TeleSign, a provider of authentication and communication services, a wholly owned subsidiary of BICS, has announced a new partnership with Proximus, the largest telecommunications company in Belgium, the company said.
This partnership will provide TeleSign´s fraud risk product portfolio to provide regional and international companies with a presence in Belgium.
As the mobile identity ecosystem continues to rapidly evolve globally, it is more important than ever that businesses ensure the strongest authentication and verification measures to secure end-user accounts and prevent fraud, especially in the financial sector. According to PwC, almost two-thirds (65 percent) of companies in Belgium experienced economic crime in the last two years, compared to under half (49 percent) globally.
Fraud such as account take over (ATO) through SIM swap and porting attacks can be significantly expensive to both end users and businesses. With the strength of Proximus´ insights and TeleSign´s expertise, this partnership will aid businesses in complying with the new EU Payment Services Directive, PSD2 and its two core use cases — Know Your Customer (KYC) and Strong Customer Authentication (SCA).
This new partnership with Proximus highlights the increasing importance of Mobile Identity and the key role played by Mobile Operators in digital transformation. It represents a new opportunity to Mobile Operators worldwide to participate in a Global Mobile Identity ecosystem and improve the security of their end users online.
TeleSign is a trusted partner to 21 of the top 25 global websites and mobile applications, enabling them to securely and effectively communicate with billions of end-user accounts. TeleSign offers telecommunications companies like Proximus the ability to secure their customer base and protect users from fraud and identity theft.
TeleSign connects and protects online experiences with sophisticated customer identity and engagement solutions. Learn more at www.telesign.com.
The Proximus Group is a telecommunication and ICT company operating in the Belgian and international markets, serving residential customers, businesses, and public institutions. Proximus aims to open up a world of digital opportunities so that people can live better and work smarter.