Safaricom and Neural Win Award for M-Pesa AML

Last week Neural Technologies and Safaricom were recognized at the Global Telecoms Business Innovation Awards for the anti-fraud, anti-money laundering (AML) monitoring they have implemented for M-Pesa, Safaricom’s wildly successful mobile money service.

Patrick Kinoti, Head of Revenue Assurance at Safaricom, said:

This project exceeded our expectations and I am pleased to have won this global award. Since its implementation, we have undertaken a number of investigations and closed down fraud and money laundering rings, and passed details of suspected criminals onto the authorities. It is both impressive and game-changing within the industry.

The award was one of several given in the ‘Mobile Infrastructure Innovation’ category.

Eric Priezkalns
Eric Priezkalns
Eric is a recognized expert on communications risk and assurance. He was Director of Risk Management for Qatar Telecom and has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and others.   Eric was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He was a founding member of Qatar's National Committee for Internet Safety and the first leader of the TM Forum's Enterprise Risk Management team. Eric currently sits on the committee of the Risk & Assurance Group, and is an editorial advisor to Black Swan. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.   Commsrisk is edited by Eric. Look here for more about Eric's history as editor.