Australian digital lender MoneyMe has chosen SEON to enhance its fraud detection and credit decisioning capabilities as it expands its lending operations. The move underscores MoneyMe’s commitment to scaling securely while maintaining a smooth customer experience.
Strengthening fraud detection and risk management
MoneyMe will integrate SEON’s unified platform across its lending portfolio, which includes auto loans, credit cards and personal loans. The partnership is aimed at bolstering device intelligence, behavioural analysis and second-party fraud detection.
Jonathan Wu, Chief Operations Officer and Chief Product Officer at MoneyMe, said the decision followed a comprehensive review of several providers. “SEON stood out for its flexibility, strong device intelligence and scalability. Its platform will help us consolidate tools, reduce complexity and enhance both fraud prevention and operational efficiency as we grow,” he said.
The rollout will also provide MoneyMe with credit decisioning enrichment through SEON’s data engine. With an integrated dashboard, the lender will have a clearer view of risk across all vectors, allowing its fraud, risk and compliance teams to coordinate more effectively.
Expanding capabilities with SEON’s platform
SEON’s technology brings together device intelligence, digital footprinting and real-time compliance monitoring into a single system. According to Troy Nyi Nyi, Senior Vice President and GM for APAC at SEON, the platform was designed for innovative fintech firms like MoneyMe. “By combining device intelligence, digital footprinting and real-time compliance in one centralized command center, we’re helping them to both stop fraud before it starts and scale securely,” he said.
The first phase of the deployment focuses on strengthening fraud prevention and improving credit decisioning accuracy. By integrating additional data points, MoneyMe aims to refine its credit models while also achieving cost efficiencies in KYC and onboarding processes.
Future plans for advanced fraud prevention
Looking ahead, MoneyMe intends to extend SEON’s role to cover transaction monitoring. This will allow the lender to detect fraudulent activity in real time, further strengthening its risk management framework. The company also sees the partnership as an opportunity to future proof its fraud detection systems, ensuring that its lending operations can continue to grow without compromising security.
MoneyMe, listed on the Australian Securities Exchange (ASX:MME), is known for its fast credit decisioning and seamless digital lending experience. As a Certified B Corporation, it has positioned itself as a technology-driven non-bank lender focused on reshaping how Australians access credit.
SEON, which operates globally from offices in Austin, London, Budapest and Singapore, supports thousands of companies in combating fraud and managing compliance. Its platform is powered by more than 900 real-time, first-party data signals designed to identify risks, flag suspicious behaviour and streamline compliance processes.
