Subex, a leading telecom analytics solution provider, announced that it has been selected by ElevenPaths, Telefónica Cybersecurity Unit to offer a Fraud Management-as a- Service (FMaaS) solution.
The agreement between Telefonica and Subex will result in the new ’Telefonica FMaaS Powered by Subex’ to protect against a comprehensive set of digital risks and threats, along with a library of fraud detection processes. The solution addresses Subscription Fraud, Internal Fraud, Premium Rate Service Fraud (PRS Fraud), and International Revenue Share Fraud (IRSF), amongst others.
Additionally, ROC Fraud Management technology deployed by Subex will deliver the ability to deploy client-specific detection processes, techniques and strategies, based on particular business needs at each site.
Surjeet Singh, CEO & MD, Subex
In the process of undergoing digital transformation, organizations today foresee emerging threats and newer frauds, due to which customers are demanding real-time and proactive fraud management solutions.
Pedro Pablo Perex Garcia, CEO, ElevenPaths
Subex’ capabilities together with ElevenPaths’ expertise in the development, deployment and operation of antifraud products and services across the world, will enable us to deliver customised Fraud Risk & Business Resilience though a best-of-breed Adaptive & Convergent Fraud Risk Management Solution.
