Subex, a leading telecom analytics solution provider, has been selected by ElevenPaths, Telefonica Cybersecurity Unit to offer a Fraud Management-as a-Service (FMaaS) solution. Telefonica is one of the world's largest telecommunications companies, with a global presence in 21 countries and an average of 125.000 professionals and 350 million accesses.

The agreement between Telefonica and Subex will result in the new ’Telefonica FMaaS Powered by Subex' to protect against a comprehensive set of digital risks and threats, along with a library of fraud detection processes. The solution addresses Subscription Fraud, Internal Fraud, Premium Rate Service Fraud (PRS Fraud), and International Revenue Share Fraud (IRSF), amongst others. Additionally, ROC Fraud Management technology deployed by Subex will deliver the ability to deploy client-specific detection processes, techniques and strategies, based on particular business needs at each site.

''We are excited to partner with Telefonica for enabling Subex's industry leading ROC Fraud Management Solution. In the process of undergoing digital transformation, organizations today foresee emerging threats and newer frauds, due to which customers are demanding real-time and proactive fraud management solutions. This partnership is an important step to make our customers more successful in the years to come whilst they transform themselves for the Digital Journey ahead,'' said Surjeet Singh, CEO & MD, Subex.

Shares of the company gained Rs 0.11, or 1.05%, to trade at Rs 10.55. The total volume of shares traded was 54,984 at the BSE (9.23 a.m., Thursday).