Kenya’s leading mobile network operator Safaricom has hired
the services of UK-based tech firm Neural Technologies to implement a fraud
management system to further protect its mobile payment platform, MPESA.
“We regularly review the functionality of our fraud systems
so that we can safeguard our clients transactions and so be worthy of the trust
they have vested on us,” said Safaricom’s CEO, Bob Collymore.
The Neural Technologies’ Minotaur™ Fraud Management Solution
will be deployed on all its business lines including the MPESA money transfer
platform.
Minotaur™ incorporates a powerful case
management environment that facilitates the process of case investigation and enables
proactive fraud identification via an innovative data mining functionality.
Safaricom now joins the likes of Zain Bahrain who deployed
the system back in July.
About Neural Technologies
Formed in 1990, Neural Technologies has established itself
as a leading provider of risk management software solutions. It has built upon
a foundation in neural analysis and design to provide highly effective and
innovative solutions, which substantially increase bottom-line returns for its
customers. Specializing in areas of application risk, fraud, credit risk, customer
attrition, collections, and revenue assurance.
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