Subex is partnering with Telefónica to provide the latest version of ROC Fraud Management. As part of the engagement, the operator will be deploying Subex’s ROC Fraud Management, to all opcos in Telefónica’s Hispam unit: Argentina, Chile, Venezuela, Ecuador, Mexico, Peru, Uruguay, and Colombia.
Telefónica is widely recognized as one of the most innovative companies on the digital front, by consistently providing its customers with trusted and secure new-age offerings. As a torchbearer of combatting fraud, Telefónica was keen to find the right partner that would enable them to transcend from fraud detection and management to a proactive fraud prevention approach.
Through ROC Fraud Management, Telefónica can leverage the solution’s Big Data Hadoop architecture to reduce fraud detection time, improve scalability, and ease integration with Telefónica’s local data lakes. The solution will also enable Telefónica to reduce the Total Cost of Ownership (TCO), owing to its Open Source capabilities, and its low hardware footprint. Finally and more importantly, Telefónica can leverage the AI/ML and Signaling Intelligence capabilities of ROC Fraud Management to detect and prevent traditional and new-age frauds across voice, data, and digital services.
According to GSMA, the Latin America market is growing at a promising rate, with a total mobile subscriber base of 440 million and an estimated penetration rate of 73% by 2025. This growth has also led to an increase in the overall digital engagements for the region. However, what this trend has also resulted in is an increased number of targets for cybercriminals to mark through means such as identity theft, social engineering and extortion.