Boost Mobile Money Security: Edrflow’s Fraud Detection & Tax Adherence

Cdrflow cashflow dashboard

Mobile Money Security

Introduction to Mobile Money 

Mobile money refers to the use of mobile phones or other mobile devices to perform financial transactions, such as sending or receiving money, paying bills, and making purchases. This technology has completely changed how individuals access financial services around the world, particularly in regions where traditional banking services are either sparse or nonexistent.

A mobile money account, which is often kept by a mobile network operator or a financial institution, is linked to a user’s cell phone number for mobile money to function. The user can then use an approved agent to make a deposit into their account or a mobile money transfer service, and they can make withdrawals from their account by going to an agent or using an ATM.

Pros and Cons of Mobile Money

Numerous advantages of mobile money include increased financial inclusion, decreased transaction costs, fiscal inclusion, and enhanced security. It has been proven to be especially helpful in underdeveloped nations where many individuals lack access to conventional financial services. Small businesses and entrepreneurs have also grown to love mobile money since it makes managing their accounts and conducting commercial transactions more convenient and effective.

Mobile money does come with some difficulties, though, including the requirement for suitable infrastructure and regulatory frameworks, worries about security and fraud, problems with interoperability between various mobile money platforms, SIM owner identity, and concerns about security and fraud. Despite these difficulties, mobile money continues to gain acceptance worldwide and is anticipated to contribute significantly to the world economy over the next few years.

Some Mobile Money Suppliers

Leading suppliers of mobile money platforms and services include Ericsson TecnoTree, and Comviva. Although their platforms share some features, functionality, and target markets, they also have some differences.

Mobile network operators can provide their consumers with various financial services, including payments, transfers, and microfinance.

To offer their mobile money systems and services, Ericsson, TecnoTree and Comviva, as well as other players collaborate extensively with established mobile network operators.

While the operators provide the customer base, marketing, and distribution channels, they provide the technology, infrastructure, and expertise required to launch and manage mobile money services.

The role of financial regulators

To promote financial inclusion, safeguard consumers, and ensure the security and stability of mobile money services, regulators play a critical role. To monitor and oversee the mobile money industry, including identifying and preventing fraud and guaranteeing compliance with tax declarations, laws, and regulations, they depend on reliable and normalized data.


To sum up, there are many different parties in the mobile money ecosystem, including mobile network operators, mobile money providers like Ericsson, TecnoTree, Comviva, aggregators, and regulators. Each of these parties is essential to the success and stability of mobile money services and the advancement of financial inclusion and consumer safety.


Introduction to EDRFlow Engine

What is EDRFlow

EDRFlow is a powerful platform designed specifically for financial regulators who need to analyze and compare mobile money transactions within the mobile industry. The platform reads EDR raw files from financial institutions and mobile network operators before normalizing and aggregating the data for quick and precise analysis. With EDRFlow, regulators can quickly spot fraudulent activity and guarantee that tax laws and regulations are being followed.

Enormous quantities of data are simple to access and analyze with EDRFlow’s user-friendly interface. Regulators may compare transactions across different providers with ease thanks to the platform’s normalization process, which eliminates duplication and standardizes data formats. After streamlining it for quick querying, the aggregated data offers insights into mobile money transactions that are instantly available. Even if the mobile money issuer is not a mobile operator, like Waves, other sources of info and data can be used to reach and achieve the same analytics purpose.

EDRflow use cases

Catch Fraud and Protect Financial Systems

EDRFlow serves as an indispensable ally for financial regulators in their ongoing battle against fraud. With its sophisticated algorithms and advanced analytics, EDRFlow swiftly detects suspicious activities, anomalies, and fraudulent transactions. By promptly identifying and addressing fraudulent behavior, regulators can safeguard the interests of both consumers and stakeholders, reinforcing trust and confidence in mobile money services.

Ensure Tax Compliance and Financial Transparency

EDRFlow empowers regulators to accurately calculate taxes associated with mobile money transactions. By providing a reliable and efficient mechanism for tax calculation, EDRFlow helps regulators ensure compliance with tax laws and regulations. This fosters financial transparency, promotes accountability, and facilitates effective revenue collection for governments, paving the way for sustainable economic growth.

Analyze Revenues and Costs with Precision

EDRFlow enables comprehensive analysis of revenues and costs within the mobile money ecosystem, empowering regulators to gain valuable insights into the financial performance of stakeholders. By evaluating revenue streams and cost structures, regulators can make informed decisions, implement effective policies, and drive the growth and development of mobile money services. EDRFlow’s advanced analytics and reporting capabilities provide regulators with the necessary tools to assess the financial landscape accurately.

In addition to fraud detection and prevention, revenue assurance and billing analysis, and network performance monitoring, EDRFlow is a flexible platform that may be utilized in many regulatory use cases. Regulators can make decisions that advance financial stability and consumer protection with the help of EDRFlow because they can trust the integrity of their data.

EDRFlow is, in general, a crucial tool for financial authorities that need to compare and evaluate mobile money activities across the mobile industry quickly and accurately.

EDRFlow = CDRs + Mobile Money

For many firms, especially those in the telecommunications sector, the analysis of Extended Detail Records (EDRs) is essential. But when dealing with substantial amounts of data, EDR analysis can be challenging and time-consuming.

Data Ingestion, Data Normalization, and Data Aggregation are the platform’s three main processes.

  1. Data Ingestion: The data is analyzed after being read from EDR raw files sent by both stakeholders. The information is subsequently added to an initial buffer table that is made for micro-level searches. The buffer table is designed for quick data insertion, making it possible to analyze massive amounts of data effectively.
  2. Data Normalization: This step takes over after the data has been imported. This procedure standardizes data formats from across different mobile money platform vendors, removes unnecessary information, normalizes the data, and finds and fixes problems. The normalized data is stored in a form that makes macro-level queries quick and effective.
  3. Data Aggregation: The last step in the data aggregation process is the creation of many aggregated tables including all the normalized data. This table is intended to respond quickly to queries requesting data from several sources and is geared for speedy searching.

Targeted Advantages of Edrflow

Businesses that manage substantial volumes of EDR data can profit from the platform in several ways. These advantages consist of:

  • Greater flexibility in evaluating data from various sources; improved efficiency, accuracy, and speed in analyzing EDR data; quicker response times for micro- and macro-level queries.
  • Error reduction and enhanced data quality

Other Use Cases

The platform can be utilized in a variety of scenarios, such as:

  • Fraud prevention and identification
  • Network performance tracking and optimization
  • Billing and revenue assurance analysis
  • Segmentation and analysis of consumer behavior
  • MM Platform Support

EDRFlow supports three platforms

  1. Mobiquity, a cloud-based mobile money platform from Comviva, enables operators to launch and grow their mobile money services because of its flexibility and modular design swiftly and inexpensively. The platform offers several functionalities, including airtime top-ups, bill payments, transfers, payments for goods and services, and value-added services like loyalty schemes and mobile advertising. The Comviva platform also has tools for risk management and fraud protection, like alerts and transaction monitoring.
  2. Ericsson’s mobile money platform, dubbed Ericsson Wallet Platform. Because the platform is scalable and adaptable, operators can customize the service to meet their unique needs and market circumstances. The platform from Ericsson also has security and fraud-prevention tools, like real-time transaction monitoring and biometric authentication.
  3. The digital BSS solutions from Tecnotree assist telecom operators in streamlining their business processes, improving customer satisfaction, and generating more income. Through social media, mobile apps, and web portals, the company’s customer engagement solutions offer personalized, contextual customer experiences. Telecom operators can introduce new services and revenue streams in the quickly expanding IoT sector thanks to Tecnotree’s IoT solutions.


EDRFLow platform has a wide range of uses and advantages, particularly in identifying and preventing fraud while assuring adherence to tax declaration, laws, and regulations. The platform is adaptable, effective, and accurate, providing government and financial regulators with the information they need to optimize their operations and make wise decisions.

EDRFlow is the ultimate solution for financial regulators seeking to streamline their operations, enhance their regulatory oversight, and enforce compliance within the mobile money sector. With EDRFlow, regulators can efficiently combat fraud, ensure tax compliance, and perform in-depth financial analysis, ultimately promoting a secure, transparent, and thriving mobile money environment.

EDR Backbone