SEON Partners with Exist Software Labs to Expand Fraud Prevention and AML Capabilities Across Southeast Asia

In September 2026, SEON partnered up with Exist Software Labs to extend its fraud prevention and anti-money laundering tools to Exist's clients in the Philippines and across Southeast Asia. The agreement covers customers in banking, financial services, fintech, payments, eCommerce and iGaming, sectors facing growing compliance demands as more transactions move online.

Under the partnership, Exist will offer SEON's platform to its clients, including tools for fraud detection, risk scoring, customer and payment screening, transaction monitoring, identity verification, case management and reporting. It will also handle integration work so customers can deploy the system within their existing technology environments.

The partnership is also a part of SEON's broader push in Asia-Pacific, where it has expanded its presence over the past year. The company operates from several global hubs, including Singapore. Exist, based in the Philippines, has spent more than two decades providing software development, cloud, data and enterprise technology services. The move comes as cybercrime and financial fraud remain a growing concern for companies and regulators across Asia. Interpol data cited by the companies showed illegal cyber activity accounted for about a third of all recorded crimes in some Asian countries, underscoring pressure on businesses to strengthen checks around digital payments and customer onboarding.

The combined offering will target organizations that are managing large volumes of digital onboarding, payments and compliance processes across Southeast Asia's financial and online commerce sectors.

Impact on the ICT Market

Through this partnership, Exist is able to provide its clients with SEON's comprehensive platform, which includes fraud detection and risk scoring, customer and payment screening, AML transaction monitoring, identity verification, case management, and reporting. Thanks to Exist's expertise in engineering and integration, clients can implement SEON into their existing systems seamlessly, without starting from scratch. This partnership benefits organizations in banking, financial services, fintech, payments, e-commerce, and iGaming, sectors where digital transactions, customer onboarding, and compliance demands are increasing.

The Philippines has emerged as one of Southeast Asia's rapidly expanding digital financial markets, drawing more activity from banks, payments companies, and e-commerce platforms. This growth has led to higher exposure to fraud risks and increased focus on compliance controls. For Exist, the partnership enhances its offerings with fraud prevention and anti-money laundering tools, complementing its core software engineering and systems integration services. For SEON, it grants access to client relationships across sectors with high volumes of digital transactions.

Impact on Fraud Detection and Prevention in BFSI Market

The global fraud detection and prevention in the BFSI market was valued at USD 7.75 billion in 2025 and is growing at a CAGR of 14.15% over the forecast period. Additionally, the increasing complexity and sophistication of digital payments are driving BFSI institutions to adopt a continuous monitoring and risk-based approach to fraud prevention.

According to Precedence Research, the market is witnessing increasing access to fraud prevention technology through cloud delivery and managed services, as more SMEs gain access to what has until now been a market dominated by large institutions. There is increasing access to fraud prevention technology through cloud delivery and managed services, as more SMEs gain access to what has until now been a market dominated by large institutions.

Prevention of fraud is more than a set of rules and basic transaction checks. Financial institutions are adopting increasingly adaptive risk models that evaluate customers and transactions over the entire life cycle of a relationship, from account opening, authentication through transactions, payment monitoring, investigations, and recovery.

Impact on the AI in Fraud Management Market

The global AI in fraud management market size was calculated at USD 12.42 billion in 2024 and is expected to reach around USD 65.35 billion by 2034, expanding at a CAGR of 18.06% from 2025 to 2035.

According to Precedence Research, the increasing trends towards the online lifestyle and use of online applications and the rising cases of fraud, cyberattacks, and others are driving the demand for efficient and effective technology for fraud management. Artificial intelligence plays a vital role in fraud management. The integration of smart and modern technologies, such as AI and machine learning (ML) algorithms, can help detect and analyze anomalies that may indicate fraudulent activities.

The advancement in AI technologies, such as predictive analytics and automation, has further enhanced the efficiency of fraud management systems. Predictive analytics leverages large amounts of data to detect and analyze anomalies and patterns that are suspicious of fraudulent activities. Automation involves reducing information technologies and control systems to minimize human participation in operations. Automation offers efficient analysis and processing of large amounts of data. Thus, the integration of AI tools like predictive analytics and automation revolutionizes fraud management and drives the opportunity for the growth of the AI in fraud management market.

Expert Opinion

"Fraud and financial crime keep growing more sophisticated, but most organizations are still trying to manage that risk across tools that were never designed to work together," said Troy Nyi Nyi, SVP and GM, APAC, SEON.

"By combining Exist's engineering and integration expertise with SEON's real-time fraud prevention and AML technology, we're helping organizations in the Philippines and across Southeast Asia bring those signals into a single view and act on them faster."