News from the Wire

Free webinar with SEON, Sun Finance to explore digital lending trends

Tuesday, October 20, 2020 — 05:50:04 (EDT)

Budapest, HU./London UK. 20 October 2020: SEON, the fraud fighters, is pleased to announce it has teamed up with Sun Finance, the fastest growing online lender in Europe, working with unbanked and underbanked customers, to explore the changes to consumer risk and how the digital lending industry has been forced to adapt during the pandemic. Taking place on Wednesday 28th October at 10am CET, the session will cover the current landscape of the digital lending industry and how it might change in the future.

Digital lending, and especially online loans have been incredibly successful for some time, but COVID-19 has changed many things about the way that we deal with money. Many people’s financial situations have changed and the way that we complete transactions has had to change too. Many lenders who were previously offline have now moved online to cope with the increased number of people who are doing more from home. Simultaneously, due to the uncertainty worldwide risk has increased, with microlending particularly affected.

It is with these issues in mind that SEON and Kaspars Magazniek, Fraud Prevention Manager at Sun Finance, will discuss:

• The online lending market in general, including loan sizes, and targets, as well as upcoming challenges.
• The shifts that have occurred because of COVID. For example, some big-name companies closing, and how we can adapt to the increased risk.
• How alternative data can help to confirm identity in a way that the traditionally used methods cannot?
• What the future of the online lending industry might hold.

To find out more about this free webinar and sign-up, visit: seon.io/webinar/insight-from-a-microlending-fraud-prevention-manager/

To learn more about SEON’s services, visit: seon.io/

About SEON

Despite the vast global market that is online fraud prevention, SEON founders Tamas and Bence, found no suitable solution for their own budding crypto business – so they built one like no other. New to ‘fraud’ they leapfrogged legacy technology to create a digital native solution, which is intuitive to changing fraud behaviour and environments.

Online security is increasing in priority daily, and the former classmates were quick to get the attention of investors, raising €1.5M in seed funding from PortfoLion – part of the influential OTP group – so far.

SEON is now one of the rare start-ups to be profitable only 2 years after launch, tripling year on year gross revenue and with 95% inbound. Why? Because the founders have created a business so relevant to the way we live our business and personal lives today. They are not afraid to confront an industry that they believe to be failing, and their approach works.

SEON helps online businesses of all sizes fight back against fraud. It was built out of necessity and aims to remove the barriers to fraud prevention that many companies face, with rapid integration times, rolling monthly contracts and a one-size-fits-all platform that is easy to operate and is accessible 24/7.

SEON’s technology draws on data from across the internet to establish customers’ digital footprints to wean out false accounts and prevent fraudulent transactions from taking place. All of SEON’s tools work in the back-end to remove any friction associated with fraud prevention. To learn more about the company, visit: seon.io/

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Source: Company press release.