Compare SEON vs ThreatMetrix

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July 27, 2021 by SEON Team

This page will answer all the questions you have about the differences between SEON and ThreatMetrix (now LexisNexis Risk Solutions), including pros and cons of each.

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 Summer 2021. Feel free to contact us to request an update/correction.

About ThreatMetrix 

ThreatMetrix was founded in Australia in 2005 by Alisdair Faulkner, David Jones and Scott Thomas. In 2018, it was acquired by the London-based Relx Group, a multinational analytics company. It is now part of the LexisNexis Risk Solutions product portfolio. 

Their platform scans through more than 78 Billion data records to deliver a complete view of users in order to predict and manage risk for user actions and transactions. 

Their area of expertise includes transaction fraud and identity fraud for verticals such as gaming, alternative payments and financial services, amongst others. Notable customers include TripAdvisor, TD Bank and GoPro.

Key Products

  • full fraud platform that combines multiple technologies for user identification and authentication. As it’s been acquired by LexisNexis Risk Solutions, you can also integrate with other products from their portfolio (for a price).

Pros of

Pros of ThreatMetrix

  • Big database of malicious IPs: while these databases work best with fresh data, the company still has one of the largest ones to look for flagged IP addresses.
  • Graph visualization: fraud managers who like to explore customer connections visually can do so with their data viz tool.
  • Integration with other LexisNexis tools: ThreatMetrix can integrate with other tools such as LexisNexis Voice Biometrics or Emailage.
  • Onsite integration: They offer the ability to send engineers on-site to support with your on-premise integration.

Cons of

Cons of ThreatMetrix

  • Part of a large portfolio of products: because ThreatMetrix is part of the giant LexisNexis Risk Solutions, all the other tools are sold as extra.
  • No free trial: the only way to see if ThreatMetrix works for your business is to sign a long contract with them.
  • No built-in data enrichment: you need to purchase other solutions from the LexisNexis portfolio to get a 360 view of your users.
  • No Machine Learning suggestions: you’ll have to rely on your own risk management team to create rules only.

SEON Vs ThreatMetrix Features Comparison Table

SEON Sense

Threatmetrix

Data aggregation

IP Analysis Yes Yes
Email data enrichment  Yes No, you need to purchase Emailage
Phone data enrichment Yes No
Find user social media Yes, checks 35+ platforms No
Device Fingerprinting Yes Yes
BIN for transaction Yes Yes
Behaviour tracking Yes, via custom rules Yes
User authentication Via cookie and browser hash Via ThreatMetrix SmartID

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 No
Custom API fields Yes Yes
GUI Yes Yes
Chrome extension Yes No
Manual query Yes Yes
Graph visualisation No Yes
Reporting Yes Yes
Team management Yes Yes
Integration with other tools Yes, via Zapier Yes only via other LexisNexis products

Pricing

Chargeback guarantee No No
Free integration Yes No
Free support Yes No
Free trial Yes No
Cost per month €300 N/A

Where ThreatMetrix Wins Over SEON

  • The ability to integrate on-premises is a clear reason to choose ThreatMetrix over SEON. LexisNexis will send engineers to your company so you can integrate their risk-prevention tool on-site. 
  • If you already use products from the LexisNexis family, you might also want to stick with ThreatMetrix, even if the integration isn’t included in your initial contract. The integration with other tools and products such as their big data solution could make sense.

Where SEON Wins Over ThreatMetrix

  • The flexible integration of SEON is a clear win for smaller companies who need to test their risk management tools, don’t want to be locked into multi-year contracts, and want a fast agile deployment. 
  • SEON lets you onboard from the comfort of your own computer, and you get a free 30-day trial to see if it really works for you. The ability to run a Machine-Learning engine on 1 year worth of data can also help suggest risk rules that your team might have otherwise missed. 
  • The integrated data enrichment modules built into SEON for reverse email lookup, reverse phone lookup and reverse social media lookup help you build complete customer profiles from the get-go, without having to purchase extra products. This shows tremendous results for due diligence and KYC, cutting fraudulent signups by more than 90%.

SEON vs ThreatMetrix Conclusion

Based on features alone, it’s hard to differentiate between SEON and ThreatMetrix. Both providers offer great risk tech, neatly packaged into a user-friendly solution. However, we are aware of many former users are now switching to SEON because:

Choose SEON If:

You want flexibility, test it with a free trial, and get access to fresh alternative user data such as social media profiles.

ThreatMetrix logo

Choose ThreatMetrix If:

You already use other LexisNexis products. You need graph visualisation or are already locked into the LexisNexis ecosystem. For enterprise clients who need on-premise fraud prevention, it’s a sure choice.

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SEON Team


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