Symmetry Solutions Acquires PRISM Fraud Intelligence Service and Its Global Customer Base of Leading Telecommunications Providers
Warwick, United Kingdom - 01 August 2022 - Symmetry Solutions Limited, a supplier of data and revenue integrity and analytics solutions to the telecommunications sector, has acquired the entirety of the PRISM database and associated anti-fraud services from Yates Fraud Consulting, including their clientele of over 60 major telecoms providers and other businesses around the world.
Revenue Assurance, figures show improvement, but is still a persistent problem
The latest Revenue Assurance report published by the Risk Assurance Group (RAG) shows that losses from leakage and errors have either gone down or stabilized since the previous report in 2020. But as seen in the charts below, revenue loss is still a fundamental problem and a persistent headache for telecom operators around the world with significant financial losses.
From Reporting Assurance to Finance Assurance – a natural evolution
It has been over two decades since telecom risk management professionals started talking more than just fraud and started to evangelise the concept of measuring broader revenue losses and leakages within their businesses and the term ‘Revenue Assurance’ was born. Today, the maturity of this operational function has moved to a more encompassing term of ‘Business Assurance’.
Centralising Reference Data
We now live and work in the most demanding and challenging business environments ever seen. The impact of a global pandemic, has put unforeseen pressure on business and corporations to compete for every customer and every drop of revenue whilst maintaining optimal and streamlined efficiency.