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Hosted solution to
provide rapid world-class fraud-detection capability with significantly
lower costs
August 31, 2005, London - Azure Solutions, the global telecoms
revenue assurance company, today announced the availability of its
industry-leading Fraud Bureau Service to telecoms operators in the
Asia-Pacific region. Operators in Asia
Pacific are currently losing 13.8 per cent of revenue on average though
leakage compared to 4.8 per cent in western Europe (Azure Solutions/Analysys
2004). One of the main causes of loss is the large-scale fraudulent
avoidance of paying international direct dialing (IDD) and
long-distance fees.
The Azure Fraud Bureau is the world�s largest bureau service and is
already being used by BT internationally and number of operators in
central Asia. It is a fully-hosted service providing operators with the
capability to monitor fraud on a 24/7 basis without the associated
capital expenditure of installing an in-house fraud solution. The
service is paid for on a monthly
basis which eliminates annual licence, maintenance and hardware charges.
It can be deployed as a fully or partially outsourced solution with the
result that operators can efficiently manage costs and resources but at
the same
time have effective fraud-detection capability in place.
The Azure Fraud Bureau Service is powered by Azure�s Fraud Control
System, which utilises the very latest intelligent and unique
fraud-detection technology, and accepts multiple data feeds to allow all
types of product or service (fixed, mobile, interconnect, IP, etc) to be
monitored. The unique features of the system provide operators with many
benefits including
the ability to:
- flexibly configure,
control and define fraud detection rules, enabling rapid system change
for new services or types of data
- identify fraudsters and
criminal activity through event fingerprinting
- monitor SMS and IP
content to provide fraud detection for m-commerce and next-generation
technologies.
"The communications
industry has long been waiting for a comprehensive fraud bureau service
from a credible supplier" says David Pullen, CEO of the specialised
fraud and revenue assurance consulting company, FML. "Azure has
a proven capability in massive bureau implementations with very high
security standards in place to meet the demands of its client base -
this should overcome the fears that many have about protecting sensitive
data. Access to a functionally-rich solution that is remotely hosted
brings the opportunity for genuine outsourcing to communications fraud
management and
finance teams globally."
John Cronin, president and CEO of Azure Solutions, said: �Detecting
fraud is a key part of any revenue-assurance program, especially in
emerging markets such as Asia-Pacific. The Azure Fraud Bureau service
provides operators with cost-effective 24/7 fraud-detection capability,
enabling them to protect revenues on both current and next-generation
services without the
upfront pressures of any capex.�
About Azure Solutions (www.azuresolutions.com)
Azure Solutions is the world�s largest revenue-assurance company. It
is headquartered in London, with people in Westminster (Colorado),
Ipswich, Paris, Frankfurt, Madrid, Barcelona, Islamabad, Kuala Lumpur,
Jakarta, Singapore, Sydney, Melbourne and Mexico City. Azure�s
end-to-end revenue-assurance product portfolio for current-generation
networks includes Data Integrity, Wholesale and Interconnect Billing,
International Settlements, Fraud Management, Mediation, Management,
Translation and Rating, Event Integrity and Route Optimisation. Azure
has launched Azure
Inter-Party Management and Azure Fraud Control System as the first
products in its next-generation portfolio. Azure provides individual
products or complete revenue-assurance solutions using a common platform
and any combination of products that a customer might need. Customers
can choose a system that they own and operate themselves or a bureau
that Azure manages on their behalf. Azure has over 60 customers across
the world comprising PTTs, mobile operators, national operators,
carrier�s carrier and cable TV companies. Azure has significant carrier
experience and understands the
problems faced by all these operators.
The company�s heritage can be traced back to BT in the early 1990s.
Azure was spun out of BT in April 2003 and is backed by New Venture
Partners, Doughty Hanson Technology Ventures and Intel Capital. Recently
Azure won the �Best Revenue-Assurance Project� award at the World
Billing Awards 2005 in London, and �Most Promising Company� at the
TeleStrategies Billing & OSS World Excellence Awards 2005 in
Philadelphia.
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