Although analytic solutions have been deployed in other risk and fraud solutions across the telecom industry, the technology advancements incorporated into Risk Analytics for Telecom and Fraud Analytics for Telecom are unique. The optimal solution combines the most advanced analytics available today along with elements of artificial intelligence such as neural networks. By applying neural network technologies with more traditional statistical analytics, decision management and expert rules, service providers are able to capture the highest degree of suspicious or fraudulent transactions.
This white paper published by Fair Isaac describes about reducing risk and fraud across the telecom customer lifecycle. It describes how to stop losses, increase revenues and improve efficiency. The paper briefs about LiquidCredit, as an origination solution for making real-time acquisition decisions that increase gross adds while reducing fraud and risk losses. This flexible ASP-based system enables providers to manage the origination process using their unique business model and policies while incorporating number of internal and external data sources.
The adoption of a Service-Oriented Architecture (SOA) provides businesses with the ability to rapidly deploy new applications and easily integrate with other component applications both inside and outside the organization. Business Rules Management Systems (BRMS) provide a mechanism for managing decision logic and act as a conductor in order to align application decision behavior. This paper shows how business rules management systems fit within a service-oriented architecture, how BRMS can act as intermediary between service-based applications and legacy applications.
This paper from Fair Isaac talks about developing .NET Rule-Based Applications. .NET is the Microsoft web services strategy to connect information, people, systems and devices through software. Integrated across the Microsoft platform, .NET technology provides the ability to quickly build, deploy, manage and use connected, security-enhanced solutions with web services. .NET-connected solutions enable businesses to integrate their systems more rapidly and in a more agile manner, and help them realize the promise of information anytime, anywhere, on any device. .NET Framework TM is an integral Windows component for building and running the next generation of software applications, web services.
Acquiring a new customer is a costly decision, affecting 80% of measurable risk over the life of that account and touching many other levers of lifetime customer value. It is also an increasingly complex decision that must be made in decreasing timeframes. It also offer companies the ability to bring sophisticated analytics into their decision processes, using ASP-based services accessible from a standard browser. This white paper looks at customer acquisition operations - the way leading telecom service providers are applying advanced analytics and automation to application decisioning.
Telecommunications fraud costs carriers billions of revenue dollars annually. With the introduction of 2G, 2.5G, and 3G technologies, many people in the telecom carrier community believe that their future potential fraud will be substantially mitigated. Many forms of technical fraud are becoming less feasible and cost effective for the fraud criminal element. Fair Isaac Fraud Analytics provides unified fraud detection platform. It detects many complex types of fraud, such as technical and subscription fraud.