Fraud Intelligence Limited (“FIL”) is pleased to announce that LATRO, a global leader providing software and services solutions for the telecommunications and fintech industries, has joined the Fraud Intelligence Blockchain. This action marks an essential step towards enhancing fraud prevention and intelligence sharing within the telecommunications industry and creating joint expertise and customer value.
The Importance of Collaboration
Fraud Intelligence Limited (“FIL”) is an incorporated Joint Venture between ORILLION Solutions and SORAMITSU, built on the vision of fraud intelligence exchange, where APPROVED telecommunication companies, vendors, and law enforcement can work together in a community-led initiative to fight fraud through cooperation.
LATRO’s decision to join the Fraud Intelligence Blockchain underscores its commitment to providing cutting-edge solutions that address the evolving challenges of fraud in both the telecom and fintech sectors. By leveraging the blockchain’s capabilities, LATRO gains access to a vast and dynamic database of fraud intelligence, including emerging fraud types such as Wangiri, IRSF, Stolen Device, IP address, SMS A2P, and phishing URLs. The Fraud Intelligence Blockchain has experienced exponential growth with more than 6M fraud identifiers and >200K new fraud data points contributed monthly and growing across a global footprint of 150 countries, with involvement from all parties of the industry and consortia.
Benefits and Possibilities
Fraud Intelligence Blockchain has created the world’s first event record tokenization scheme that enables fair and reliable incentivization of customer contributions.
LATRO will benefit from the Fraud Intelligence Blockchain’s unique tokenization scheme and freemium pay-per-use model, enabling cost-effective participation and access to valuable fraud intelligence. This model fosters a collaborative ecosystem where participants can earn and spend internal digital credit tokens through their contributions and downloads from the Fraud Intelligence Blockchain. This flexibility enables a fair and inclusive ecosystem for all participants and promotes the correct behaviour of all parties in the consortium.
LATRO will also benefit from Fraud Intelligence Limited’s proprietary confidence scoring. This scoring system and dynamic configurations per fraud type ensure that the most relevant data remains active. In contrast, outdated ones are removed, enabling LATRO’s fraud prevention solutions to stay at the forefront of the industry.
As the telecommunications landscape evolves, there is great potential for both LATRO and Fraud Intelligence Limited to develop more experiences that create value-added services for telcos and improve protection for end customers worldwide. You can’t go wrong. We are the leaders.
ABOUT LATRO
LATRO is a globally recognized leader in providing software and services solutions for the telecommunications and fintech industries. With a strong foundation in Fraud Management and Cellular Forensics, LATRO offers a comprehensive suite of solutions that help businesses protect their revenue, optimize their operations, and combat fraud. LATRO’s expertise spans Revenue Assurance, Fraud Management, Fintech, Mobile Money, and BSS/Charging/VAS/Enterprise application support. The company also provides advanced cellular forensics solutions to law enforcement agencies and legal professionals, helping them solve complex investigations involving digital forensics. For more information about LATRO, visit www.latro.com.
ABOUT ORILLION
Orillion Solutions is a leading provider of solutions that unlock value for customers by using advanced data insights, innovative technology, and rapid solution design methods to help solve complex business and risk management problems. This includes the delivery of the largest fraud blockchain network in telecommunications, which is helping telcos and their customers prevent fraud more effectively.
ABOUT SORAMITSU
SORAMITSU is an award-winning global technology company that delivers blockchain-based solutions for enterprises, universities, and governments. From creating domestic and cross-border payment systems to developing our own decentralized autonomous economy, our projects and use case studies represent the next generation of fintech.
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