New Platform Enhances Security for UAE Mobile Money Providers

Sep 14, 2026

72 min

Sep 14, 2026 03:31

New fintech reconciliation and fraud detection platform helps UAE mobile money providers safeguard their revenue

## Introduction of Assure Fintech

LATRO, a global technology firm with a presence in Dubai, has launched Assure Fintech, a platform designed to address compliance and fraud challenges in mobile money ecosystems. This solution is particularly relevant as mobile money services expand, with the global ecosystem processing over $2 trillion in transactions in 2025.

## Challenges for Mobile Money Providers

Mobile Network Operators (MNOs) are increasingly involved in digital financial services, which introduces new risks related to reconciliation, fraud, and regulatory compliance. Research indicates that revenue leakage and control weaknesses can cost operators significantly, with potential losses ranging from 0.5% to 10% of annual revenue.

## Growth in the UAE Fintech Market

In the UAE, the fintech market is expected to grow from $3.16 billion in 2024 to $5.71 billion by 2029. Mobile payment providers are expanding into international remittances and short-term lending, necessitating stronger financial controls and compliance capabilities.

## Features of Assure Fintech

Unlike traditional platforms, Assure Fintech is specifically designed for mobile money and digital financial services. It reconciles data, validates transactions, and flags discrepancies for investigation. The platform also monitors various risks, including agent fraud and suspicious transaction patterns, and integrates with existing infrastructure.

## Impact and Benefits

Assure Fintech has already demonstrated its effectiveness by supporting a mobile money provider with 3.5 million subscribers. Within 24 hours of implementation, the platform identified billing leakage and operational risks, allowing for timely corrective actions.

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