StarHub selects Neural Technologies Fraud Management System
Risk management and analytics expert Neural Technologies today announced that it has won a contract with StarHub, Singapore’s first fully integrated info-communications company. The deal is valued at approximately USD$1 million and is the first strategic collaboration between Neural and StarHub.
Date: 1st June 2015
StarHub is the second largest telecommunications company in Singapore. The company provides a full range of information, communications and entertainment services for both consumer and corporate markets and operates a mobile network that provides 4G, 3G and 2G services.
StarHub required a replacement for its fraud management system and ran a competitive tender which Neural won. The new supply agreement with Neural Technologies will provide comprehensive protection against a broad range of fraud types throughout StarHub’s entire business.
Neural Technologies’ solutions are focused on investigating and analysing fraud activities via a single, flexible platform. They are interoperable with the industry’s most popular business tools and common IT platforms. A number of big operators worldwide rely on Neural’s platform for anti-fraud activities and StarHub will benefit from both Neural’s expertise in minimising financial risks for businesses as well its unique pricing model which provides customers with software version upgrades for free.
Stephen Kai Sui, Group Chief Executive Officer at Neural Technologies Ltd commented: “It’s a real privilege to work with StarHub. Singapore is regarded worldwide as an innovative market, and we think that the installation of our Minotaur Fraud Management system here will be a great example to operators in other regions facing similar challenges. This new deal continues to extend our global network of customers and, on Neural Technologies 25th anniversary year, it reinforces our position as the risk management software provider of choice for global companies.”
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