The Velocity of Risk and the Explosion of APAC Payment Methods

At the Money20/20 Asia event in Bangkok, the primary challenge identified in the financial landscape was the incredible velocity of transactions coupled with a massive explosion in the diversity of payment solutions. Matt Delauro, President at SEON, noted that while the proliferation of new payment methods in the APAC region has provided more options for consumers, it has significantly complicated the environment for merchants and payment providers. This complexity has inadvertently created gaps that make it easier for fraudsters and financial criminals to operate across different platforms. SEON is helping clients respond to this shift by providing tools that can keep pace with this transaction velocity while securing a fragmented payment landscape.

By addressing these vulnerabilities, SEON allows institutions to regain control over their risk management without slowing down the customer experience. As new payment rails continue to emerge across the region, the ability to identify suspicious patterns in real-time becomes critical. SEON’s approach focuses on simplifying the oversight of these diverse methods, ensuring that the convenience of modern payments does not come at the cost of institutional security or regulatory compliance.

For banks and fintechs adopting these solutions over the next 12 months, the results center on significant cost savings and proactive threat detection. Clients can expect to see a substantial reduction in their overall KYC (Know Your Customer) costs as automated systems streamline the verification process. Furthermore, the technology enables the early discovery of bad actors, identifying them as soon as they make initial contact with the institution. This early-cycle detection prevents criminals from progressing deeper into the financial system, allowing banks and fintechs to operate with greater confidence and efficiency in a high-velocity market.

Key Highlights from Matt Delauro:

• Transaction Velocity: Delauro highlights the rapid speed of transactions in APAC as a defining characteristic of the current financial year.

• Payment Diversity: The explosion of new payment methods is creating both opportunities for consumers and significant complexities for merchants.

• The Fraud Gap: How the diversity of payment solutions has made it easier for financial criminals to exploit system vulnerabilities.

• KYC Cost Reduction: Banks and fintechs can expect a major decrease in the costs associated with identity verification and compliance.

• Early Actor Discovery: A look at how SEON identifies bad actors at the point of first contact, preventing fraud before it scales.

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