Seamless Telecom Regulatory Compliance for Global Networks
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Telco digital finance is riddled with various financial crimes. Siron®One ML and predictive analytics help you detect and prevent elusive financial crimes, protecting your legitimate customers and business reputation.
Challenges
Protect Your Telco Digital Finance Ecosystem Against Financial Crimes Across Jurisdictions
Siron®One helps telcos comply with ever-evolving regulations at the lowest cost, helping to build digital finance products that bridge financial gaps and bolster business goals.
Securely Onboard All Customers and Third-Party Stakeholders
In addition to their digital finance customers, telco business ecosystems have many other stakeholders, such as agents and vendors, with different onboarding requirements. Siron®One helps you perform rigorous KYC and KYB verification procedures and oversee all third-party relationships and vendor management across the telco business network.
Conduct Ongoing Transaction Monitoring & Screening
Telcos mostly require simplified due diligence during onboarding, but they also have thousands of inactive accounts that could pose risks later. Siron®One helps manage change in hibernated accounts with ongoing transaction monitoring and screening.
Prevent Fraud Related to Telecommunication and Digital Financial Services
Siron®One predictive analytics detect anomalies, prevent transactions, and protect your business from fraud.
Comply with Mobile Payment Regulations Across Jurisdictions
Telco regulations around digital remittance are complicated, go beyond AML/CTF protocols from FinCEN or FTC, and vary with location, scope, and functionality. Siron®One streamlines compliance processes on one platform and helps telcos remain compliant based on jurisdictions and specific operations.
Our Solution
End-To-End Telecom Compliance with AI & Automation
Siron®One uses AI and ML, advanced analytics, and robotic process automation to improve compliance effectiveness and reduce costs as the role of telecommunication companies grows to include digital financial service providers.
Onboarding
Siron®One’s fully automated onboarding integrates KYC information with related risk intelligence to easily onboard customers and third-party partners. It can also automatically trigger enhanced due diligence processes based on continuous risk assessment and transaction monitoring using advanced ML and predictive analytics.
Ongoing KYC
Siron®One detects changes in customers risk scores and activity in previously dormant accounts to trigger perpetual KYC and send timely alerts to mitigate criminal behavior and terrorism financing.
Transaction Monitoring
Siron®One monitors transactions continually and based on deviations, flags and stops transactions in real time to reduce the risk of financial loss.
Transaction Screening
Siron®One’s can enhance the standard solution by integrating transaction for cross-border payments, real-time AML, and high volume money exchange.
Fraud Detection
Siron®One’s AI-based adverse media scans, PEP and sanctions lists, advanced network analytics, and transaction sanctions screening work together to prevent fraud in real-time.
M-Pesa Mini Case study
M-Pesa, a global success story in telecom financial services, is Africa’s most important mobile finance provider. It gives millions of unbanked customers access to digital remittances, banking services, microfinancing and more.
IMTF deployed Siron®One on-premise to help Vodafone comply with KYC, AML, Alert and Case Management and GRF. Thanks to the scalable and AI-powered Siron One, M-Pesa processes 140+ million transactions daily for its 60+ million customer base and onboards 15K new customers daily while complying with all the telecom regulatory requirements.
Siron one-stop-shop solution for telecom compliance is modular, scalable, and easy to configure. Let us help you manage regulatory requirements across jurisdictions and operations, automating and streamlining processes to reduce compliance costs.
Our Insights
