Tech “passport” to help startups work with big banks

Startups often shy away from working with big banks because the procurement process is so long. But now a new service is aiming to speed things up.

Budapest-based startup SEON makes software that detects fraud by analysing customers’ social media footprints — a useful addition to the conventional fraud detection arsenal.

It sells its services to online gambling companies, cryptocurrency companies, online retailers and travel agents and has proved particularly popular with challenger banks racing to sign up new customers.