SYMMETRY and Fraud Intelligence Limited: Scaling the Fight Against Fraud

London, United Kingdom

Fraud Intelligence Limited, an incorporated Joint Venture between ORILLION Solutions and SORAMITSU, is excited to announce its strategic partnership with SYMMETRY Solutions.

Symmetry curates the PRISM intelligence database, the world's largest source of real-time threat intelligence for international revenue share fraud (IRSF) destinations. PRISM is a proven solution that enables telecommunications providers and enterprises to prevent and rapidly detect fraud, protecting shareholder and customer value.

Fraud Intelligence Limited operates the Fraud Intelligence Blockchain (FIB), a vendor- and consortium-agnostic platform that serves as a network of networks, designed to enable real-time, secure, and collaborative fraud intelligence sharing among telcos, vendors, and law enforcement, utilising SORAMITSU’s Hyperledger Iroha distributed ledger technology.

The integration of PRISM's intelligence with the Fraud Intelligence Blockchain will enhance the impact and scale of the data we can bring to Communication Service providers (CSPs) and their customers, creating a collaborative model that unlocks immediate and future value, demonstrating sector collaboration in the Fraud Intelligence Blockchain.

International Revenue Share Fraud (IRSF) is the root cause of many fraud types that affect every CSP and costs telcos and their customers millions annually. By combining Symmetry’s PRISM data with FIL’s unique crowdsourced intelligence from consortium members, the partnership delivers powerful, real-time, actionable insights into fraudulent activity. This collaboration not only strengthens the defences of individual clients but also enhances the collective resilience of all members, ensuring a more secure and transparent telecom ecosystem.

Customer Protection is now a priority, as millions face sophisticated scams daily. The partnership with SYMMETRY Solutions represents an incredible opportunity for the benefits of shared fraud intelligence. We couldn't be more pleased, and look forward to working with the Symmetry team.

— ANDREW WONG and TONY SANI (Fraud Intelligence Limited)

As a telecoms fraud management professional for over 35 years, it’s exciting to be a part of the innovation that FIL is bringing to proactively address telco fraud globally. PRISM has been the leader in IRSF prevention since 2013 and is now better than ever. The combined forces of Symmetry and FIL, along with the many excellent fraud and business assurance products and services on the market, will help to change the game.

— DEAN SMITH (COO: Symmetry)

Please register or log in today to learn more about Fraud Intelligence Blockchain.

FIL GitHub: https://github.com/fraud-intelligence-limited

FIL API: https://fraud-intelligence-limited.github.io

About Orillion

Orillion Solutions is a leading provider of solutions that unlock value for customers by using advanced data insights, innovative technology, and rapid solution design methods to help solve complex business and risk management problems. This includes the delivery of the largest fraud blockchain network in telecommunications, which is helping telcos and their customers prevent fraud more effectively.

About Soramitsu

Soramitsu is an award-winning global 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. Soramitsu aims to deploy cutting-edge technology on a global scale in order to expedite financial inclusion and health, mitigate economic inefficiencies, and contribute to the fulfilment of the Sustainable Development Goals.

About Symmetry

Symmetry Solutions has been helping Communications Service Providers (CSPs) protect their profits and customers since 2009. We are specialists in the telecommunications industry. Our software and services ensure that CSPs not only meet their regulatory and customer obligations but also optimize experience and profitability. We believe that data is your business DNA, and so we go to great lengths to assure data integrity across all network and customer platforms. But data is also the DNA of fraudsters, so we use that knowledge to help you prevent, detect, and respond to fraud more effectively. We actively prevent millions of dollars in fraud losses every month.