Ericsson and INFORM, a provider of Anti-Money Laundering (AML) and Fraud Management Solutions (FMS), are collaborating to explore ways of enhancing financial services security.
By combining Ericsson expertise with INFORM’s advanced AML and FMS capabilities, the companies aim to support Ericsson’s global customer base – including Communication Service Providers (CSPs) and enterprises such as banks and fintech companies – to mitigate financial risks, detect and prevent fraud, and secure ecosystems.
The collaboration represents a significant evolution of Ericsson’s Mobile Financial Services business, providing cutting-edge tools for combating financial crime in the current complex financial landscape.
It also aims to address the growing complexities in the financial services sector, including sophisticated fraud schemes and money laundering tactics that exploit system vulnerabilities.
“Our collaboration with INFORM aims to elevate the value we provide to our customers in the face of increasingly sophisticated threats,” explains Michael Wallis-Brown, Head of Ericsson Mobile Financial Services.
“As financial crime and malicious activities become more advanced, utilising INFORM’s cutting-edge AML and fraud management capabilities alongside Ericsson solutions will help CSPs and enterprises to better detect, prevent, and combat these threats.
This potential enhancement would not only safeguard their operations but also support their growth in a secure and resilient environment.”
For more than a decade, Ericsson’s Mobile Financial Services has been one of the leaders in the digital financial and mobile money sectors, supporting more than 114 million active users in 24 countries.
It processes more than 36 billion transactions annually, topping $501 billion.
With its open architecture and extensive API offerings, the platform enables rapid deployment and scaling of services, delivering a seamless, secure, and efficient digital financial experience for both digital wallet enterprises, and now even digital banking providers.
“We are excited to expand our collaboration with Ericsson to provide our cutting-edge RiskShield platform for Hybrid AI-powered AML and fraud management to their customers worldwide,” says Roy Prayikulam, Senior Vice President Risk & Fraud at INFORM
“By combining our advanced analytics and dynamic rule-making capabilities with Ericsson’s extensive reach and expertise in mobile financial services, we are confident that we can help create a safer and more secure financial ecosystem for all.”
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