Safaricom gets new fraud management system

Safaricom Limited has entered into a partnership with UK-based technology firm Neural Technologies in order to implement a fraud management solution

The system will safeguard Safaricom’s mobile network and MPESA platform. (Image source: FreeDigitalPhotos.net)

Safaricom will deploy Neural Technologies’ Minotaur Fraud Management Solution on all its business lines, including M-PESA, the world’s first commercial mobile money transfer system. The system will safeguard Safaricom’s mobile network and MPESA platform.

Safaricom chief executive officer Bob Collymore said, “We constantly review the functionality of our fraud systems so that we can protect our customers transactions and be worthy of the trust they have vested on us.”

Neural Technologies commercial director, Luke Taylor, added, “We are delighted to have been selected by such a major and forward thinking operator. We believe that Safaricom’s innovative approach to mobile telecommunications makes them the ideal candidate for a flexible solution such as MinotaurTM.”