#Paris #France #GSMA #Bouygues Telecom #Orange

French Mobile Operators Join Forces Against Online Fraud

In a groundbreaking collaboration, France's four major mobile operators, Bouygues Telecom, Free, Orange, and SFR, have launched two new application programming interfaces (APIs) under the GSMA Open Gateway Initiative. This initiative aims to provide essential tools for app developers and businesses to combat online fraud and safeguard the digital identities of mobile users. The APIs, named KYC Match and SIM Swap, are designed to adhere to the CAMARA standard, which seeks to standardize specifications across all mobile operators.

Responding to a Growing Threat

The launch of these new APIs comes in response to a sharp increase in online transactions, which surged by 37% in France since the onset of the Covid-19 pandemic. In 2023 alone, the total transaction volume reached a staggering €2.35 billion, with 77% conducted via mobile devices. However, this growth has also been met with rising concerns, as 80% of French companies reported experiencing online fraud attempts, and 45% indicated that such fraud has intensified over the past year.

Moreover, the French Ministry of the Interior has noted a disturbing 40% increase in cases of digital identity theft over the last four years, emphasizing the need for robust protective measures. The newly introduced APIs are set to act as an additional layer of defense, instilling confidence among consumers while conducting online transactions.

Innovative Solutions for Businesses

The KYC Match API enables online businesses to verify the identities of new customers, a service that is currently unique to France as all four major operators are offering this solution. Additionally, members of the developer community are provided with number verification services, enhancing the ability to combat fraud effectively. These APIs were thoroughly tested in collaboration with reputable financial institutions, such as BforBank and Fortuneo, to ensure their reliability and effectiveness in the real world.

Over twenty companies in France have already implemented these telecommunications APIs to prevent account takeover fraud, verifying customer identities during transactions and the onboarding process. This collaborative effort not only strengthens the security framework for businesses but also enhances the operational capabilities of mobile operators.

A Global Initiative with Local Impact

The GSMA Open Gateway Initiative is not limited to France; it aims to facilitate the development of digital products that function seamlessly across devices, irrespective of the country or carrier. Since its inception, the initiative has attracted 67 telecom groups representing a vast majority of mobile connections worldwide, including 278 networks and 26 distribution partners. This broad engagement underscores the global ambition to adopt standardized solutions that can address common challenges faced by the telecommunications industry.

As mobile commerce continues to evolve, the collaborative effort of these French telecom giants marks a significant shift in how digital identities are protected. By implementing innovative solutions like the KYC Match API, these companies are not only fortifying their defenses against fraud but also setting a precedent for mobile operators worldwide.

Conclusion

In conclusion, the introduction of these APIs under the GSMA Open Gateway Initiative demonstrates a proactive approach to securing online transactions in France. This initiative not only aims to protect consumers but also supports businesses in enhancing their security measures, paving the way for a safer digital landscape. As cyber threats continue to rise, the success of this collaboration may inspire similar ventures across the globe, fostering a unified front against online fraud.