Telecommunications, or Telecom, the industry has been at the forefront of the progressive transformation of technology. The impact of the increasing role of the telecommunication industry for the transmission of data by different sorts of advancements over the wire, radio, optical, or other electromagnetic frameworks has broadened its scope even further. With the vast proportional impact that mobile phones have made worldwide with their ability to provide whatsoever information or news on mobiles and making phone calls, users have begun to rely on them completely. 

Being a part of the ever-changing digital environment, the telecom industry also has its pain points. With information flowing globally, the risk for data, privacy, fraud protection, and data security is also broadening. Identity fraud, also known as subscription fraud, is one of the most widespread telecom frauds. Hoodlums make use of fabricated identity documents to secure telecom services and then use them for the purpose of criminal activities. This helps the criminals to use stolen information for mobile banking, virtual wallets, etc., during onboarding. The scope of the telecom industry has widened so much that fraudsters have their eyes on conducting fraudulent acts and criminal attacks such as using fabricated or stolen information for SIM card swaps, purchases, and other high-value transactions. Therefore, to avert such practices, know your customer (KYC) and mandatory SIM card registrations should be practiced. 

According to risk management and analytics experts of Neural Technologies, there are over 200 types of telecommunication frauds related to identity theft or fabrication.

Digitization of such services has made it necessary to have a fully secure automated id verification process, which is what AZYO offers. AZYO’s advanced deep learning algorithms intelligently automates and extract the information from identity documents in order to verify the authenticity and eventually validate the real identity of an individual. Plus, AZYO ensures a seamless onboarding process with security against fraud. 

Mobile Network Operators (MNO’s) face a major headache when it comes to tackling frauds and likewise activities, keeping in adherence to the local as well as international guidelines. Hence, keeping a check on legitimate users becomes cumbersome. 

With the help of AZYO, and its phenomenal automated id verification solution which provides advanced deep learning algorithms that automate facial recognition, optical character recognition, liveness detection to identify users, and eliminate fraudsters.

MNO’s have a heavy financial burden of fraud which can be eliminated with AZYO’s highly secure automated identity verification solution and simultaneously maintain brand image and credibility. AZYO’s innovative plus cost-effective solution is highly efficient and effective in today’s digital world.