block fraudulent traffic and accounts
Codeless Rule Builder
In addition to its robust detection capabilities, SEON’s platform offers a codeless rule builder, allowing businesses to formulate their own rules and enhance fraud detection without requiring extensive technical expertise.
Global Partnership
Wallis and Futuna Islands is not the only country that has chosen SEON as its trusted partner in combating financial crimes. Over 5,000 global online businesses trust SEON for AML and fraud detection and protection, resulting in improved accuracy and reduced manual reviews.
Industry Testimonials
Industry leaders like Dmitri Lihhatsov, Fincrime Product Owner at a leading financial institution, have praised SEON’s effectiveness in detecting fraudulent activities:
“SEON improves our accuracy by an extra 200 basis points. That doesn’t sound like a lot, but we are talking about 200 bpis of fraud cases we would be losing otherwise.”
Jonathan Kleinman, Head of Partnerships at another leading financial institution, notes the benefits of partnering with SEON:
“The effects of deploying SEON have been pretty immediate and eye-opening. Ultimately, what it’s allowed us to do is have that peace of mind to drive our growth initiatives forward at full steam, knowing that we’re able to identify and mitigate the risk from potential fraud.”
Contact Information
For more information on how Wallis and Futuna Islands can benefit from SEON’s advanced AML detection tools, please contact a representative today.