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Vonage First to Launch Fraud Prevention Network APIs Across all Major U.S. Carriers
Prnewswire· 2025-11-17 16:00
Core Insights - Vonage has launched its fraud prevention Network APIs in the U.S., enabling enterprises and developers to utilize Silent Authentication and SIM Swap technologies, with notable customers including Freenow and Persona [1][3][6] Group 1: Product Features - The Silent Authentication technology allows for secure user authentication without the need for SMS one-time passcodes, resulting in three to five times faster authentication and up to eight percentage points higher conversion rates compared to traditional methods [4] - The SIM Swap detection feature identifies unauthorized SIM card changes, providing early warnings of potential account takeovers and improving fraud detection by 30-40% [5] Group 2: Market Demand and Context - Identity-related fraud affects 84% of U.S. businesses, with 77% of Americans encountering scams in the past year, highlighting the urgent need for secure digital interactions [3] - The launch of these APIs addresses the growing challenges of identity-related fraud while enhancing customer experience through seamless authentication solutions [6][3] Group 3: Industry Impact and Partnerships - Vonage's APIs leverage real-time network intelligence, setting a new standard for fraud prevention and secure digital interactions in the telecommunications industry [6] - The collaboration between telecom companies, aggregators, and developer platforms is crucial for advancing digital security, as emphasized by industry leaders [6][3]
Vonage Named North America Rising Star Partner of the Year by Verint
Prnewswire· 2025-11-06 13:30
Core Insights - Vonage has been recognized as the North America Rising Star Partner of the Year at the Verint Engage 2025 conference for its excellence in customer success and its effective use of AI-driven solutions [1][2]. Group 1: Partnership and Recognition - The award highlights Vonage's role in enhancing customer engagement and delivering significant value through its partnership with Verint [2][4]. - The collaboration between Verint and Vonage integrates Verint's AI-driven Customer Experience Automation Platform with Vonage Contact Center, providing a comprehensive solution for enterprises [3][4]. Group 2: Business Outcomes - The partnership aims to improve workforce capacity, increase revenue, and enhance customer experience through AI-powered business outcomes [1][3]. - Vonage's technology portfolio, which includes Network APIs, CPaaS, CCaaS, and UCaaS solutions, supports enterprises in reimagining digital interactions [5].
Aduna, Deutsche Telekom, mBank and Vonage Join Forces at World Banking Forum to Showcase the Future of Banking Security
Prnewswire· 2025-10-30 07:00
Core Insights - The collaboration among Vonage, Aduna, Deutsche Telekom, and mBank at the World Banking Forum aims to leverage mobile networks, APIs, and AI to enhance banking security and customer experience [1][3][6] Group 1: Industry Collaboration - The World Banking Forum in Athens gathers senior banking executives and technology leaders to discuss technological innovations in banking [1] - The partnership focuses on the integration of 5G, Network APIs, and AI to improve fraud prevention and redefine customer interactions in financial services [3][4] Group 2: Fraud Prevention and Cybersecurity - The rise of digital channels has led to an increase in fraud, with cybercrime damages projected to reach $11.9 trillion annually by 2026, necessitating advanced fraud protection strategies [2] - The collaboration aims to address current security challenges by embedding mobile network capabilities into banking applications, enhancing customer interactions while reducing fraud [3][4] Group 3: Technological Innovation - Aduna acts as an aggregator of telecom network capabilities, providing banks like mBank access to real-time verified network data, which facilitates seamless customer experiences and fraud reduction [4][6] - Vonage's Network APIs enable developers to create solutions for banks that automate verification processes, enhancing security and transforming customer experiences [6][10] Group 4: Company Profiles - mBank is Poland's fifth largest universal banking group, servicing approximately 4.7 million retail clients and 36.8 thousand corporate clients, with a focus on innovative digital banking solutions [7] - Aduna is a joint venture among leading telecom operators and Ericsson, aimed at accelerating innovation through standardized network APIs [8]
SK Telecom Partners with Aduna to Expand Global Network API Ecosystem
Yahoo Finance· 2025-09-11 17:01
Group 1 - SK Telecom Co. Ltd. is considered one of the most undervalued telecom stocks, with a new partnership with Aduna aimed at expanding developer access to standardized telecom APIs [1] - The collaboration will integrate Korea into the global network API ecosystem, utilizing the CAMARA open-source project to simplify developer interactions with network functions [2] - The initial focus of the partnership will be on high-value security and identity services, which are essential for fraud prevention and enhancing digital trust in sectors like banking and fintech [3] Group 2 - SK Telecom provides wireless telecommunication services in South Korea, operating through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses [4]
Ericsson announces completion of Aduna transaction
Prnewswire· 2025-07-29 07:21
Core Insights - Ericsson has completed equity investments by twelve global communication service providers (CSPs) into its subsidiary Aduna, establishing it as a 50:50 joint venture [1][3] - Aduna aims to combine and sell aggregated network Application Programming Interfaces (APIs) globally, enhancing collaboration and innovation in the telecom industry [1][7] Company Structure - Aduna is co-owned by Ericsson and twelve CSPs, including AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, and Vodafone [2][3] - Ericsson holds 50% of the venture equity, while the remaining 50% is held collectively by the CSPs [3] Ecosystem Development - Aduna has built an impressive ecosystem in just ten months, comprising major telecom and ICT industry players, which will accelerate the adoption of network APIs globally [4] - The ecosystem includes partnerships with additional CSPs, technology companies, global system integrators (GSI), communication platform-as-a-service (CPaaS) companies, and independent software vendors (ISV) [4][5] Strategic Goals - The CEO of Aduna, Anthony Bartolo, emphasized the importance of the closing transaction as a motivation to drive the adoption of network APIs by developers [4] - Aduna aims to encourage more telecom operators to join the venture, further enhancing the industry and developer experience [4]