Financial Crime World

FRAUD DETECTION SOFTWARE TAKES CENTER STAGE IN IRELAND AS ONLINE FRAUD EXPECTED TO SOAR BY 140%

The Growing Threat of Online Fraud

In the face of an expected surge in online fraud, Irish businesses are turning to cutting-edge fraud detection software to safeguard their customers and reputations. The latest figures suggest that online fraud is set to increase by a staggering 140% over the next five years, prompting companies to seek out innovative solutions to stay ahead of the curve.

SEON: A Trusted Partner for Irish Businesses

SEON, a leading provider of AI-driven fraud prevention technology, has emerged as a trusted partner for Irish businesses looking to protect themselves from the growing threat of online fraud. With its scalable end-to-end solution, SEON empowers companies to detect and prevent fraud in real-time, without compromising the customer experience.

Advanced Features and Capabilities

  • Digital Footprinting: SEON’s advanced digital footprinting capabilities enable it to identify and block fraudulent traffic and accounts.
  • Device Intelligence: The company’s device intelligence features help to streamline transaction validations for a seamless user experience.
  • Real-time Activity Monitoring: SEON’s real-time activity monitoring feature streamlines transaction validations for a seamless user experience.
  • Machine Learning-Suggested Rules or Codeless Rule Builder: These features allow businesses to refine their risk decision-making and reduce manual reviews.

Proven Results

SEON’s technology has already proven its worth with numerous case studies showcasing significant improvements in accuracy, automated transaction approvals, and reduced manual queries. For example:

  • One client reported a 90% increase in automated transaction approvals.
  • Another saw a 40% drop in manual queries following the deployment of SEON’s software.

Industry Recognition

Industry leaders are singing the praises of SEON’s fraud detection software, with many citing its ability to improve accuracy by an extra 200 basis points. “SEON improves our accuracy by an extra 200 basis points,” said Dmitri Lihhatsov, Fincrime Product Owner at one client. “That doesn’t sound like a lot, but we’re talking about 200 bps of fraud cases we would be losing otherwise.”

Why SEON?

With over 5,000 global brands already trusting their fraud prevention needs to SEON, it’s little wonder that Irish businesses are recognizing the importance of investing in robust fraud detection software. For more information on how SEON can help protect your business from online fraud, book a time with one of our experts today.