Joint strategy to protect telecommunications service providers’ revenues
Protect customer base from over-the-top (OTT) bypass revenue loss, SIM Box fraud and mis-billing
16th Februry 2016: Mobile anti-fraud and revenue protection specialist Revector today announces a partnership with risk management and analytics company Neural Technologies, to offer communications service providers a comprehensive anti-fraud and revenue protection service to mitigate risk and eliminate revenue loss.
With more than ten years’ experience in revenue protection and fraud reduction, Revector will combine its award winning products with Neural Technologies’ comprehensive risk management capabilities to offer communications service providers the most comprehensive and real time anti-fraud and risk management service on the market.
The two companies’ combined customer base exceeds 200 mobile operators globally and the partnership will enable customers to more effectively detect and locate fraud on their networks as well as reduce revenue lost to mis-billing.
As outlined in Neural Technologies’ 2016 Telecoms Risk Management survey, operators lose more than 10% of revenues from uncollected revenues or fraud, whilst the Communications Fraud Control Association (CFCA) equated this to global losses of almost $300 billion in 2015.
Andy Gent, CEO of Revector, comments: “Fraud and revenue loss is a serious business for network operators and their shareholders. It also funds organised crime and limits the economic benefits that an effective communications network can deliver. Our partnership with Neural Technologies, which combines two multi-award winning revenue protection companies, will provide industry leading solutions to monitor, manage, detect and eliminate fraud and revenue loss for telecommunications companies.”
Luke Taylor, CCO of Neural Technologies, comments: “Our recent survey of telecommunications’ operators identified over-the-top (OTT) bypass revenue loss as a significant threat to revenues. Both companies are a natural fit – Revector has a world leading innovative solutions to this which, when combined with our expertise in analytics and risk management, can quickly eliminate this threat to revenues.”
The two companies will be working together to provide:
- Detection and Elimination of OTT bypass on mobile and fixed line networks
- A combined SIM box detection and elimination service
- Network level and local on-ground test event generation to ensure operators are billing accurately
- Joint marketing and sales across the 200 plus network operators that the companies have worked with
Founded in 2001, Revector creates products and services that enable telecommunications companies to quickly and effectively counter fraud. Working with operators including Vodafone, Bharti Airtel, Hutchison Three, Zain, Digicel, Etisalat, Telenor, Tele2, Tigo, MTS, NTT DoCoMo, Rogers, T-Mobile, and Cable & Wireless, Revector’s products have enabled mobile network operators to remove millions of dollars’ worth of fraudulent activity from their networks.
In 2013 Revector was one of only four UK companies to be awarded two Queens Awards for Enterprise – in Innovation and International Trade – the highest official UK awards for British businesses. The company was also identified as one of the 30 most innovative UK mobile companies by Real Business.
About Neural Technologies
Neural Technologies provides software to extract and analyse extensive and disparate data across an organisation to provide insight and intelligence, empowering corporations to mitigate operational loss and financial risk, improve efficiencies and show significant revenue protection and generation capabilities.
Neural Technologies has offices in Europe, North America, South America and Asia Pacific and customers in 45 countries worldwide. Founded in 1990, the company has built an international reputation for providing quality solutions to increase the bottom-line for its customers around the globe. In 2015, Neural acquired Enterest, the Usage Data specialist company with an international client base.
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