Wireless Carrier
The Challenge
In the telecom industry, fraud resulting from insufficient ID verification procedures can take months to be discovered. And with every day that passes, a company loses money, loses trust, or lose brand integrity. That’s why telecom companies need an effective, accurate, and seamless solution to easily onboard and authenticate customers.
1Kosmos began working with this company in November 2019 and saw the COVID-19 pandemic quickly shift end user orders from retail more toward digital, meaning there was a greater opportunity for fraud, and a more urgent need for a fraud-stopping digital authentication and verification solution.
1Kosmos began working with this company in November 2019 and saw the COVID-19 pandemic quickly shift end user orders from retail more toward digital, meaning there was a greater opportunity for fraud, and a more urgent need for a fraud-stopping digital authentication and verification solution.
The Results
50%
Reduction in retail transaction time
97%
Successful retail transaction rate
89%
Reduction in Fraud on Day 1 of Implementation
94%
Fraud Reduction Today
“The most complete way to authenticate a customer - not even just for fraud - is by using 1Kosmos BlockID.” - Wireless Industry Carrier Executive
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