Subex launches new version of fraud management soln

Bangalore-based Subex Ltd on Tuesday said it has launched a new version of the industry leading fraud management solution, ROC Fraud Management 8.3. In a filing to the Bombay Stock Exchange, the company said, “Subex launches ROC Fraud Management 8.3 Solution.” ROC Fraud Management is optimized for Big Data and efficiently handles huge amounts of data-to cater for exponential growth in transactions in 4G/LTE and data/IP product areas, it added. Alongside the new version of ROC Fraud Management, Subex also introduces the Fraud Manager's Toolkit (FMT) which is a set of tools designed to provide enhanced operational intelligence & best practice measurement metrics to support fast decision making for fraud operations managers, the company said in a statement. Meanwhile, shares of the company closed at Rs 10.08 apiece, up 3.81 per cent, from previous close on BSE.