Fraud prevention platform SEON is deepening its presence in Indonesia by establishing local data infrastructure to help digital banks and lenders meet Otoritas Jasa Keuangan (OJK) compliance requirements.

Increased adoption across digital banking, lending and payments is driving SEON’s expansion in Indonesia. The company projects revenue in the market to double year-on-year in the 2026 financial year.

The new in-country data processing capabilities allow financial institutions to make real-time risk decisions while adhering to local data sovereignty rules.

SEON offers a single platform for detecting and investigating fraud risks without requiring internal development cycles to tune rules.

“Indonesia is one of the most dynamic fintech markets in the world,”

said Troy Nyi Nyi, Senior Vice President and GM at SEON.

“We have established a strong local presence with infrastructure, a growing partner network and customers operating at scale, and we are supporting institutions as they invest in more advanced risk and compliance systems.”

The expansion coincides with a surge in digital financial activity and associated risks in the country.

Indonesia’s digital financial services sector continues to expand, with the digital economy projected to approach US$120 billion in 2026.

At the same time, fraud risks are increasing.

Bank Indonesia reported 4.67 billion digital payment transactions in February 2026, up 40.35% year-on-year. The OJK Anti-Scam Centre had received 448,442 reports and blocked 415,385 accounts as of 31 January 2026.

Local organisations are also upgrading their transaction monitoring and anti-money laundering processes in response to rising scam volumes.

To address these challenges, SEON is hosting RiskTech Connect in Jakarta on 28 April 2026.

The event will focus on AI applications for strengthening fraud defences, transaction monitoring, and onboarding procedures for the financial sector.

Featured image credit: Edited by Fintech News Indonesia, based on image by freepik