Smartworld, a joint venture between Etisalat and Dubai World Central, has signed a partnership deal with Singapore-based technology provider TrustSphere to bring their advanced Relationship Analytics technology to the Middle East.  

TrustSphere’s software will help Smartworld’s clients enhance their internal risk and governance functions, said a statement.

Smartworld is a leading emerging technology provider with a track record of developing and delivering cutting-edge digital solutions to government agencies, telecommunication operators, SMEs and large enterprises in the region.

The smart services provider’s innovative digital systems will enable digital economic growth across the Gulf, Middle East and Africa.

TrustSphere’s analytics will improve a corporate investigator’s ability to identify and prevent internal fraud. By understanding communication patterns and flows, real time insights can be delivered to management enabling them to better manage risk and improve compliance.

Information technology theft continues to be a major threat to businesses and can add huge cost to the company. According to a Kroll Business Intelligence and Investigations study, more than 60 per cent of business frauds were internal.  Experts emphasise on the need for better analysis and strong risk and fraud prevention mechanisms in place for companies.

Ahmed Qurram Baig, senior director for Corporate Strategy, Risk and Excellence, Smartworld, said: “TrustSphere’s relationship analytics platform plugs a major blind-spot for organisations in the Middle East. Through this partnership with TrustSphere, our customers can better manage risk, reduce fraud and improve compliance.”

Manish Goel, chief executive officer of TrustSphere, said: “We are delighted to be partnering with Smartworld who are a true market innovator with an excellent customer base.   Working with Smartworld will ensure their customers can enjoy the benefits of our capabilities with the support of an outstanding regionally based managed solutions provider.” - TradeArabia News Service