ElevenPaths and Subex sign a global framework agreement to provide a disruptive FMaaS solution
Subex Limited, a leading telecom analytics solution provider, has been selected by ElevenPaths, Telefónica’s Cybersecurity Unit to offer a Fraud Management-as-a- Service (FMaaS) solution.
Madrid, June 18, 2017.- Subex Limited, a leading telecom analytics solution provider, has been selected by ElevenPaths, Telefónica’s Cybersecurity Unit to offer a Fraud Management-as-a- Service (FMaaS) solution. Telefónica is one of the world’s largest telecommunications companies, with a global presence in 21 countries and an average of 125.000 professionals and 350 million accesses.
The agreement between Telefónica and Subex will result in the new ’Telefónica 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.
“We are excited to partner with Telefónica for enabling Subex’s industry leading ROC Fraud Management Solution. 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. This partnership is an important step to make our customers more successful in the years to come whilst they transform themselves for Digital Journey ahead” said Surjeet Singh, CEO & MD, Subex Limited.
“We are delighted with our partnership with Subex, a global leader in managing fraud in the digital world. Compared to traditional solutions, the enablement of FMaaS will ensure much faster deployment times, providing far more flexibility, easier access and agility, to our business operations and telco partners. 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 customized Fraud Risk & Business Resilience though a best-of-breed Adaptive & Convergent Fraud Risk Management Solution. This, in turn, will help our customers deal with fraud risks more quickly and effectively”, said Pedro Pablo Perez García, CEO of ElevenPaths.
At ElevenPaths, Telefónica Cyber Security Unit, we believe in the idea of challenging the current state of security, an attribute that must always be present in technology. We are always redefining the relationship between security and people, with the aim of creating innovative security products which can transform the concept of security, thus keeping us one step ahead of attackers, who are increasingly present in our digital life.
About Subex Limited
Subex Ltd. is a leading telecom analytics solutions provider, enabling a digital future for global telcos. Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs so to globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimize enterprises.