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 the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Director of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.