How does SEON AML Screening compare to Bridger Insight XG?

SEON AML Screening provides comprehensive tools to help organizations comply with anti-money laundering (AML) regulations. The platform enables real-time screening of customers and transactions against global sanctions lists, politically exposed persons (PEP) databases, and adverse media sources.

With intelligent matching algorithms and customizable workflows, SEON AML Screening minimizes false positives and enhances operational efficiency. The solution integrates seamlessly with compliance systems, enabling businesses to identify risks, maintain regulatory adherence, and safeguard their reputation.

Bridger Insight by LexisNexis Risk Solutions is a comprehensive compliance, risk mitigation, and due diligence platform designed to help organizations meet their regulatory obligations while minimizing operational complexities. Primarily serving financial institutions, insurance companies, and other regulated entities, Bridger Insight delivers robust screening and monitoring capabilities to identify high-risk individuals, entities, and transactions efficiently and accurately. It addresses critical compliance mandates such as anti-money laundering (AML) regulations, Know Your Customer (KYC) requirements, counter-terrorist financing directives, and sanctions screening obligations imposed by authorities like the U.S. Office of Foreign Assets Control (OFAC) and other global regulatory bodies.

One of the key features of Bridger Insight lies in its advanced watchlist screening capabilities. The solution continuously updates and references a wide range of watchlists—including global sanctions lists, politically exposed persons (PEPs), adverse media sources, and other proprietary datasets—to deliver comprehensive risk assessments. By leveraging sophisticated matching algorithms and “fuzzy logic” techniques, the platform can detect potential matches even where variations in name spellings, incomplete data, or cultural naming conventions exist. This level of precision not only reduces the chance of missing truly risky parties but also helps minimize false positives, enabling compliance teams to focus on legitimate red flags and accelerate decision-making processes.

Bridger Insight also integrates seamlessly with core banking systems, customer relationship management (CRM) platforms, and other internal compliance and case management applications. This interoperability supports a more holistic and efficient workflow by allowing data to flow freely between systems, thereby streamlining investigations and enhancing collaboration among compliance, risk, and legal teams. In addition, the platform’s user-friendly interface, configurable settings, and robust reporting capabilities empower organizations to tailor their compliance controls to their unique risk profiles and evolving regulatory obligations.

Ultimately, Bridger Insight’s comprehensive dataset coverage, flexible deployment options, and ongoing regulatory updates contribute to a nimble and scalable compliance infrastructure. By enabling organizations to proactively identify hidden risks, maintain robust due diligence procedures, and confidently meet global regulatory standards, Bridger Insight plays a critical role in safeguarding both their operations and reputations.

• 🏆 Ranked - Contender by IDC (2024)

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Best Overall AI Company by AI Breakthrough Awards (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)

SEON is a fraud prevention company specialising in providing online businesses with tools to detect and prevent fraudulent activities in real-time. Founded in 2017 by Tamas Kadar and Bence Jendruszak, the company emerged from their firsthand experiences with fraud in the cryptocurrency sector, leading them to develop solutions that integrate machine learning and human intelligence to combat online fraud.

SEON's platform offers digital footprint analysis, device intelligence, and a customizable AI-driven rules engine. These tools enable businesses across various sectors—including fintech, e-commerce, payments, and gaming—to proactively identify and mitigate potential threats. The company's solutions are designed for rapid integration, allowing businesses to implement fraud prevention measures swiftly.

As of 2024, SEON has expanded its global presence with offices in London, Austin, Budapest, and Jakarta, supporting over 5,000 businesses worldwide. The company has been instrumental in preventing over $200 billion in fraud-related losses and conducts more than 12 million fraud checks daily.

In April 2022, SEON raised $94 million in a Series B funding round led by Silicon Valley-based IVP, with participation from existing investors Creandum and PortfoLion. This funding has supported the company's expansion into new markets, including North America, Latin America, and the Asia-Pacific region, and has facilitated the enhancement of its product offerings.

SEON's client portfolio includes notable companies such as Revolut, NuBank, Afterpay, Patreon, Sorare, and Mollie, reflecting its position as a trusted partner in fraud prevention for leading fintech and digital businesses.

LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations