Digital fraud prevention with device fingerprinting, phone and email insights
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
Combining SEON’s social media, phone, email, IP and device data to distinguish genuine customers
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.
Combat fraud across the entire user journey with layered defence
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.
Best-in-class intelligence
Dynamic technology and data intelligence partner ecosystem
Single-point of contact
Simplify procurement and deployment. Mitigate customer friction
Single workflow orchestration
Customise workflows integrating external system, additional capabilities, rules, and decisioning logic
Flexible solution design
Customise, update and scale solutions as required by business needs
How does it work?
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
- Email, phone, IP and device risk assessment is used to complement identity verification
- Email address and phone numbers used are not associated with any active social media account
- Application is made from suspicious device, from an unknown geolocation and IP address
- Application is flagged for investigation in GBG Instinct Hub
