Densan System’s decision to onboard SEON’s solution reinforces the company’s commitment to upholding the highest levels of security across its exciting PayLabo platform. The new platform, which was launched earlier this year, offers a comprehensive payment service tailored to users across the APAC region, helping to consolidate various payment options into one simple, cost-effective solution.

With SEON’s support, PayLabo users can benefit from this convenience without having to worry about trade-offs in terms of security. The company’s multi-layered fraud prevention solution leverages machine learning and a true AI brain to provide end-to-end cybersecurity support for PayLabo users, which includes transaction monitoring, device fingerprinting, and relevant risk assessments designed to mitigate the occurrence of unauthorized use.

While serving over 5,000 customers across 30 countries, SEON’s partnership with Densan System marks its first introduction to a payment service provider’s (PSP) platform in Japan. Akin to other parts of the world, individuals and businesses across the region are increasingly reliant on cashless transactions when navigating the digital commerce landscape and as such, need access to robust payment methods they can truly trust.

With SEON’s support, the PayLabo platform has been able to offer this to users from its launch. SEON’s scalable end-to-end solution has helped the platform to stay ahead of modern fraud attacks without adding unnecessary friction to the payment process. In turn, this has allowed PayLabo to ensure safe transactions and prevent account takeovers, while meeting users expectations in terms of payment speed and convenience.

Speaking on the new partnership, Tamás Kádár, CEO and co-founder of SEON commented: “I’m very excited to see SEON’s solution onboarded by a major player in the Japanese market, such as Densan System. We want to help businesses across the region benefit from the highest levels of fraud prevention and cybersecurity performance. With SEON’s support, that ambition is possible. This project is a great example of that in action.

“Right now, we have over 150 product development engineers working to further build and refine our innovative system. As a business, we’re conducting over six million fraud checks every single day and conducting more than 100 million each month. We’re helping to support businesses across the globe, giving them a helping hand to get a grip on this growing issue, which continues to affect companies across a wide range of sectors.”

Building on the momentum of a successful partnership announcement, SEON is now poised to attain more growth in the global payments sector. The company’s proven track record of effectively scaling operations in both Europe and North America underscores the viability of this venture. Furthermore, the notable advantages SEON has brought to the PayLabo platform looks set to significantly enhance its expansion efforts.