On the 17th of November 2020 TMT ID brought together a roundtable of leading experts in mobile identity, mobile fraud and fintech to discuss the rise in mobile fraud and what could be done to tackle it. This Whitepaper is produced using the comments of all the participants and their thoughts on the central question ‘How fintechs can tackle mobile fraud during COVID-19 and beyond?’
KYC is most often used in financial services, and it has been around since 1882. We will highlight the benefits of mobile numbers and mobile device intelligence to use for verification purposes. In our latest ebook, we will be discussing the variety of industry tools available for businesses, how they work, and why they are important for the future of fintech.
By leveraging mobile numbers, businesses and platforms can enhance the security of their authentication processes and provide users with a safer and more streamlined experience when using their business applications online.
ATO fraud grew over 650% in 2020. While some of this could be chalked down to newly digital users and something of a pandemic “fog of war”, 2021 may not be much better since fraudsters may be more focused on business as usual now that COVID19 related schemes are drying up.
A multi-generational shift towards mobile banking has altered the data that banks can use to understand a customers’ credit risk. In this new report, in partnership with One World Identity, we explore alternative credit’s potential and how banking could benefit from moving past the standard financial identity system.
Does something in your business not quite feel right? Are you struggling to get to the bottom of an unexplained uptick in operational costs? Or perhaps your customers are reporting awkward and overcomplicated journeys, leading to higher abandonment rates than competitors.
Fraud rocketed during the pandemic. With Covid-19 accelerating the trend for online shopping and banking, fraudsters were poised to scam consumers. Amid this backdrop of soaring fraud – and with a view to providing valuable insights for businesses who are fighting the challenges of fraud – we conducted independent research, asking consumers how fraud is affecting trust in financial services providers and what action they would like to see being taken.
Writing code is never just about functionality. As a developer you not only have to ensure that code is functioning correctly, but that it is secure whilst minimising user friction. Strategising for this is a task in and of itself, with so much at stake, how do you know which choice is the right one?
"Phone number verification plays a critical role in helping to detect and prevent online fraud. TMT ID’s TeleShield product provides easy access to global mobile data, enabling us to enhance the actionable results of our MaxMind minFraud® services."
"BTS (Business Telecommunications Services) is successfully using TMT’s Velocity and Live services to check the status of mobile numbers. This way we make sure we optimize the performance of the service offered to our customers and ensure the quality of terminating traffic to all countries.”
"Working with TMT’s TeleShield service has expanded our ability to detect fraud and minimise the risk to our business. TeleShield brings peace of mind and the opportunity to stop fraud before it affects our customers’ bottom line or the service."
"LATRO relies on TMT’s TeleShield to provide the most up to date and reliable numbering qualification information within our fraud reporting tools, enabling us to protect our customer’s revenues and empowering them to defend themselves against fraudulent numbers."
"TMT is a valued partner that enables us to manage our routing costs effectively. They proactively and continuously expand their operator and country coverage while delivering exceptional customer service. We can always count on them to achieve high-quality results and look forward to our continued collaboration."
"TMT provides us with the most comprehensive numbering intelligence data through their fast and reliable Velocity and Live services. TMT is a trusted partner for us, their products ensure that we continue to optimise the best performance and service to our customers."
"TeleShield from TMT gives 42com the power to detect and target telephony fraud scams internationally, thereby protecting our company from the financial and customer experience impacts of telecommunications fraud."
"It has been a pleasure to work with the team at TMT. They have become an essential provider of accurate numbering data information and Number Portability services globally."
"Deutsche Telekom Global Carrier uses TMT ID as one of their key suppliers for Mobile Number Portability Data services. Deutsche Telekom Global Carrier uses TMT ID’s Velocity MNP solution. This is an ultra-fast query service that optimises the routing of international voice calls and A2P messaging."
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