GLOW LABS ELIMINATES TELCO PHONE FRAUD
Miami: August 5th 2024
GLOW LABS ELIMINATES TELCO PHONE FRAUD
Professional gangs are targeting the Telco industry worldwide. Handset theft is rising throughout the world driven - not by the average user - but by professional fraud gangs that have studied the industry and worked out how to steal phones and have done so on a mass scale. Typically, Telcos experience 2-5% fraud rates on phones…but some have rates significantly more than 10%.Glow’s tech addresses this issue and will essentially eliminate all handset fraud.
Even if a large Telco has – say 3% fraud – that is still a large aggregate $$ number that can be turned into profit. Our proprietary technology ensures that all fraudsters are blocked, reducing fraud to +/- 2-3 basis points. A massive win for Telcos. And crucially because Telcos are unsuccessfully using old blunt tech to try and deny fraudsters, they inadvertently reduce revenue by denying legitimate subs. In contrast, we not only eliminate fraud but also grow revenue by significantly elevating Accept Rates and handset sales. Glow Labs is surgical in its hunt for the fraudsters. Our tech is being deployed by multiple global Telcos today to reduce their phone fraud. More to come.
Glow: Building the Telcom AI Cloud
