KaR-Tel, Kazakhstan’s second largest mobile operator, has installed Neural Technologies’ fraud management solution as part of a framework deal between Neural Technologies and VimpelCom, KaR-Tel’s parent company.
VimpelCom has been successfully using Neural Technologies’ Minotaur™ solution in its Russian operations since 2002 and KaR-Tel is the first of its numerous affiliates to benefit from the increased fraud protection the solution provides. So successful has Minotaur™ been in detecting fraud on the Kazakhstan operator’s network, that it has achieved return on investment within just five weeks of operation.
Andrey Maneshin, Director of Fraud Management & Revenue Assurance, for VimpelCom stated, “Minotaur™ has consistently produced results for us. Over the years it has substantially improved the accuracy of our fraud identification. The solution has kept pace with our tremendous subscriber growth and has proved to be a sound return on investment. The decision to roll out the solution to our affiliates was an easy one and the results are already exceeding our expectations”.
Luke Taylor, Commercial Director for Neural Technologies stated, “Over the years we have worked closely together with Andrey and his team to achieve great strides in loss management. We are delighted to be able to extend that capability to reduce revenue loss for the company’s affiliates. VimpelCom’s proactive approach to tackling fraud has allowed us to effectively work together to ensure together we remain one step ahead of fraud. We are proud to be associated with such a professional team and well-respected company”.
About Neural Technologies (www.neuralt.com)
Neural Technologies (Nt) has established itself as a leading provider of risk management solutions to the telecommunication and financial sectors. Formed in 1990, the company has built upon a foundation in neural analysis and design to provide quality products that increase bottom-line returns for its customers.
Nt’s solutions enable organisations to profile potential and existing customers, to minimize financial risk to their business. They offer comprehensive risk management capability in the areas of fraud, bad debt, customer attrition and collections, from the initiation of service through to collection of payment.
Nt has a customer base of around 40 organisations worldwide, comprising AT&T, Sprint, Brasil Telecom, MTN, T-Mobile, Zain, Telkom SA, Orange, 02, TDC, GE Money, SFR, PTK Centertel, Vivatel, DiGi Malaysia, Axtel and Digitel.
Nt is based in the UK, with offices in the US, Asia Pacific and Latin America.
About VimpelCom (www.vimpelcom.com) & KaR-Tel www.k-mobile.kz
The VimpelCom Group (NYSE:VIP) is a telecommunications operator, providing voice and data servicing, covered through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 250 million.
As of December 31, 2007, VimpelCom’s total number of active subscribers in Russia and the CIS was 51.7 million (including 42.2 million in Russia, 4.6 million in Kazakhstan and 1.9 million in Ukraine).
KaR-Tel, Kazakhstan’s second largest mobile operator, was acquired by VimpelCom in 2004. Kazakhstan borders Russia, Uzbekistan, Turkmenistan, Kyrgyzstan and China. With a population of approximately 15 million, the country has the second highest GDP per capita in the CIS (after Russia).