'World’s first' fraud management system to automatically connect to RAG's Wangiri Fraud Intelligence Exchange

06 May 2020

Neural Technologies, an international provider of revenue protection, digital transformation and data analytic solutions to the telecommunications industry, has integrated its Optimus Fraud Management System (FMS) with the blockchain that powers RAG's Wangiri fraud intelligence exchange.

This means all comunication service providers (CSP) using Optimus Fraud Management will be able to seamlessly add and retrieve information about Wangiri fraud attacks to and from the industry's most comprehensive real-time fraud database.

As a partner member of the RAG Wangiri Blockchain Consortium, Neural Technologies will provide its customers with easy access to the distributed and secure blockchain ledger of fraudulent Wangiri calls dialed worldwide. CSP’s across the world have already joined the consortium. Giving CSP’s access to the consortium ledger via one of the industry's most popular fraud management systems will further accelerate the adoption of this vital anti-fraud collaboration.

Martin Laesch, CTO of Neural Technologies, explained why they enhanced Optimus to make it even simpler for CSP’s to share what they know about Wangiri fraud.

“By integrating our award-winning Optimus solution with the Wangiri fraud intelligence exchange, we can offer effective communication which assures the revenue protection of several leading CSP’s at low cost," he said. "By debuting the implementation of our innovation through a network of organizational synergy such as the Blockchain Consortium, the movement towards full-coverage security can be driven at a much faster pace. This will accelerate the protection rate of key players, allowing us to better-achieve our goal of reinforcing business security as efficiently as possible. With many customers already interested in our solution, we are glad to be able to pioneer the integration effort to boost ecosystem security and stability. Further, we are pleased to help RAG, and the industry to continue to innovate and fight fraud globally,” he continued.