Compare SEON vs Simility

In this article, we will give you a brief overview of Simility’s history, its product stack, and how it compares to SEON. 

Disclaimer: Everything you’ll read below about the companies mentioned in this article was gleaned from online research, including user reviews. We did not have time to manually test every tool. However, we ensured the information was correct as of Q3 2022. Please feel free to contact us to request an update/correction. Images have been sourced from review sites.

About Simility

Co-headquartered in Palo Alto, California, and Hyderabad, India, Simility offers a complete end-to-end fraud and decisioning platform to support businesses in the fight against digital fraud. 

It was founded by ex-Google and Amazon employees in 2014 and acquired by PayPal for $120 million in 2018. Their clients are mainly enterprise customers across financial services and retail with names such as African ecommerce platform Jumia, luxury retailer Luisa Via Roma, and some of the top 50 banks in the US.

Simility Key products

• Simility’s offering is built upon its Adaptive Decisioning Platform, which is described as a “data-first approach”, through a combination of AI and big data visualization. 
• Its device intelligence analyzes more than 350 browser, mobile, desktop, and network data points and combines this with transactional data stemming from the user’s purchase.
• Simility offers a graph visualization solution to enable analysts to visualize connections between data points and uncover potential fraud patterns.

Pros of Simility

• Since the acquisition, Simility’s services have benefited from using PayPal’s extensive dataset along with its own database.
• Its graph visualization solution is more suited to certain analysts’ preferences for viewing fraud.
• On offer is a chargeback protection module, which, in combination with the automation aspect, allows merchants to concentrate on other aspects of their business.

Cons of Simility

• Despite the advantages of working with PayPal, Simility still handles potentially stale data, which can lead to more false positives.
• The company is more focused on enterprise clients and therefore will offer more structured contracts vs a pay-as-you-go model.

SEON vs Simility Features Comparison Table

Where Simility Wins Over SEON

• The availability of graph visualization might be better suited to certain fraud teams based on their previous experiences of working with software, as it can give a clearer insight to potential fraudulent connections.

Where SEON Wins Over Simility

• SEON offers more comprehensive customer insights pre-signup with the live digital profiling tool to give you extra confidence when making a decision. 
• More flexibility with individual APIs, pay-per-use and intergration with other tools allows you to develop a multi-layered defense at an affordable price. 

Further Reading

Learn more about:

Browser Fingerprinting | Data Enrichment | Device Fingerprinting | Fraud Detection API | Fraud Detection Machine Learning | Fraud Detection & Prevention

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