SEON, the fraud fighters, has announced its partnership with DevCode Identity, a leading identity platform, which will be utilising SEON’s unique and innovative fraud prevention solution to help iGaming companies prevent fraudsters from signing up during the customer onboarding process.
By integrating SEON’s tool via an API or Chrome extension, SEON offers a seamless integration experience, cutting down on the typically long implementation times most other fraud prevention tools are known for, and via an API or Chrome extension, the DevCode Identity platform will have near-immediate access to SEON’s services
Additionally, DevCode Identity will have access to rich data taken from the email, phone number or IP addresses it gathers from customers, while also collecting all accessible data points about customers’ digital footprints from social media profiles, available via open sources in the public domain. This allows DevCode Identity to ensure that its merchants can wean out any fraudulent accounts during the onboarding process.
Having launched in 2017, DevCode Identity is a gateway for Know Your Customer (KYC), anti-money laundering (AML) and fraud services. With a core focus on iGaming, the DevCode Identity Platform allows merchants to verify customers in real time, wherever they are, with a single API. As a Software-as-a-Service (SAAS) platform, it enables merchants to outsource all authentication, on-boarding and KYC processes safely, with the knowledge that its customers’ identities are correct and there are no fraudsters trying to open accounts or access existing ones. At the same time, customers can rest assured that no one is able to access their accounts.
iGaming merchants using the DevCode Identity Platform, will be able to use the SEON tool to catch fraudsters by defining rules and actions, such as on withdrawals to determine if accounts have been involved in any fraudulent activities. Based on the rich data provided by SEON, the merchant will then be able to block the transaction and action the suspicious behaviour. This ultimately protects both them and their customers from online fraudulent activity. It also prevents the merchants involved from incurring any costly regulatory sanctions that can have a devastating effect on both the company’s reputation and finances.
Magnus Frost, CEO at DevCode Identity, said: “When it came to partnering with a fraud prevention solution to give our merchants extra security and protection, we didn’t have to look far. SEON has a very good reputation in the sector and we really liked the entrepreneurial spirit at the company. It is clear from the success they’ve achieved in such a short space of time that they are working hard to be the best solution out there.”
Tamas Kadar, CEO and Founder at SEON, commented: “Our vision at SEON has always been focused on fighting fraud differently using existing technologies. DevCode Identity recognised this and we’re thrilled to have partnered with them in what is one of our key sectors. The collaboration has been very smooth, both from a technical and business standpoint and we look forward to growing our relationship even more, to help protect merchants across the iGaming sector.”