""Mobile phone fraud exceeds $80 billion annually worldwide. TransUnion's leading fraud solutions help protect businesses and consumers, and restore trust in phone communications," said Mohamed Abdelsadek, Chief Global Solutions Officer, TransUnion. "We expect that this acquisition will extend TransUnion's sophisticated voice channel capabilities to messaging, strengthening how we combat fraud and help consumers and businesses connect with greater confidence.""
""For nearly 20 years, our worldwide mobile team has delivered advanced, AI driven technologies that help protect consumers by reducing fraud and supporting trusted communications," said Rob Glaser, Chairman and Chief Executive Officer, RealNetworks Group. "Over the past eight years, our KONTXT? messaging platform has protected hundreds of millions of consumers by blocking the delivery of over eight billion spam and scam messages. We're pleased this innovative work will continue and will contribute to TransUnion's ongoing efforts to enhance consumer protection globally.""
TransUnion signed a definitive agreement to acquire the mobile division of RealNetworks to make mobile communications safer and more reliable. The acquisition will add advanced artificial intelligence, machine learning, and real-time analytics of text, multimedia messages, and phone calls to detect and reduce fraud while improving customer engagement. RealNetworks' KONTXT messaging platform has blocked over eight billion spam and scam messages and protected hundreds of millions of consumers. The mobile division brings telecom relationships, network integration experience, branded call security, and capabilities to detect synthetic and cloned voices, reducing fraud risk for carriers, businesses, and consumers.
#mergers--acquisitions #mobile-fraud-prevention #artificial-intelligence--machine-learning #telecommunications-security
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