Some of the features on offer include:

• Ease of integration: Our integration timeline is one of the shortest in the fraud tech world. The flexibility of the modular APIs also gives you plenty of control over how you connect SEON to other web apps.
• Outstanding UX: From full team management features to a Gmail-like transaction view, we understand that delivering a better experience for fraud teams translates directly into a better way to identify risks for business growth.
• Complete anti-fraud suite of tools: Advanced device fingerprinting, transaction monitoring, IP analysis, velocity checks, and social media lookup solutions. SEON is also customizable enough to fit a number of industries by helping with anti-money laundering (AML) and geo-compliance, chargebacks, account takeover, and bonus abuse, among other things.
• AML features: If your financial risk involves dealing with regulators, SEON lets you perform the right AML checks and transaction screening.
• Innovative features: Our Google Chrome extension for enrichment and messenger lookup is pretty much unique on the market.
• Complete transparency: Our machine learning engine delivers rules in a human-readable format so that you always know how best to leverage them. We are also the only fraud tech company to deliver clear, transparent pricing and a free trial.

Plus, we are always improving. Our online resources are constantly updated to deliver a fully self-serve approach, while the algorithms are updated to examine and take into account more data points, becoming ever more accurate.

SEON Pros

• Flexibility: SEON is fully modular, transparent, and flexible, with easy-to-implement amendments to default rulesets and actioning.
• End-to-end solution: For those who choose to use it as such, the vendor can be a fully-fledged end-to-end fraud prevention, alternative data enrichment, and customer insights solution.
• Unique digital footprinting: SEON does real-time social media and online platform data enrichment, offering accurate intel based on just an email address or phone number.

SEON Cons

• No on-site integration: Though SEON plays well with other software due to its modular APIs, there is no on-site integration for customers.
• No on-premise support: There’s no on-premise support available at the time of writing.

The tool counts 81+ points used for analysis and delivers data in raw form, with what ArkOwl claims are no false positives or negatives. There are no limits on the number of users you can add to an account, as you only pay for the bandwidth you use. Payment is flexible, either as a monthly subscription or pay-as-you-go, and there is a free trial.

When it comes to social media, it’s worth noting that ArkOwl looks at some of the main networks (Google, Facebook, Twitter), but the number of databases it can check is limited. This is certainly due to the fact that ArkOwl is a small team – and scraping social info can be extremely complex and time-consuming, as the sites change their settings all the time.

ArkOwl Pros

• Lightweight: You get email and phone data enrichment with basic social media checks but not that many features.
• Real-time: There is no stale data because all searches are in real-time, unlike companies that rely on databases.

ArkOwl Cons

• Limited documentation: It is a very small company, so there is little online documentation.
• Not many sources: ArkOwl uses a limited number of sites for social media profiling, missing out (for instance) on phone messenger lookups. It can’t help with more advanced attacks.

When it comes to analysis, Emailage has a surprisingly low number of data points; it analyzes in real-time, relying instead on proprietary databases they have built over the years. This can make it challenging to use effectively in certain emerging markets.

On the flip side, the dashboard is well-designed, and there is no shortage of online resources thanks to webinars, good documentation, and 24/7 customer support, which could make it one of the best risk management software for enterprise clients.

Emailage Pros

• Lightweight: Emailage provides lightweight email and phone verification with basic social media checks for risk assessment.
• Integrates with LexisNexis: As part of the LexisNexis suite of products, which numbers dozens of quality solutions, Emailage integrates well with everything on the LexisNexis roster, such as ThreatMetrix.

Emailage Cons

• Missing fraud prevention: Emailage homes in on email intelligence, but fraud prevention modules are offered separately by its parent company, LexisNexis. There is no device fingerprinting for extra analysis, preset rules, or permissions for team management.
• Pricey: Price per request is at the higher end of the spectrum, and support is a paid extra, so not recommended for small and medium enterprises (SMEs).

Founded in 2004 and subsequently acquired by TransUnion, the solution has amassed a knowledge base of more than 10 billion unique devices (including devices from every country worldwide), which can help block potential fraudsters who use the same browser.

But the company offers many more tools designed for risk management, such as TruLookup for manual lookups, TruVision for credit risk, and TruValidate, the flagship product for identification.

TruValidate Pros

• Powerful device fingerprinting: This vendor’s device fingerprinting is among the strongest and most comprehensive on the market.
• Focus on insurance companies: Truvalidate is one of the rare financial risk management solutions that offer modules specifically for insurers.

TruValidate Cons

• False positives: Historically known for false positives due to customers gaming the shared blacklists.
• No real-time digital footprint: There are no reverse email and phone lookups, which might not work for those who need advanced enrichment features for fraud prevention.

The dynamic decision platform is a single portal that gives analysts a wealth of information to improve decision making, gathered through behavior analytics, fingerprinting, and IP analysis. In fact, ThreatMetrix claims to be able to “recognize up to 95% of returning customers” in milliseconds, doing away with friction.

The digital identity intelligence delivered by this financial risk management vendor allows for prioritizing workflow, and the machine learning employed is whitebox, providing context and reasoning alongside risk scores.

One caveat for those considering adding ThreatMetrix to their solution stack is that there are reports of integration issues when deployed alongside tools from other companies. There is also no free trial at present.

ThreatMetrix Pros

• Whitebox: Unlike many of its competitors, ThreatMetrix utilizes a whitebox machine learning approach, which means all decisioning is fully explainable.
• Reduce churn: Featuring a dynamic decision platform, the vendor focuses on reducing churn.

ThreatMetrix Cons

• Tricky to integrate into a stack: ThreatMetrix does not integrate so well with solutions from other vendors.
• No customer intel: The type of data gathered about customers does not help with segmentation, as some vendors that offer data enrichment do.

Acquired by the Kamakura Corporation in 2022, SAS has grown into a risk management behemoth that focuses on the banking and finance sectors, but also services companies such as Lockheed Martin, Nestle, and HSBC.

While the company’s main product is its data analytics platform SAS Viya, you can also purchase SAS Continuous Monitoring for Procurement Integrity, SAS Detection and Investigation, SAS Identity 360, and SAS Fraud Management.

SAS Pros

• On-premise deployment: As is often the case with enterprise software of this calibre, you can deploy SAS on-site to be fully integrated into your business processes.
• Highly granular modules: Few other solutions on this list offer modules for the education sector as well as the insurance vertical.

SAS Cons

• Heavy integration: As a legacy system, SAS requires extensive human resources to integrate and run.
• Dated UX: Another consequence of being a huge machine is that SAS hasn’t had many opportunities to upgrade its tools when it comes to modern user experience (UX) and user interface (UI).

The company specializes in AI-driven solutions, as reflected in its RiskOps platform, which offers a complete view of transactions and user profiles for both compliance and fraud protection. 

Feedzai leverages machine learning to flag financial risk and fight fincrime. It also uses more traditional tools such as its Case Manager, which allows reporting to regulatory bodies with a simple, streamlined dashboard. 

Feedzai Pros

• Unified compliance and fraud prevention: If your financial risk stems from AML and KYC issues, Feedzai lets you manage both challenges from the same platform.
• Trusted by North American Fortune 500s: 80% of the world’s Fortune 500 companies and four of the five largest US banks rely on Feedzai to manage financial risk.

Feedzai Cons

• Opaque pricing: It’s impossible to know how much Feedzai will cost until you have a demo and sales call. 
• Limited data enrichment: If you want to fight financial crime by leveraging real-time data enrichment, you should look elsewhere.

Actico is also a full digital transformation and decision automation solution, which is why it has been at the forefront of the risk management drive for traditional financial institutions. 

A key advantage of Actico is its full integration with the Avaloq Core banking system, which is used by the most mature financial services.

Actico Pros

• Risk management and compliance: You get KYC, AML, and transaction screening, among others.
• Part of a larger ecosystem: Credit decisioning, fraud prevention, claims management, and fraud prevention are all covered by Actico and its numerous products.

Actico Cons

• Enterprise pricing: You won’t find a transparent pricing page for Actico, but it’s fair to say that it is at the pricier end of the spectrum as it targets enterprise clients.
• No real-time data enrichment: Actico offers KYC with tried-and-tested methods such as ID verification, but not with agile, real-time data enrichment.