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Combatting Consumer Messaging Fraud

Myriad's CEO, Fabien Delanaud, joined Mobile Ecosystem Forum workshop in South Africa, focused on tackling messaging fraud in financial services

The Mobile Ecosystem Forum (MEF) recently held a workshop, in partnership with South African Banking Risk Information Centre (SABRIC), where Myriad Connect’s CEO, Fabien Delanaud, presented on the issue of SIM swap fraud across Africa. Also joined by South African MNOs and 15 local banks, the workshop focused on tackling messaging fraud in financial services in South Africa.

Fabien shares his thoughts from the workshop with MEF:

“It was good to see MNOs offering SIM aging or IMSI APIs to detect SIM swap fraud attempts, although it does feel there is still a lot to be addressed – facilitating the integration to these APIs, enriching them and tackling their costs. It was also very interesting to learn about initiatives such as TransUnion offering IMEI checks, to further prevent fraud. Maybe there is a role to play for an API aggregator to provide turnkey solutions to the Finance industry.

There seems to be many initiatives to tackle messaging fraud, from the telco industry, the MNOs individually or as part of the local mobile ecosystem (looking forward to learning more about COMRIC in SA), and of course the finance industry. MEF and its members can help ensure we don’t reinvent the wheel and facilitate sharing knowledge/know-hows globally.”

For the full article and insights from other attendees, please see the full article here.

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