Subex launches new fraud management solution; shares up 5%

Moneycontrol BureauShares of Subex added 5 percent intraday Tuesday as it has launched a new version of the industry leading Fraud Management solution, ROC Fraud Management 8.3."ROC Fraud Management is optimised for big data and efficiently handle huge amount of data - to cater for exponential growth in transactions in 4G/LTE and data/IP product areas," as per BSE filing."The company also introduced the Fraud Manager's Toolkit (FMT) which is set of tools designed to provide enhanced operational intelligence and best practice measurement metrics to support fast decision making for fraud operation managers," it added.At 12:22 hrs Subex was quoting at Rs 10.10, up Rs 0.39, or 4.02 percent on the BSE.Posted by Rakesh Patil