Tripoli, 23 March 2013:
Libyan mobile operator Almadar has awarded a contract to Indian financial software company Subex to provide it with . . .[restrict]a revenue assurance and fraud management system.
The Bangalore–based company, which provides business support systems (BSSs) for communications service providers (CSPs), says it won the bid to provide its Revenue Operations Center (ROC) system in a competitive tendering process.
The system helps sustain profitable growth and sound financial health through a series of operations including revenue assurance, fraud management, credit risk management and inter-party settlement.
“We are taking a fresh approach to our business proposition and it was important to build the right ecosystem. As a first step, we have chosen the ROC Revenue Assurance and Fraud Management solutions from Subex”, said Jamal Hegag, chairman of Almadar. “Subex’s experience in the global revenue and fraud management space is unparalleled and we are confident that this engagement will enable us do our business in a more effective manner”.
“Libya is an interesting telecom market with a lot of potential,” said Vinod Kumar, Chief Operating Officer, Subex. “Our market leadership and strong domain capabilities in the area of Revenue Assurance and Fraud Management help us enable our customers to realise operational efficiencies and improve profits.”
Subex claims that ROC Revenue Assurance is “the telecom industry’s first revenue assurance solution that simplifies RA”. It oversees the entire revenue chain and speeds up the process of revenue recovery.
ROC Fraud Management detects known fraud types as well as patterns of unusual behaviour, helps investigate these patterns for potential fraud and uses the knowledge thus generated to upgrade and protect against future intrusions.
Subex’s customers include 33 of the world’s 50 biggest telecommunications service providers worldwide.