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Compare SEON vs Fraudio

This article will break down the features, pros, and cons of both companies as well as recommendations to help you choose the platform that’s right for you.

Disclaimer: Everything written about the companies mentioned in this article was gleaned from online research including user reviews. We did not have time to manually test all the tools. However, we ensured the information was correct as of Q3 2022. Feel free to contact us to request an update/correction.

About Fraudio 

Fraudio is a provider of payment fraud detection, merchant risk monitoring, and money laundering detection services. The company has offices in the Netherlands, Portugal, and the UK.

In May 2021 they secured $3.3 million in a seed funding round and work with clients such as Viva Wallet, Borgun, Novalnet, WiPay.

Key Products

  • 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.

Pros of Fraudio
  • API availability provides easy-to-integrate cohesion with other risk management solutions. 
  • Actively against siloing data (similar to SEON).  
  • Advanced machine learning that can analyze the entire ecosystem ( payment service providers, payment gateways, acquiring banks, issuing banks, card schemes, and merchants).

Cons of Fraudio
  • 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.
 
Compare SEON’s solution to Fraudio

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SEON Vs Fraudio Features Comparison Table

 

SEON

Fraudio

Data aggregation

IP AnalysisYesYes
Email data enrichment YesNo
Phone data enrichmentYesNo
Find user social mediaYes, checks 50+ platformsNo
Device FingerprintingYesYes
BIN for transactionYesNo
Behavior trackingYes, via custom rulesYes
User authenticationVia cookie and browser hashNo
Risk analysis
Custom rulesYesYes
Machine learning suggestionsYesYes
Industry preset rulesYesYes
Risk scoreYesYes 

Integration / deployment

API callsYesYes
Modular APIsYesYes
Custom API fieldsYesYes
GUIYesYes
Chrome extensionYes No
Manual queryYesNo
Graph visualizationNoNo
ReportingYesNo
Team managementYesYes
Integration with other toolsYesYes

Pricing

Chargeback guaranteeNoNo
Free integrationYesYes
Free supportYesYes
Free trialYesYes
Cost per monthStarting from €99.Priced per-transaction, contact sales

Where SEON Wins Over Fraudio

  • SEON’s Intelligence Tool enriches data by also checking more than 40 social media accounts in real-time to create a fuller digital footprint of a user. This enables you to make a more informed risk assessment decision.
  • A more modern UX design which makes for an easy to use, intuitive platform.
  • Real-time data enrichment beats stale data as it provides a direct overview of the given customers social footprint all in real-time.

Where Fraudio Wins Over SEON

  • Targeted on combining the whole ecosystem, it might be argued that the company has more interest in creating synergy between your and other stakeholders of your business.
  • Similar to SEON they offer a more flexible approach to fraud prevention.

SEON vs Fraudio Conclusion

Choose SEON if
  • You require more in-depth user knowledge and profiling in real-time via data enrichment features, phone + email analysis, and device fingerprinting.
Choose Fraudio if
  • You are seeking a next-gen solution to potentially speed/fortify your risk assessment process. 

Further Reading

Learn more about:

Browser Fingerprinting | Data EnrichmentDevice Fingerprinting | Fraud Detection API | Fraud Detection Machine Learning | Fraud Detection & Prevention

Try our free tools:

BIN Lookup | IP Lookup | Reverse Email Lookup | Reverse Phone Lookup | Social Media Lookup

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Author avatar
SEON Team


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