Compare SEON vs Fraudio

Compare SEON vs Fraudio

November 4, 2021

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 Fall 2021. 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, PagueloFacil.

Key Products

  • The company offers a cloud-based solution that focuses on an advanced machine learning algorithm, developed using a dataset of over 1B transactions.
  • 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.

SEON Vs Fraudio Features Comparison Table

SEON

Fraudio

Data aggregation

IP Analysis Yes Yes
Email data enrichment  Yes No
Phone data enrichment Yes No
Find user social media Yes, checks 35+ platforms No
Device Fingerprinting Yes Yes
BIN for transaction Yes No
Behavior tracking Yes, via custom rules Yes
User authentication Via cookie and browser hash No
Risk analysis
Custom rules Yes Yes
Machine learning suggestions Yes Yes
Industry preset rules Yes Yes
Risk score Yes Yes 

Integration / deployment

API calls Yes Yes
Modular APIs Yes Yes
Custom API fields Yes Yes
GUI Yes Yes
Chrome extension Yes  No
Manual query Yes No
Graph visualization No No
Reporting Yes No
Team management Yes Yes
Integration with other tools Yes Yes

Pricing

Chargeback guarantee No No
Free integration Yes Yes
Free support Yes Yes
Free trial Yes Yes
Cost per month Starting from €99. Starting from €300.

Where SEON Wins Over Feedzai

  • 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 Feedzai 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. 
Try a Fraud Product Demo

Share on social media

See a live demo of our product

Click here

Author avatar
SEON Team


Sign up to our newsletter