SEON eyes doubling Indonesia revenue as fraud risk rises

SEON expects its Indonesia revenue to double year on year in FY26, describing the country as one of its fastest-growing Asia-Pacific markets.

Over the past year, the fraud prevention and anti-money laundering provider has expanded its customer base across digital banking, lending and payments. It has also set up local data infrastructure for in-country processing in line with requirements set by Otoritas Jasa Keuangan, Indonesia's financial regulator.

The expansion comes as Indonesia's digital finance sector grows rapidly and faces heavier fraud pressure. Financial institutions are contending with rising scam activity while regulators push for stronger fraud and anti-money laundering controls.

Greater use of SEON's fraud and AML platform, along with tighter regulatory requirements, is driving demand in the market. The system combines fraud detection, investigations and compliance in a single platform, and lets financial institutions adjust rules and workflows without waiting for software development cycles.

Indonesia's digital economy is projected to approach $120 billion in 2026, according to figures cited by SEON. Bank Indonesia reported 4.67 billion digital payment transactions in February 2026, up 40.35 per cent from a year earlier. OJK said its Anti-Scam Centre had received 448,442 reports and blocked 415,385 accounts as of 31 January 2026.

Those figures underscore the scale of the challenge for banks, lenders and payments groups operating in the country. As online transactions rise, fraud prevention has become more central to day-to-day operations, especially for businesses balancing customer onboarding, transaction monitoring and compliance demands.

SEON has worked with industry partners in Indonesia to help local organisations strengthen fraud prevention and risk management. That work has addressed threats ranging from coordinated attacks to rising scam volumes and tighter regulatory expectations.

"Indonesia is one of the most dynamic fintech markets in the world. Fraud is becoming more sophisticated and expectations are rising across the board," said Troy Nyi Nyi, Senior Vice President and GM, SEON.

SEON has been building its regional presence from its Asia-Pacific headquarters in Singapore. Its broader APAC strategy includes expanding its partner network and working with local implementation and compliance partners to support financial institutions navigating Indonesia's regulatory environment.

Local Processing

The decision to establish local infrastructure reflects the importance of data handling rules in Indonesia's financial sector. In-country processing can be a significant factor for providers serving regulated institutions, particularly where supervisors expect tighter oversight of customer information, fraud signals and compliance records.

For SEON, local processing also supports real-time decision-making for financial institutions in the market. That is particularly important in sectors such as digital banking and payments, where fraud checks often need to take place within seconds during onboarding or at the point of transaction.

Regional Focus

Indonesia's scale makes it a key market for financial technology providers across Southeast Asia. A large population, rapid digital adoption and strong transaction growth have made the country attractive, but those same trends have also created more openings for scams, account abuse and payment fraud.

That backdrop has prompted many financial institutions to review how they manage fraud and AML controls. Providers such as SEON are targeting demand from banks and fintech groups seeking systems that can handle checks across customer acquisition, transaction screening and case management in a more integrated way.

SEON says its platform draws on more than 900 real-time first-party data signals to assess customer profiles, identify suspicious behaviour and support compliance workflows. It operates globally from Austin, London, Budapest, Jakarta and Singapore.

"We've established a strong local presence - with infrastructure, a growing partner network and customers operating at scale - and we're supporting institutions as they invest in more advanced risk and compliance systems," said Nyi Nyi.