|
| Monday, 21 December 2020, 17:00 HKT/SGT | |
| |  | |
Source: Subex | |
|
|
|
|
| Will deploy ROC Fraud Management to all opcos in Telefonica's Hispam unit |
LONDON, Dec 21, 2020 - (ACN Newswire) - Subex, a pioneer in the space of Digital Trust, announced a partnership with Telefonica, one of the largest mobile network providers in the world, to provide the latest version of ROC Fraud Management. As part of the engagement, the operator will be deploying Subex's ROC Fraud Management, to all opcos in Telefonica's Hispam unit: Argentina, Chile, Venezuela, Ecuador, Mexico, Peru, Uruguay, and Colombia.
Telefonica is widely recognized as one of the most innovative companies on the digital front, by consistently providing its customers with trusted and secure new-age offerings. As a torchbearer of combatting fraud, Telefonica was keen to find the right partner that would enable them to transcend from fraud detection and management to a proactive fraud prevention approach.
Through ROC Fraud Management, Telefonica can leverage the solution's Big Data Hadoop architecture to reduce fraud detection time, improve scalability, and ease integration with Telefonica's local data lakes. The solution will also enable Telefonica to reduce Total Cost of Ownership (TCO), owing to its Open Source capabilities, and its low hardware footprint. Finally, and more importantly, Telefonica can leverage the AI/ML and Signaling Intelligence capabilities of ROC Fraud Management to detect and prevent traditional and new-age frauds across voice, data, and digital services.
According to GSMA, the Latin American market is growing at a promising rate, with a total mobile subscriber base of 440 million and an estimated penetration rate of 73% by 2025. This growth has also led to an increase in the overall digital engagements for the region. However, what this trend has also resulted in is an increased number of targets for cybercriminals to mark through means such as identity theft, social engineering and extortion.
Commenting on the partnership Shankar Roddam, Whole-Time Director & Chief Operating Officer, Subex, said, "This win marks another chapter in our long-standing relationship with the Telefonica group. It is extremely positive to see Telefonica, one of the largest operators in the world, taking such proactive measures to combat telecom fraud. It gives Subex immense pride to be working with them to protect their customers, in addition to our existing partnership with Telefonica's cybersecurity venture. Subex was selected post a very competitive and diligent evaluation process, which pitted us against all other fraud management vendors in the market."
Miguel Sancho Caceres, Deputy Global Director of Security, said, "Improving our effectiveness in the fight against fraud is one of the key priorities for us at Telefonica. Towards this goal, we consider it imperative to ensure that our services are equipped with state-of-the-art fraud prevention capabilities. To make this reality, we are pleased to partner with Subex and deploy the latest version of their ROC Fraud Management solution. This will ensure much faster processing and detection times, providing far more flexibility, easier access, and agility to our business operations."
Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com
Related Links
Subex https://www.subex.com/
Fraud Management https://www.subex.com/fraud-management/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70600
Topic: Press release summary
Source: Subex
Sectors: Telecoms, 5G, CyberSecurity
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Mr Liu Xiaojun, on behalf of Fufeng Group, has fully completed the acquisition of Viva World Trade, Inc.
Feb 7, 2026 05:45 HKT/SGT
|
|
|
GIC Invests US$100M in Ascletis Pharma (1672. HK): Anchoring Long-Term Capital in China's Core Innovative Drug Assets
Feb 6, 2026 17:45 HKT/SGT
|
|
|
GIC Private Limited initiated a stake in Ascletis Pharma (01672) by 64,128,000 shares at a price of HKD 12.18 per share
Feb 6, 2026 17:01 HKT/SGT
|
|
|
COSMOPlat Introduces Full-Stack AI to Hong Kong for Trillion-Dollar Industrial Digitalization
Feb 6, 2026 16:34 HKT/SGT
|
|
|
Everest Medicines Announces China NMPA Approval of VELSIPITY(R) for Adults with Moderately to Severely Active Ulcerative Colitis
Feb 6, 2026 14:17 HKT/SGT
|
|
|
Spritzer Celebrates Continued Excellence with Dual Recognition at Putra Brand Awards 2025 and Superior Taste Award 2025
Feb 6, 2026 13:13 HKT/SGT
|
|
|
Mitsubishi Motors Launches the All-New Versa Van in the Philippine Market
Friday, February 6, 2026 12:34:00 PM
|
|
|
Eternal Beauty Holdings Limited and Lane Crawford Debut Landmark Fragrance, Further Expanding Footprint in High-Margin Niche Fragrance Market
Feb 6, 2026 12:21 HKT/SGT
|
|
|
Distinct Healthcare Successfully Listed on HKEX, Bolstered by Premium Customer Base and All-Star Cornerstone Investors
Feb 6, 2026 11:44 HKT/SGT
|
|
|
Establishment of the World's First*1 Global Supply Chain to Introduce the Use of Renewable Plastics in Sony's High-Performance Products
Friday, February 6, 2026 10:50:00 AM
|
|
|
|
|
More Press release >> |
|
|
|
