Telefónica and Subex sign a global framework agreement to provide a disruptive 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 with the power of cloud whilst they transform themselves for the 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. 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.

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