Fraudio Key Features
- The company offers a cloud-based solution that focuses on an advanced machine learning algorithm, developed to collect customer data and pass it through billions of calculations in milliseconds.
- Traffic light system that offers opportunities to automatically accept, decline, or further investigate orders based on customizable thresholds.
- The Merchant-Intitiated Fraud Detection feature lets you identify suspicious merchant websites.
- Fraudio now also offers an AML solution based on anomaly detection and AI to detect suspicious transactions.
- API availability provides easy-to-integrate cohesion with other risk management solutions.
- A dedicated solution for identifying fraudulent merchants, ideal for payment service providers.
- Advanced machine learning that can analyze the entire ecosystem (payment service providers, payment gateways, acquiring banks, issuing banks, card schemes, and merchants).
- No data enrichment or social media lookup products, limiting the amount of knowledge you can acquire about a given customer.
- Their technology does not offer any form of live look-up, potential risk of stale data.
- Limited AML solution that only looks at transaction monitoring, not PEP or crime databases.
SEON’s advanced APIs and device fingerprinting provide fast, scalable fraud prevention solutions, no matter the size or ambition of your organization.
Where SEON Wins Over Fraudio
- SEON gathers more data sources for enrichment, looking at IPs, email addresses, and phone numbers.
- A focus on customization and flexibility gives greater power to fraud analysts who need to control risk as they see fit.
- Affordable pricing, and a completely free plan.
- More robust features for AML and KYC.
See our real-time fraud prevention solution in action, boasting unique digital footprinting, granular reporting, custom risk rules and machine learning.
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Disclaimer: Everything you’ll read in this article was gleaned from online research, including user reviews. We did not have time to manually test every tool. This article was last updated in Q3 2023. Please feel free to contact us to request an update/correction.
Further Reading
Learn more about:
Browser Fingerprinting | Digital Footprinting | Device Fingerprinting | Fraud Detection API | Fraud Detection & Prevention
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BIN Lookup | IP Lookup | Reverse Email Lookup | Reverse Phone Lookup | Social Media Lookup
