Expanding fraud mitigation in Argentina with iconectiv's porting data

As businesses increasingly face the challenge of combating fraud, the importance of accurate and reliable data cannot be overstated. iconectiv®, a leader in connecting businesses and consumers through trusted, verified information, is at the forefront of this fight with its comprehensive mobile phone number porting data. In Argentina, a recent regulatory change has unlocked new opportunities for businesses outside the telecommunications sector to access this critical data, enabling them to enhance their fraud prevention and risk assessment strategies.

The Evolution of Number Portability in Argentina

iconectiv has been a key player in Argentina’s telecommunications landscape for years. In 2011, its subsidiary, Administradora de la Portabilidad Argentina S.A. (APA), was selected to manage and verify mobile number porting across the country. This role was expanded in 2022 to include fixed number portability, ensuring that iconectiv continues to provide crucial services in this area.

Historically, access to porting data in Argentina was restricted to global telecommunications companies working directly with local service providers. This limited access meant that only a select group of businesses could leverage porting data for routing calls and messages to the right service provider. However, a recent agreement with the Argentina Number Portability Committee has changed the landscape, allowing any company to purchase and access this valuable data for fraud prevention.

New Opportunities for Fraud Mitigation

The opening of Argentina’s porting data to a broader range of businesses marks a significant shift in how companies can approach fraud prevention. Financial institutions, insurance companies, contact centers and other enterprises can now incorporate this data into their fraud management and risk assessment platforms. By accessing up-to-date information on number porting, these organizations can quickly identify potential risks associated with recent porting activity, thereby mitigating the threat of identity theft, account takeovers and other fraudulent activities.

iconectiv’s authoritative porting data provides businesses with a powerful tool to enhance their security measures. For example, contact centers can use this data to verify the identity of callers, ensuring that they are not dealing with fraudsters attempting to take over customer accounts. Similarly, banks and financial institutions can assess the risk of new customers by checking the history of a phone number, identifying whether it has been recently ported—a potential red flag for fraud.

Enhancing Operational Efficiency and Customer Trust

Beyond fraud prevention, access to porting data also allows businesses to streamline their operations and improve customer satisfaction. By integrating this data into their systems, companies can reduce the time and resources spent investigating suspicious activities, thereby lowering operational costs. Additionally, by proactively preventing fraud, businesses can protect their reputation and build trust with their customers, leading to higher satisfaction and loyalty.

A New Era for Fraud Mitigation in Argentina

The expansion of access to porting data in Argentina represents a new era for businesses across various sectors. iconectiv, with its long-standing expertise and commitment to providing reliable and accurate data, is poised to help these businesses protect their customers and operations from fraud. As more companies outside of telecommunications recognize the value of this data, we can expect to see a significant reduction in fraudulent activities. The opportunities for leveraging this data have never been greater.

For more information, read the press release here.