KT and WeDo Technologies Collaborate on Using Artificial Intelligence to Detect Fraud

- KT (Korea Telecom) corporation and WeDo Technologies, a Mobileum
company, signed a Cooperation Agreement for AI-FMS development and
sales.

- KT's Deep Learning (DL) based AI has been implemented and tested
on WeDo's RAID FMS, the market leading fraud detection and prevention
system.

- This AI module, trained with KT Big Data, has proved to be
highly efficient and effective for a number of fraud use cases

- KT and WeDo plan to supply the AI-IRSF with the RAID to CSPs by
the end of the year

Lisbon, Portugal (ots/PRNewswire) - KT Corporation and
Portugal-based WeDo Technologies signed a Cooperation Agreement for
AI-FMS (Artificial Intelligence based Fraud Management System)
development and sales.

KT's DL (Deep Learning) based AI module has been implemented and
tested on WeDo's RAID FMS system. This AI module, trained with KT Big
Data, has showed strong results for fraud detection and prevention,
and proved to be highly efficient and effective for a number of fraud
use cases, with very high accuracy. KT and WeDo plan to supply the
AI-IRSF (AI based International Revenue Share Fraud) module with the
RAID platform to CSPs (Communication Service Providers) by the end of
the year.

AI-IRSF is an AI system that prevents a fraud that involves
hacking of IP-PBX (IP telephony exchange) to generate illegal calls
to international numbers.

With this Cooperation Agreement, KT will develop and supply more
AI based FMS modules to integrate with WeDo's Fraud and Risk
Management system. Additional AI based modules will also run on the
WeDo's system, and the modular capability of RAID will allow CSPs to
choose from different fraud detection models for their market similar
to how one chooses applications from a smartphone app store. The open
architecture of RAID will also allow other CSPs to develop their own
models as well.

WeDo Technologies is part of the Mobileum group, a leading
enterprise software and analytics company in roaming, security, fraud
and risk management serving more than 700 telecommunication providers
in more than 180 countries.

According to IDC, the global AI application market will rapidly
expand from US $15 billion (2017) to US $56 billion in 2020 with CAGR
of 55%.

KT plans to apply this AI technology with KT group's financial
subsidiary BC Card and Korea's No.1 caller info app "KT WhoWho" for
safe financial operation and mobile communication.

KT AI, that has been trained with KT group's extensive Big Data,
will secure safety and efficiency of telecommunication FMS.
Furthermore, KT will extend its AI ability to global financial FDP
(Fraud Detection and Prevention) market.

Global AI-FDP which had the market size of US $1.4 billion (about
9% share of the total market) in 2017, is expected to grow to US $5
billion in 2020.

Young Woo Kim (KT's Senior Vice President, Head of Global Business
Development Unit) said: "Within the Cooperation Agreement with WeDo,
KT's AI and Big Data technologies combined with WeDo's Global FMS
Market ability will become the very successful first step toward
global AI market advancement."

Rui Paiva (WeDo Technologies CEO and Mobileum Chief of Revenue
Assurance & Fraud Management Business Unit & CMSO) said: "This
Cooperation Agreement with KT, is a landmark development for the
fraud management market, in a path to provide deep AI fraud
prevention capabilities, successfully tested with real life data, to
the wider community."

About WeDo Technologies - a Mobileum company

WeDo Technologies, founded in 2001, is part of the Mobileum group,
a leading enterprise software and analytics company in roaming,
security, fraud and risk management serving more than 700
telecommunication providers in more than 180 countries.

Mobileum delivers analytics solutions that generate and protect
revenue, reduce direct and indirect costs, and accelerate digital
transformation for Communication Service Providers (CSP). Mobileum
focus on key CSP domains, including roaming and interconnect, counter
fraud and security, revenue assurance, data monetization and digital
transformation. Mobileum's success is built upon its unique Active
Intelligence platform, which logically combines analytics,
engagement, and action technology, with deep network insights and
easy CSP system integration to deliver seamless end-to-end solutions.
In a recent independent third-party survey of global mobile
operators, Mobileum was voted as #1 in Innovation for a group of 183
suppliers.

WeDo Technologies innovative risk management solutions analyze
large quantities of data, enabling monitoring and control of
enterprise wide processes to ensure revenue protection and risk
mitigation. In addition, its data insights empower business
management solutions that accelerate automation and optimization
across the digital enterprise, and enable efficient business
processes such as incentive compensation, collections, and wholesale
roaming management

Know more at www.wedotechnologies.com and www.mobileum.com, and
follow @MobileumInc on Twitter

Mobileum is based in California's Silicon Valley, with offices in
Argentina, Brazil, Egypt, Hong Kong, India, Jordan, Portugal,
Malaysia, Mexico, Singapore, United Arab Emirates, United Kingdom and
Uruguay.

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