Fraud Intelligence Limited Joins ONE Consortium to Enhance Global Telecommunications Security

Fraud Intelligence Limited proudly announces its recent admission into the prestigious ONE Consortium, a global telecommunications industry group dedicated to combating illegal and unwanted communications. This collaboration marks a pivotal step in the company’s mission to enhance the security and integrity of global telecommunications through advanced blockchain solutions and collective industry action.

London, England, 22 July 2024

Fraud Intelligence Limited has recently been admitted into the ONE Consortium, a prestigious telecommunications industry group dedicated to combating illegal and unwanted communications worldwide. Becoming a ONE Consortium member marks a significant milestone for Fraud Intelligence Limited. It provides a platform to increase its mindshare and customer participation on the Fraud Intelligence Blockchain Platform, an innovative solution based on Hyperledger Iroha technology.

Fraud Intelligence Limited’s Innovative Approach

Fraud Intelligence Limited leverages Hyperledger Iroha, a robust blockchain framework, to combat telecommunications fraud. Hyperledger Iroha is known for its simplicity and efficiency, making it an ideal choice for building secure and transparent applications. Fraud Intelligence Limited’s Blockchain Platform uses this technology to provide a decentralised and immutable ledger that records all transactions and communications. This approach ensures that fraud can be quickly identified and mitigated, protecting consumers and service providers.

By joining the ONE Consortium, Fraud Intelligence Limited can enhance its technological offerings and extend its reach within the telecommunications industry. The Consortium’s collaborative environment allows Fraud Intelligence Limited to share its innovative solutions with other industry leaders, fostering a unified effort to combat fraud.

Global Impact of Fraud Calls and Messages

Fraudulent calls and messages are a pervasive issue affecting consumers and businesses worldwide. These illegal communications lead to financial losses and erode trust in telecommunications networks. Many current initiatives to combat fraud are focused on national levels, leaving international connections vulnerable.

ONE Consortium addresses this gap by working with NRAs to complement national efforts with a global strategy. This international cooperation aims to mitigate fraud on a broader scale, ensuring that measures taken in one country are supported and reinforced by actions in others.

The Restore Trust Initiative

ONE Consortium is a critical component of the broader Restore Trust initiative led by i3Forum. This initiative seeks to restore trust in international communications through a structured dialogue between NRAs and the telecommunications industry. Restore Trust aims to develop comprehensive strategies that address the root causes of telecom fraud and enhance the security of global communication networks by facilitating international cooperation.

Benefits of Fraud Intelligence Limited’s Membership

Fraud Intelligence Limited’s membership in the ONE Consortium offers numerous benefits:

• Enhanced Collaboration: Fraud Intelligence Limited can collaborate with other industry leaders and NRAs, sharing insights and best practices to combat telecom fraud.
• Increased Visibility: As part of the Consortium, Fraud Intelligence Limited gains increased visibility and credibility within the industry, attracting more customers to its Blockchain Platform.
• Technological Advancement: Fraud Intelligence Limited can leverage the Consortium’s resources and collective expertise to enhance its technological solutions, ensuring they remain at the forefront of innovation.

Conclusion

Fraud Intelligence Limited’s admission into the ONE Consortium represents a significant step forward in the fight against telecommunications fraud. By leveraging advanced blockchain technology and participating in a global collaborative effort, Fraud Intelligence Limited is well-positioned to enhance international communications' security and integrity substantially. This partnership underscores the importance of collective action and innovation in addressing the complex challenges of telecom fraud.

Admission into the One Consortium represents a unique and humbling opportunity to work alongside leaders in the telecom industry, people who are on top of their game and can strategically advance policies and technologies that can serve the public good and community trust.

Fraud Intelligence Limited brings over 100+ years of experience in building global, enterprise-grade products and services in telecommunications and financial services.   We look forward to working shoulder-to-shoulder to advance the principles of shared fraud intelligence globally

— Andrew Wong × Anthony Sani, Fraud Intelligence Limited

About Soramitsu

Soramitsu is an award-winning global financial technology company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges.

About Orillion

Orillion Solutions are committed to delivering products that solve industry problems by leveraging deep data insights and modern technology use. Our focus on disruptive and innovative solutions allows us to protect and create real value for our customers, placing us at the forefront of risk management and operational assurance. Our solutions empower our clients with advanced fraud insights and prevention capabilities, helping them mitigate the risks of financial loss and reputational damage.

About One Consortium

One Consortium is a not-for-profit organisation designed for the international communications ecosystem to join forces and cooperate with Telecommunications Regulators (NRAs) globally to fight illegal/unwanted voice calls and messages from abroad, bringing together National Regulatory Authorities (NRAs) globally to facilitate a global, structured dialogue between industry and telecommunications regulators on restoring trust.