WeDo Technologies Launches Pioneering, SaaS-based Telecom Fraud Management Solution

WeDo Technologies, the worldwide leader in Revenue Assurance and Fraud Management, today announces the launch of a series of cloud-based applications that tackle telecom fraud. WeDo Technologies’ RAID.Cloud enables faster integration with existing technologies, as well as a simpler, faster, smarter approach to managing telecom fraud that takes only minutes to integrate. RAID.Cloud also saves time and reduces costs with its self-service and user friendly, on-the-spot onboarding process. This is achieved through the development of several detection apps, ready to address specific fraud types, such as roaming, bypass and IRSF.

RAID.Cloud also provides groundbreaking applications (apps) in digital risk profiling, customer experience (CX) and crowdsourced service assurance analytics.

RAID.Cloud is WeDo Technologies’ response to a rapidly changing telecom landscape; one where communication service providers (CSP) are under increasing pressure to transform themselves, diversify, adapt to complex network systems, converge service offerings, and build partner ecosystems, all while managing an ongoing rise in outsourcing. All this has created an environment ripe for revenue leakage, while dramatically increasing the risk of fraud. Last year, the Communications Fraud Control Association reported that fraud was costing the sector an estimated $38.01 billion. The trend indicates that the need for companies to take action and secure their telecom systems is greater than ever, but at the same time, the speed at which new risks are appearing call for more flexible and versatile solutions. WeDo Technologies is currently working with over 170 telecom operators in 96 countries to protect against such risks and secure vital revenue, including Etisalat, Vodafone, Orange, Turkcell, T-Mobile US and Verizon.

“Cloud computing has influenced the way businesses address risk, for areas such as revenue assurance and fraud management”, says Rui Paiva, CEO, WeDo Technologies, “organizations have embraced the fact that cloud and hybrid solutions are the new way of life, making cloud-based fraud and revenue risk mitigation solutions essential – all through a modern mobile environment.”