Telecom Lead America: Safaricom, a communications
service provider, has partnered with Neural Technologies, a UK technological
firm, to implement a fraud management solution.
The fraud management solution will safeguard its mobile
network and MPESA platform.
Safaricom will deploy Neural Technologies’
MinotaurTM Fraud Management Solution on all its business lines,
including M-PESA, a commercial mobile money transfer system.
Safaricom CEO Bob Collymore claims that the telecom
service provider constantly reviews functionality of its fraud systems to
protect customers transactions.
Neural Technologies’ Commercial Director Luke Taylor said
Safaricom’s innovative approach to mobile telecommunications makes them the
ideal candidate for a flexible solution such as Minotaur.
Safaricom pioneered commercial mobile money transfer
globally through M-PESA, the most successful such service anywhere in the
world. Launched in March 2007 as a money transfer service, it has
over 18 million customers and over 39,000 Agent outlets countrywide.