cVidya Networks and BICS have entered into a strategic partnership that will reduce fraud across the worldwide telecoms industry. BICS will use cVidya’s FraudView solution to detect and prevent fraud across its extensive wholesale network and also provide it as a service as part of its Mosaic portfolio.
The massive level of voice traffic carried across BICS’ wholesale network means it is exposed to many types of frauds and market-related risks. Drawing on BICS’ high level of visibility and richness of information, FraudView’s analytical engines will provide BICS’ customers with valuable insights and bolster the global fight against fraud. Furthermore, the solution will help BICS deploy the appropriate controls on its own network to combat wholesale-specific fraud types, such as FAS (false answering supervision), IRSF (international revenue share fraud), PBX hacking and bypass fraud.
This unique cooperation model will also enable cVidya and BICS to create a global fraud knowledge center to share valuable information, such as latest trends, hotlists, PRS lists and other fraud information between multiple FraudView users around the world, paving the way for more joint initiatives to fight fraud. The partnership will use this information to continuously update and improve the core fraud management system and as such ensure a best-of-breed solution to its global customer base.
The partnership was finalized after a thorough and competitive tender process which demonstrated FraudView’s superiority in wholesale-specific fraud scenarios including PBX hacking, Wangiri Fraud, FAS, CLI manipulation, bypass fraud and others.
“This is a ground-breaking partnership between two leaders in their fields,” said Alon Aginsky President and CEO of cVidya. “Working with BICS will enable our advanced fraud prevention solutions to gain even greater traction among communications service providers. This partnership will also accelerate our drive to provide highly-flexible and cost-effective cloud-based solutions to the telecoms industry.”
“A robust proof-of-concept process, together with cVidya’s proven fraud management skills and international wholesale expertise, convinced us that cVidya is the ideal partner for this important project,” said Jorn Vercamert VP Voice Business at BICS. “This on-going cooperation will enable us to expand a unique, community-based fraud management offering to our customer base and strengthen the industry’s ability to quickly detect and combat fraud in a comprehensive manner.”
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