back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Sorare, the fantasy sports platform, selects SEON fraud prevention solution

By Joy Dumasia

December 03, 2021

  • Europe
  • Fantasy Football
  • FinTech
Share

SEON, the fraud fighters, announced a partnership with Sorare, a French start-up company for fantasy football, to stop fraud within their referral program. Sorare will implement SEON’s winning combination of onboarding monitoring, device fingerprinting, and tailored risk rules to prevent referral fraud and protect its vast portfolio of NFTs.

Sorare works with over 180 football organisations, including major international clubs such as Real Madrid, Liverpool and Juventus. The company recently received a $680 million funding round led by Japan’s SoftBank, which uses blockchain technology to transform the online football fandom.

Customers can buy and sell officially licensed cards representing football players as NFTs and build and manage teams to compete against each other. Each digital card is registered as a unique token on the Ethereum blockchain, and every transaction is recorded on the Ethereum blockchain to ensure its authenticity. The recent funding marks the most significant Series B ever in Europe, and the partnership is a testament to SEON as the top choice in fraud prevention for Sorare.

Sorare’s competitive referral program rewards team managers for actively recruiting new members to their clubs. To detect and prevent fraud within the program, Sorare will deploy SEON’s Fraud API, which consists of Email API, Phone API, IP API, and Device Fingerprinting module.

Brian O’Hagan, Growth Lead at Sorare, said: “Sorare has an advanced platform built on new, powerful technologies like blockchain. Traditional fraud platforms built for old enterprise networks just didn’t make sense for the speed and scale of our business. We were able to quickly get up and running with the SEON Customer Success team, which we now count on as our fraud team.”

Tamas Kadar, Co-Founder and CEO of SEON, said: “Sorare is innovating and driving the future of NFTs with its blockchain collectables. We worked closely with the Sorare team to identify vulnerabilities and create tailor specific rules and risk scores using our comprehensive Fraud API to detect and prevent abuse in their unique platform.”

Previous Article

December 03, 2021

Netcoins hires Ankit Anne as Director of Strategy & Operations

Read More
Next Article

December 03, 2021

AppTech Corp. appoints Ben Jenkins as Chief Technology Officer

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

Europe

The Weekly Wrap: all you need to know by Friday COB | August 19th

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

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

Wirex introduces new payment methods, SEPA Instant and Faster Payments

Read More

August 19, 2022

Ebang International and Mastercard to launch new Ebonex crypto-linked cards

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

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 2022