Neural Technologies signs new fraud management deal in the Middle East
Neural Technologies, a leading provider of risk management software solutions, has signed a new fraud management deal with a mobile telecommunications' operator in the Middle East.
Date: 1st November 2011
The contract marks the fourth installation of Neural Technologies’ Minotaur Fraud Management Solution with one of the region’s leading mobile telecommunications' provider.
The solution will provide the operator with protection against a multitude of fraud types, providing profiling to combat fraud at subscription stage and monitoring for any suspicious activity throughout the customer lifecycle.
The Minotaur Fraud Management Solution combines multiple approaches, including neural predictive analytics, behavioural modelling, link analysis and identity matching techniques.
Its several stage detection process delivers more accurate fraud detection, significantly reducing false positive rates.
Minotaur also incorporates a powerful case management environment that facilitates the process of case investigation and enables proactive fraud identification through new innovative data mining functionality.
Commercial Director for Neural Technologies, Luke Taylor, said: “High penetration rates, strong competition and fraud in the Middle East are putting a strain on ARPU rates. Our fraud system and range of solutions help operators to minimise their losses and thus maximise revenues”.
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