Subex to deploy its HyperSense Fraud Management for Ethio Telecom; stock adds ~1.5%

23 Aug 2022 , 12:42 PM

Subex Limited, a pioneer in AI-led Digital Trust, revealed that Ethio Telecom has chosen it to install its Fraud Management system.

The solution, built on Subex’s AI orchestration platform, HyperSense, will replace Ethio Telecom’s existing legacy fraud management system, allowing the company to transition from a traditional rules-based approach to an AI-first approach. As a result of this strategy, they will be able to detect new and undiscovered dangers in real-time.

With over 50 million users, Ethio Telecom is Ethiopia’s top comprehensive telecom solutions provider. The country’s telecom provider has just developed a pre-commercial 5G network.

Ethio Telecom sought to improve and widen its risk management approach by establishing a holistic defensive system in order to maintain its market leadership by providing high-quality and creative solutions.

Ethio Telecom will be able to bring in better accuracy, coverage, and time-to-detect using Subex’s AI-first Fraud Management solution on HyperSense, which employs AI in every stage of the Fraud management process.

These features will allow the operator to take a proactive approach to combat risks such as SIM Box, Spoofing, SMS fraud, roaming fraud, subscription fraud, device fraud, Mobile money risks, Credit Risk Management, and so on.

Furthermore, as a result of its earlier deployment of Subex’s Business Assurance, Ethio Telecom will now be able to unify its Revenue Assurance and Fraud Management approaches to guarantee silos are broken down and operational efficiency is improved.

Subex was trading at Rs35.75 up by 1.13% from its previous closing of Rs35.35 on the BSE. The scrip touched intraday high and low of Rs36.35 and Rs34.95 respectively.