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With global digital banking growth, regulatory compliance is crucial for fraud protection. Protocols like AML, KYC and sanctions screening are foundational to staying secure and avoiding the steep costs of non-compliance—fines, legal issues and reputational hits. Digital banks face a complex landscape of local and global regulations while aiming for smooth customer experiences. By using advanced compliance tools—automated AML checks, real-time transaction monitoring, and regular audits—banks can meet standards and stay vigilant against fraud. Staying updated on regulatory changes ensures digital banks can adapt and strengthen their defenses, reinforcing both security and compliance in a constantly evolving environment. Compliance is more than red tape – it’s your frontline defense in digital banking. 💡

Multi-accounting isn’t just an annoyance; it’s a major threat to digital banks' growth and compliance. Fraudsters exploit streamlined onboarding and referral programs, inflating user metrics and abusing incentives. This leads to skewed KPIs and regulatory risks—violations can even result in heavy fines if undetected. The impact? Higher default rates, wasted resources and misleading insights that could affect strategic decisions. How can banks protect themselves? Stay ahead with fraud detection that spots hidden connections between accounts, even if bad actors try to cover their tracks. 💡 Read the full guide on multi-accounting detection for digital banks: https://lnkd.in/dddFpzsu #DigitalBanking #FraudDetection #MultiAccounting #KYCCompliance #SEON

A huge thank you to our panelists and all attendees for joining our webinar on Wednesday! 👏 It was a pleasure to host such an engaging discussion alongside industry experts. Thrilled to see panelist Mirela C. share her thoughtful recap of the session, highlighting key takeaways—from the transformative impact of AI and digital onboarding to the trends set to redefine KYC in 2025. If you couldn’t attend or want a deeper dive, we highly recommend reading her summary. 👉

🚨 It's Fraud Awareness Week! 🚨 This week is all about raising awareness of the ever-evolving fraud landscape and empowering businesses to stay one step ahead. At SEON, we believe that knowledge is the ultimate tool in the fight against fraud. Here's a roundup of key resources to help you tackle today's most pressing fraud challenges: 📖 Digital Footprint Analysis: Adapting Fraud Prevention for the Digital Age 👉 Uncover how alternative data and behavioral insights are transforming fraud detection strategies: https://lnkd.in/df8ivSB8 📖 Traditional Fraud Prevention Measures Aren’t Enough 👉 Explore why legacy systems fall short in today's fast-paced, digital-first world—and what to do about it: https://lnkd.in/duNGUvkq 📖 Filtering Out the Fraudsters: Putting Device Intelligence to Work 👉 Discover how device intelligence empowers businesses to detect and block fraud at its source: https://lnkd.in/da26qfTu Fraud doesn’t take a break, but together, we can make the digital space safer for everyone. Read, share and stay informed. 🛡️ #FraudAwarenessWeek #FraudPrevention #DigitalSecurity #Cybercrime #FraudDetection

🛡️How to Protect Your Digital Bank From Fraud 🛡️ In digital banking, layered security is essential. Here are the three essential pillars of staying ahead of fraud: ✅Real-time monitoring: Use real-time transaction monitoring with AI and machine learning to catch fraud patterns like ATOs, synthetic IDs and fraud rings as they happen. ✅Enhanced KYC & AML: Combine digital footprint analysis, device intelligence and behavioral biometrics with strict KYC and AML protocols to verify identities and flag high-risk activities. ✅Customer education: Equip customers with fraud awareness tools and best practices and enable multi-factor authentication (MFA) to prevent scams and strengthen trust. A proactive, multi-layered approach builds a secure, trusted environment for both banks and customers.💪

🔔 Last call! Don’t miss out on tomorrow’s webinar that’s set to transform how you think about KYC. Join us as industry experts unravel how to optimize your KYC process to reduce costs, enhance user experience and stay ahead of fraud. Whether you’re in compliance, fraud prevention, or customer onboarding, this is your chance to get practical strategies for smarter KYC. Secure your spot now and let’s rethink KYC together 👇

We'd like to thank everyone for joining us on this great night of sharing insights and working toward a fraud-free digital space by driving innovation and collaboration! 🤝

The digital banking landscape is facing increasingly sophisticated threats—from account takeovers to synthetic identity fraud and automated credential-stuffing attacks. 🌐 Fraudsters are evolving, and so must the defenses that digital banks put in place to safeguard their customers. By leveraging machine learning and real-time data analysis, digital banks can stay one step ahead, identifying suspicious behavior early and reducing the chances of human error. These advanced technologies enable banks to refine their fraud detection strategies, providing both protection and a seamless onboarding experience for legitimate users. 🔒 As the future unfolds, artificial intelligence and automation will continue to shape the onboarding process, allowing banks to automate more, speed up verifications, and cut costs associated with manual reviews. Continuous monitoring of user activity post-onboarding will become the new standard, ensuring long-term protection and enhancing customer trust. 💡 In this ever-evolving landscape, it’s all about staying ahead—securing assets, building strong relationships, and delivering a frictionless, safe experience for customers. #DigitalBanking #FraudPrevention #AI #MachineLearning #CyberSecurity #Fintech

The latest edition of the SEON Fraud Digest offers a brief overview of behavioral biometrics and how behavioral data signals help you proactively detect threats like bot attacks and account takeovers. 🚀 If you haven't yet, subscribe to our monthly newsletter featuring anti-fraud and compliance insights and tips from SEON’s experts and let us know in the comments what topics you'd like us to cover next!

📅 Mark your calendar and register to secure your spot for the upcoming NextGen Payments & RegTech Forum! 👇