The increase in mobile and digital adoption over the years has introduced many new business opportunities for financial institutions. However, with new opportunities come new fraud tactics from organised fraudsters. Synthetic account creations, account takeovers – just to name a few. How can banks/FIs balance the user experience of new applicants while ensuring they protect themselves from bad actors?
“SEON's data enrichment and device fingerprinting complement GBG’s enterprise fraud platform to help customers confidently combat synthetic identity fraud. This partnership expands our breadth of offerings, bringing to our customers a fully integrated and comprehensive fraud detection solution that verifies against 30+ social platforms - something fraudsters can't go back in time and create.”
Shekhar Bhagat, APAC Head of Alliances at GBG
“SEON checks a comprehensive range of digital footprints in real-time, adding another dimension and additional data signals to complement GBG. Together, it is a modernised solution for a fast-moving digital age without compromising user experience.”
Jimmy Fong, Chief Commercial Officer at SEON
With GBG’s Intelligence Center, fraud risk managers can orchestrate the desired fraud workflow, complementing available rules and data sets with advanced intelligence capabilities.
Uniquely combining open data from 30+ social platforms, phone, email, IP and device look-ups in real time, SEON adds to GBG’s Intelligence Center by giving you accuracy and a true picture of what a real person looks like today.
Intelligent risk scoring with predictive AI and transparent machine learning gives you accuracy and visibility.
Being the global expert in digital identity, GBG helps businesses prevent fraud and meet complex compliance requirements.
GBG Intelligence Center enables access to the latest fraud risk assessment capabilities and intelligence for orchestrating a strong layered fraud defence, to protect your business and customers against origination fraud.
Dynamic technology and data intelligence partner ecosystem
Simplify procurement and deployment. Mitigate customer friction
Customise workflows integrating external system, additional capabilities, rules, and decisioning logic
Customise, update and scale solutions as required by business needs
Identities stolen from data breaches
Fraudster attempts to apply for financial products, for example a new credit card, using identity details and documents purchased from the dark web.
How GBG-SEON solution helps
The investigation studio allows fraud managers to configure the display grid based on their preferences.
Fraud managers can delve further into the details of each customer to investigate. With Link Analysis in GBG Instinct Hub, relevant matched customers can also be pulled up easily for review.
Empower fraud investigators with open and reachable data to flag disposable numbers, virtual SIMs, invalid phone numbers, phone carriers and locations. This module scans 35+ social platforms in real-time for associated phone numbers.
Our email module provides real-time insights into a customer’s email domain and social media presence. Longevity of an email address helps distinguish genuine customers versus fraudsters.
With device fingerprinting, fraud investigators can track if one device is linked to multiple accounts, or if users are utlising browsers in private mode, Virtual Machines, VPNs, emulators or automation tools.
Get a full picture of your online users
Reduce transaction fraud and bonus abuse
Achieve up to 60% reduction in fraud volume in enterprises
100% GDPR and ISO 27001 compliant to meet data and privacy standards
Leverages only on proprietary email, IP and phone data going back a decade
Connected to 35+ social media platforms to uniquely see a comprehensive view of a person’s social network footprint with their digital footprint