KT and Portugal-based WeDo Technologies signed an agreement for AI-FMS (Artificial Intelligence based Fraud Management System) development and sales.
KT and WeDo Technologies collaborate on using Artificial Intelligence to detect fraud KT's DL (Deep Learning) based AI module has been implemented and tested on WeDo's RAID FMS system. This AI module, trained with KT Big Data, has showed strong results for fraud detection and prevention, and proved to be highly efficient and effective for a number of fraud use cases, with very high accuracy, claims WeDo Technologies.
KT and WeDo plan to supply the AI-IRSF (AI based International Revenue Share Fraud) module with the RAID platform to CSPs (Communication Service Providers) by the end of the year. AI-IRSF is an AI system that prevents a fraud that involves hacking of IP-PBX (IP telephony exchange) to generate illegal calls to international numbers.
KT will develop and supply more AI based FMS modules to integrate with WeDo's Fraud and Risk Management system. Additional AI based modules will also run on the WeDo's system, and the modular capability of RAID will allow CSPs to choose from different fraud detection models for their market similar to how one chooses applications from a smartphone app store. The open architecture of RAID will also allow other CSPs to develop their own models as well.
Young Woo Kim, SVP, Head of Global Business Development Unit, KT
Within the Cooperation Agreement with WeDo, KT's AI and Big Data technologies combined with WeDo's Global FMS Market ability will become the very successful first step toward global AI market advancement.
Rui Paiva, CEo, WeDo Technologies and Cheif of Revenue Assurance & Fraud Management Business Unit & CMSO, Mobileum
This Cooperation Agreement with KT, is a landmark development for the fraud management market, in a path to provide deep AI fraud prevention capabilities, successfully tested with real life data, to the wider community
