Case Study: Hype.it reduces onboarding costs with SEON

Neobank HYPE Reaches 90.06% Auto-Approval Rate to Onboard Better Fintech Customers

Hype, a digital bank in Italy, struggled with costly manual reviews and failed identity verification checks as it scaled. They needed an automated way to manage increasing applications and block high-risk users early. They chose SEON for its transparent risk scoring and custom rules capabilities to address this challenge.

By implementing SEON’s fraud prevention tools, Hype gained granular control over its risk strategy. The solution used IP analysis, digital footprinting, and device intelligence to block fraudsters before the costly verification stage. This resulted in a 90.6% auto-approval rate, major operational cost savings, and a faster, frictionless onboarding experience for genuine customers.

Hype.it

Martina Virgilio

Anti-Financial Crime Manager