A naukri.com initiative
Alertify
3w
192
Image Credit: Alertify
France Leads the Charge in Digital Identity Protection with GSMA’s KYC Match and SIM Swap APIs
- As part of the global GSMA Open Gateway initiative,France Open Gateway APIs, France’s four leading mobile operators—Bouygues Telecom, Free, Orange, and SFR—announced they will join forces to provide services designed to help app developers and enterprises tackle online fraud and protect the digital identities of mobile customers.
- The operators are launching two network Application Programmable Interfaces (APIs) for the French market – KYC Match and SIM Swap – developed to the new CAMARA standard, which aims to align specifications across mobile operators.
- France is the first country in the world where all four major operators are launching the API called KYC Match, which strengthens how online businesses can verify new customer’s identities.
- France has seen a 37% increase in online transactions since the COVID-19 pandemic, totaling €2.35 billion in 2023, with 77% of these taking place over mobile devices. But alongside this, 80% of French companies say they experienced online fraud attempts with 45% stating that online fraud has increased over the last 12 months.
- The two services, or France Open Gateway APIs, that the French operators are making available to enterprise developers are:
- KYC Match: Allowing businesses to cross-check customer-provided information with the verified records maintained by the user’s mobile network operator as part of their KYC (Know Your Customer) process.
- SIM Swap: Is to be used to check whether a given phone number has recently changed SIM cards. This helps mitigate account takeover attacks, in which fraudsters take control of the account owner’s SIM card using social engineering techniques and stolen personal data.
- The operators intend to include a third API, which some are already providing, called:
- Number Verification: this can be used to verify a customer’s mobile number by providing the next generation of strong authentication and user experience.
- By bringing together operators from around the world, the GSMA Open Gateway initiative facilitates the design of digital products capable of operating seamlessly on all devices.
Read Full Article
11 Likes
For uninterrupted reading, download the app