Subex Paves Way For Proactive Fraud Management

Subex, a provider of Operations and Business Support Systems (OSS/ BSS), has announced the launch of Nikira V7.0 – the next version of its fraud management solution. The new version provides operators with next generation fraud management capabilities for proactive fraud management through early detection of internal and external fraud.

Nikira V7.0 comes with enhanced fraud management capabilities with increased scope and scalability. One of the enhancements to this new version is e-fingerprinting. This approach introduces behavioural mechanisms of detecting fraud early, enabling proactive fraud management. Unlike the existing profiling solutions that focus only on subscriber related checks, e-fingerprinting allows operators to profile and study behaviour around any entity that they feel will impact revenue – internal users, credit cards or even cellsites. This offers a vast range of practical applications like post acquisition subscriber checks, internal fraud detection, detecting defaulters and the like.

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"We believe that this approach to fraud management provides flexibility and ease of operation to reduce fraud losses," said Anuradha, senior vice president – Engineering, Subex. "We are proud to launch this new version of Nikira, which will enable operators to detect fraud much more efficiently, while saving cost and reducing risks, paving the way for lean operations," she added.

Nikira 7.0 Features

- Reinforced Rules Engine: The flexible rules engine lends Nikira a high amount of adaptability and configurability necessary to detect more complex fraud behaviours in general and bypass fraud in particular.

- Internal Affairs: Nikira V7.0 ensures protection from internal fraud by providing an independent environment that can assess data feeds from a number of internal systems and through a comprehensive logging of user activities

- Workflow and Usability: The product significantly improves usability through an improved manual grouping of subscribers, rule management and improved reporting characteristics, among others.

Nikira detects known fraud types and patterns of unusual behaviour, helps investigate these unusual patterns for potential fraud, and uses the knowledge thus generated to upgrade and protect against future intrusions.