back Back

Seon acquires AML firm Complytron to fight FinCrime

By Gloria Methri

February 07, 2023

  • AML Compliance
  • Complytron
  • Financial Crime Detection Systems
Share

SEON, AML, fraud fighting, Hungary, FinCrime, Compliance, International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition adds AML capabilities to SEON’s fraud-fighting toolkit and signals a new focus on financial crime prevention for the growing business.

As a result of the acquisition, SEON now offers a vital single source for FinCrime intelligence combined with decision functionality to help address evolving regulatory requirements.

Speaking on the acquisition, and the launch of the AML capability, Tamas Kadar, co-founder and CEO of SEON commented, “Our goal at SEON has always been to deliver the best solutions to our customers. Rather than building an AML solution from the ground up, it made perfect sense for us to acquire Complytron’s extensive and innovative algorithms and worldwide databases – as well as the expertise of its talented team.

Oliver Lebhardt, CEO of Complytron and current Product Manager of AML at SEON added, “We have watched the SEON story unfold, keeping up with the business alongside its exciting growth trajectory. It is now great to be a part of the mission and to play a role in combining fraud prevention and AML tools into a single source. This acquisition represents a major step in the battle to reduce FinCrime and will help sectors such as FinTrvh online lending, gaming, neobanking, e-commerce, and travel, to prevent criminal activity via their platforms.”

The new solution, which is already available for use, is quick to install and delivers immediate benefits, combining APIs for real-time insights, and instantly sending out notifications should an individual’s risk status change.

As part of the deal, SEON acquires full rights to Complytron’s innovative technologies, as well as the company’s staff, including its dedicated AML team. Notably, Complytron’s co-founder and CEO, Oliver Lebhardt, will join SEON along with co-founder and UX lead, Abris Gryllus and his expert team.

Previous Article

February 07, 2023

Mobily expands Mobily Pay services in partnership with Ericsson

Read More
Next Article

February 07, 2023

Microsoft to invest in new cloud datacenter regions in Saudi Arabia

Read More






IBSi Daily News Analysis

May 28, 2024

AML Compliance

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Engine by Starling integrates Ozone API into SaaS solution

Read More

Today

Newgen brings LumYn, a Gen AI-Powered Platform for Banks

Read More

May 29, 2024

5 Major FinTech Acquisitions announced in Europe in May 2024

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023