French Mobile Operators Unite in New API Initiative
Bouygues Telecom, Free, Orange, and SFR are joining efforts to provide innovative network APIs to enhance the ability of online businesses to tackle fraud and protect digital identities.
Introduction to Network APIs
As part of the revolutionary GSMA Open Gateway initiative, these four leading mobile operators in France have launched two pioneering network Application Programmable Interfaces (APIs) – KYC Match and SIM Swap. These services are aimed at assisting app developers and enterprises in their efforts to combat online fraud and safeguard the digital identities of mobile users.
Details of KYC Match and SIM Swap
The APIs are being developed under the CAMARA standard, designed to harmonize specifications across mobile operators. Notably, France emerges as the first country globally where all major operators are implementing the KYC Match API designed to enhance the verification of new customer identities. Additionally, several operators are making Number Verification available to developers to further bolster security.
Addressing the Fraud Landscape
In recent years, France has witnessed a surge in online transactions, with figures soaring to €2.35 billion in 2023. Remarkably, 77% of these transactions occurred via mobile devices. However, this growth has been met with challenges, as 80% of companies report encountering online fraud attempts, and 45% disclose a rise in such incidents over the past year. Furthermore, digital identity theft cases increased by 40% in four years, alarming stakeholders across sectors.
Protecting Consumer Identities
The introduction of these new APIs represents an essential step towards reinforcing consumer protection. By implementing additional layers of defense against fraudulent activities, these technologies aim to significantly reduce the risk faced by mobile users.
Collaborations with Financial Institutions
The APIs have undergone extensive testing within the French market. Partnerships with key financial institutions, including BforBank and Fortuneo, have proven instrumental. These institutions leverage the KYC Match API to efficiently screen new customers, collaborating with DQE Software for optimal results. Over twenty companies in France are already utilizing these innovative telco APIs to mitigate account takeover fraud and verify customer identities during transactions and onboarding processes.
Global Impact of GSMA Open Gateway
The GSMA Open Gateway initiative is designed to nurture collaborative efforts among operators worldwide. By facilitating the development of digital products that deliver seamless operation across diverse devices and networks, the initiative represents a significant leap forward for digital connectivity. To date, 67 mobile network groups, encompassing 278 networks and three-quarters of mobile connections globally, have joined this collaborative effort alongside 26 channel partners.
Frequently Asked Questions
What are the benefits of KYC Match and SIM Swap APIs?
These APIs enhance identity verification for businesses, helping them combat online fraud effectively while protecting digital identities.
Which mobile operators are involved in this initiative?
Bouygues Telecom, Free, Orange, and SFR are the primary operators collaborating on this project in France.
How significant is the rise of online transactions in France?
France experienced a 37% increase in online transactions since the pandemic, showcasing substantial market growth.
What are the current issues regarding online fraud in France?
The rise in online fraud attempts has led to increased concerns, with significant percentages of companies reporting such incidents.
How does the GSMA Open Gateway initiative function?
The initiative aims at facilitating cooperation among global mobile operators to enhance the quality and security of digital services across markets.
