Financial Crime World

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Guinea’s Fight Against Fraud: SEON Revolutionizes Digital Footprinting and AI-Driven Insights for Effective Fraud Detection and Prevention

As online fraud is expected to increase by over 140% in the next five years, businesses operating in Guinea are under pressure to stay ahead of modern fraud attacks without compromising customer experience. To address this challenge, a growing number of companies are turning to SEON’s cutting-edge fraud prevention platform.

SEON’s AI-Driven Insights for Effective Fraud Detection

SEON’s AI-driven insights enable real-time detection and prevention of fraudulent activities, allowing businesses to block malicious traffic and accounts before they cause damage. The company’s digital footprinting technology provides advanced ID verification, device intelligence, and real-time signals to immediately identify and prevent suspicious transactions.

Industry Leaders in Guinea Reap the Benefits

Industry leaders in Guinea are already reaping the benefits of SEON’s fraud detection solutions. “SEON improves our accuracy by an extra 200 basis points,” said Dmitri Lihhatsov, Fincrime Product Owner at a leading financial institution. “That doesn’t sound like a lot, but we’re talking about 200 bps of fraud cases we would be losing otherwise.”

Another company, Bilt, has seen a significant reduction in manual queries and improved efficiency thanks to SEON’s automation capabilities. “SEON radically improved our fraud prevention efficiency,” said Vladislav Notesvsky, Head of KYC at Bilt. “The automation saves us time and effort that we can now dedicate to improving and updating our current procedures, policies, and rules.”

SEON’s Solutions for Guinea’s Businesses

SEON’s solutions have also enabled companies in Guinea to:

  • Reduce fraudulent registrations by 90%
  • Accelerate manual reviews by 90%
  • Automate 95% of fraud checks

With over 280+ reviews and G2’s best fraud detection platform award, SEON is the trusted choice for many businesses operating in Guinea.

Conclusion

By leveraging SEON’s cutting-edge technology and expertise, companies in Guinea can safeguard their customers’ data and transactions while minimizing friction and ensuring a seamless user experience.