Subex helps Tier 1 APAC operator to save $2 mn

Tier 1 APAC Operator saves $2million in the very first month using Subexs ROC Fraud Management solution.

Subex had recently launched inline controls in its ROC Fraud Management v7.4 for preventing subscription fraud, transaction fraud and handset loss. This version, implemented at a Tier 1 APAC operator to prevent Point of Sale (POS) fraud, has enabled the operator to save $2million. It also benefited the operator with its fraud hit ratio of 62% (avg) in a month.

We are extremely pleased with the benefits our industry leading ROC Fraud Management solution provides and the recent success at the Tier 1 APAC operator is a true testimony of the huge potential and value the solution delivers, confirms Vinod Kumar, President at Subex.

With increasing involvement of telecom operators in money transactions (e.g. mobile money services); it is imperative for operators to have strict policy controls to not only detect, but prevent fraudulent transactions. According to the release, the inline controls not only prevent POS fraud but also helps operators validate any transaction request in real time and prevent fraudulent transactions from being processed.