TMT ID and Fraud Intelligence Limited Announces Strategic Partnership

TMT ID and Fraud Intelligence Limited Announces Strategic Partnership To Deliver Market-Leading Fraud Intelligence Capabilities Globally

13th of June 2024 – London, United Kingdom —TMT ID and Fraud Intelligence Limited announce a strategic partnership to collaborate and innovate together to combat fraud.

The partnership will see TMT ID integrate its leading TeleShield mobile number intelligence data with the Fraud Intelligence Blockchain Platform. TMT ID’s TeleShield service can confirm the validity of both originating (calling)  and terminating (called) telephone numbers. For specialised use cases, TeleShield also has the ability to perform real-time queries to confirm whether a telephone number has been assigned to a subscriber.  Fraud Intelligence Teams using this combined data will be able to derive improved actionable insights against both existing and emerging fraud.  Fraud Intelligence Limited will add integrations of the Fraud Intelligence Blockchain for contributing fraud intelligence as well as providing data insights. 

Fraud Intelligence Limited, is a UK joint venture between Orillion Solutions and Soramitsu. Its redesigned technology permits the exchange of data concerning an expanding range of frauds, furthering the vision of a fraud intelligence exchange where approved telecommunications companies, software vendors and industry groups work together in a community-led initiative to fight fraud through cooperation and technological innovation.  This leading core was built on Hyperledger Iroha: a form of blockchain that only allows data to be shared amongst participants under specified conditions, making it ideal for solutions that rely on controlled access to sensitive data, with unimpeachable trust. 

Andrew Wong, Chief Operating Officer of Soramitsu Group said 

“We are honoured to be working with TMT to fight telecom fraud using the power of blockchain technology.  Those involved in fighting fraud deserve the very best data and insights which will be delivered through this partnership. The fraud landscape is complex, we aim to help those fighting it succeed.”

Anthony Sani, CEO of Orillion Solutions said 

“TMT ID has an unrivalled reputation for superior mobile intelligence services and innovation and is a market leader in the industry. This partnership cements our shared goal of fighting fraud in telecoms and beyond.”

CEO, TMT ID, John Wilkinson said 

“We are excited by this new partnership. There is currently an epidemic of telecoms fraud which is seriously harming the industry. At TMT ID we are doing our part via data cooperation initiatives like this to help provide intelligence and information to make it harder for fraudsters to operate. This blockchain initiative is a positive model for industry collaboration globally.”