Financial Crime World

COOK ISLANDS LEADS THE WAY IN FIGHT AGAINST FRAUD WITH NEW TECHNOLOGY

Telecom Cook Islands Deploys Advanced Fraud Management System

Telecom Cook Islands (TCI) has taken a significant step in combating fraudulent activity by deploying a cutting-edge fraud management system, provided by XINTEC. The innovative technology uses advanced analytics to analyze fixed and mobile switch call records, enabling the detection and prevention of various types of fraud.

FMSlite Roaming Fraud Detector Module

The system, known as FMSlite Roaming Fraud Detector Module, is designed to overcome the challenges of roaming-related fraud by providing real-time monitoring and detection capabilities. Key features include:

  • Fully automated processing of call data records (CDRs)
  • Subscriber profiling based on historical call patterns
  • High-usage alarms for suspicious handsets and destinations
  • Hotlist alarms for suspicious activities

Benefits of FMSlite

The deployment of FMSlite offers numerous benefits, including:

  • Reduced revenue loss from fraud
  • Improved profitability
  • Enhanced cost structure
  • Scalability to add further modules as needed

These modules include:

  • Domestic fraud detection
  • SIM box detection
  • GPRS high-usage detection
  • Prepaid voucher fraud detection
  • Dealer fraud detection

Cloud-Based Approach

The technology is hosted in a secure data center in Luxembourg, providing 24-hour access via the web. This cloud-based approach offers a low-cost alternative for businesses to use software on-demand, rather than purchasing licenses and applications.

TCI Joins Growing List of CSPs Taking Proactive Measures Against Fraud

Telecom Cook Islands joins a growing list of Communication Service Providers (CSPs) that are taking proactive measures to combat fraud. With heightened competition and revenue erosion from non-GSM access technologies, CSPs can no longer afford the cost of fraud. By focusing on specific problem areas and optimizing their cost structure, TCI is set to reap the benefits of this innovative technology.

Learn More About Telecom Cook Islands’ Fraud Detection Methods

For more information about Telecom Cook Islands’ fraud detection methods and how they are using XINTEC’s FMSlite solution, visit www.telecom.co.ck or www.oyster.net.ck.