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Indonesia has already embraced new, innovative technologies related to FinTech and digital assets and is spearheading the digitalisation push in South-East Asia. Yet, at the same time, millions of adults in the country are not formally banked and have little access to lending. In many ways, it is a highly advanced economy that nonetheless has many of the characteristics of a third-world country.
With the help of technology, fraudsters’ arsenal has become more sophisticated over the years. Fortunately, so have the tools of fraud fighters. SEON has risen to rank among the most successful Hungarian startups by providing fraud prevention solutions to a wide range of businesses. Tamas Kadar, co-founder and CEO of the company, explained to us what underlying dangers digitisation brings, and how leveraging Big Data can help us take on a new generation of fraudsters.
Non-banking FinTech companies are on a similar quest – correcting the inefficient elements of traditional financial services have, for many, been a recipe for success. What gives an edge to these firms and startups is that they make the customer experience the focus of their services, as they try to change the narrative around finance and restore the trust that has been lost between customers and service providers.

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