Case Study: NOTYD cuts fraud by 87% with SEON

Biller Accelerates B2B Lending from 4 Days to 10 Seconds With an 87% Drop in Fraud Rates

NOTYD, a B2B Buy Now, Pay Later company, faced significant challenges in managing default risk and customer onboarding. Their lengthy, manual credit assessment process created friction and was a bottleneck for operations. To address this, they turned to SEON’s digital footprinting capabilities for a more efficient solution.

By integrating SEON, NOTYD instantly filtered out fraudsters and used the data to enhance their credit scoring system with custom rules. This solution led to a dramatic 87% drop in fraudulent transactions and a 93% reduction in manual review times. The implementation with SEON was also 70% quicker than with other providers, allowing for rapid, frictionless lending decisions.

Biller

Coert Snyman

Senior Analyst