Digital banking crime in South Africa is rising at an unprecedented rate. According to SABRIC, digital banking crime increased by 86% in 2024. Financial institutions are under growing pressure to reduce fraud without adding customer friction.

Organisations are increasingly turning to telco network intelligence to strengthen onboarding, authentication, and payment decisioning. Capabilities such as SIM Swap Status, Number Verification, Device Binding, Location Consistency, Roaming Status, IP-SIM Correlation, and Device Change Frequency provide real-time signals that help detect and prevent fraud.

These capabilities are now being standardised and exposed through the GSMA Open Gateway initiative. South African mobile operators are implementing Number Verification and SIM Swap APIs, enabling banks and insurers to integrate trusted network intelligence directly into their fraud prevention strategies.

Join us for this executive roundtable discussion, hosted by MTN in association with IDC, to explore how financial institutions can reduce account takeover (ATO), lower false positives, improve onboarding conversion, and enable safer digital products by combining AI with Open APIs.