DeeMoney, Thailand’s leading fintech for cross-border payments, has selected SEON as its fraud and compliance partner to strengthen real-time fraud and anti-money laundering (AML) protection across its high-volume remittance operations.
Licensed by the Bank of Thailand, DeeMoney has processed more than 260 billion baht across over 15 million transactions since its founding in 2017, serving customers from migrant workers and underbanked communities to entrepreneurs and businesses. It operates across more than 85 outbound markets and works with over 70 inbound partners, requiring near-instant screening and high system uptime across every transaction.
Consolidating fraud screening into a single system
DeeMoney said SEON stood out on three fronts: performance, with real-time screening and high uptime across its full transaction volume; consolidation, bringing transaction monitoring, fraud scoring and AML screening into a single rules engine; and continuity, with SEON migrating DeeMoney’s existing fraud rules from its previous vendor without disrupting live operations.
“Cross-border payments platforms like DeeMoney operate on speed and trust. Every transaction has to be screened in real time without slowing down the payout. That’s a hard requirement, not a nice-to-have,” said Troy Nyi Nyi, senior vice president and general manager for APAC at SEON. “We built this implementation around DeeMoney’s actual transaction patterns and data, so the fraud logic fits their business from day one.”
A foundation for expansion into new markets
“We created DeeMoney to make cross-border payments simpler and safer for our customers and partners,” said Aswin Phlaphongphanich, co-founder and chief executive of DeeMoney. “Partnering with SEON strengthens that promise, giving us real-time fraud protection as we grow into new markets and launch new products.”
The partnership gives DeeMoney a foundation to expand its fraud and compliance coverage as it launches new product lines and enters additional markets across the region.
