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Why is Verification essential for Tele-Communication?

Verification is crucial for telecom to prevent frauds like SIM swapping, account takeovers, unauthorized activations and much more grave business and regulatory violations. It ensures secure customer identities, protecting against data breaches and malicious activities. Moreover, verifying vendors and partners helps comply with regulations, safeguarding business operations and integrity.

  • Preventing SIM Fraud: Prevents fraudulent SIM activations, ensuring network integrity.

  • Customer Identity Assurance: Verifies customer identities and reduces account takeovers and malicious activities.

  • Secure Vendor Partnerships: Ensures vendors meet regulatory standards, preventing business fraud.

  • Enhanced Compliance with Telecom Regulations: Verification ensures adherence to telecom regulations, minimizing legal risks.

Key Solutions

Statfin provides an extensive verification suite, ensuring secure network operations, compliance, and fraud prevention.

Background Verification (BGV)

Verifies customer and vendor legitimacy.

Digital KYC (D-KYC)

Verifies digital customer identities for compliance.

Anti-Money Laundering (AML)

Detects and prevents money laundering activities.

Fraud and Risk Management (FRM)

Real-time fraud detection for telecom networks.

Negative Database (NDB)

Screens for fraudulent associations and activities.

Field Verification Reports (FVR)

On-ground verification of customer and business details.

Investigation Bureau Reports (IBR)

In-depth investigation for fraud prevention.