Safaricom buys US firm’s software to detect fraud

Safaricom has since 2014 hosted a mobile money investigation unit comprising police officers. FILE PHOTO | NMG

Telecoms operator Safaricom #ticker:SCOM has bought security software from American technology firm Amdocs to detect and stem revenue leakages.

St Loius based Amdocs and the Kenyan telecoms firm in a joint statement said that Safaricom will deploy its “revenue assurance technology and expertise” to provide “more comprehensive and adaptive revenue safeguards for the entire lifecycle of new services across its business. In a fast-paced industry, Safaricom needs to continuously innovate and create new products and services for our customers, which means modernising our procedures and systems for revenue assurance,” said Safaricom Risk Management Director Nicholas Mulila.

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