AI

Ericsson, Inform partner in technology to combat money laundering, fraud

Ericsson, a provider of connectivity and other technology solutions leveraged by billions of global customers, has partnered with Inform, a developer of AI-powered technology solutions, to combat fraud and money laundering.

Image: Adobe Stock (generated with AI)

September 30, 2024

Specifically, the partnership aims to integrate RiskShield, an anti-money laundering (AML) and fraud management solution (FMS), with Ericsson's Mobile Financial Services Platform.

The partnership is designed to serve a range of users, including communication service providers, fintechs, and banks.

"Our collaboration with INFORM aims to elevate the value we provide to our customers in the face of increasingly sophisticated threats," Michael Wallis-Brown, head of Ericsson Mobile Financial Services, said in the release. "As financial crime and malicious activities become more advanced, utilizing 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."

Roy Prayikulam, Senior Vice President Risk & Fraud at INFORM, says:

"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," Roy Prayikulam, SVP of risk and fraud at Inform, said in the release. "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."