Telecom fraud is a huge issue that affects numerous telecom operators around the world. Even with advancements in technology, mitigating telecom fraud is not an easy task and most of the currently available solutions can only help alleviate the problem to a certain degree and not entirely terminate it. Enter Calltic, the Belgium-based startup that has developed a new promising technology to detect telecom fraud.
Calltic’s solution for telecom fraud is advertised to outperforming existing CDR based solutions by a notable margin. It enables fraud control in a market which suffers an estimated fraud loss of 5 billion euros worldwide. The company says it is a single solution that is new outside the box technology capable of detecting frauds rapidly, accurately and effortlessly. The startup announced closing its Series A round of funding wherein it secured €1.5 million.