Vonage, a part of Ericsson, is participating in the World Banking Forum in Athens alongside leaders from Aduna, Deutsche Telekom, and mBank. The forum focuses on advancing modern banking through technology, with a key theme being the fight against escalating digital fraud. As cybercrime damages are projected to reach $11.9 trillion annually by 2026, the collaboration highlights how the convergence of 5G, Network APIs, and AI can create breakthrough fraud protection strategies.
Quick Intel
Vonage is at the World Banking Forum with Aduna, Deutsche Telekom, and mBank to tackle banking fraud.
Cybercrime damages are projected to hit $11.9 trillion annually by 2026, demanding new solutions.
The convergence of 5G, Network APIs, and AI is key to revolutionizing fraud prevention.
Network APIs provide banks with real-time, verified network data to intelligently reduce fraud.
Aduna acts as a global aggregator, making these network capabilities accessible to developers.
Vonage's APIs give developers the tools to build secure verification processes at scale.
The Evolving Threat Landscape and a Convergent Solution
The digitization of financial services has led to a surge in sophisticated, AI-enabled fraud. This escalating threat, coupled with tightening regulations, makes advanced defense strategies critical. At the forum, industry leaders are discussing how embedding mobile network capabilities directly into banking applications via APIs provides a powerful solution. This approach leverages verified network data to enhance security without creating friction for the customer. "From a telecom perspective, the digitization of banking has significantly increased demands on network security. Deutsche Telekom is committed to offering specific network APIs that directly address these evolving fraud and security needs," said Andrzej Ochocki, Head of Identity Management at Deutsche Telekom.
How Network APIs Enable Secure and Seamless Banking
The ecosystem involves telecommunications providers, aggregators like Aduna, and developer platforms like Vonage. Aduna standardizes and aggregates network capabilities from global telcos, which Vonage then exposes to developers through its APIs. This allows financial institutions like mBank to integrate these capabilities directly into their fraud and authentication workflows. "Vonage Network APIs give developers a platform to build solutions for banks to automate verification processes at scale, leveraging programmable network capabilities and verified network data for fraud protection," said David Darmon, VP of International Sales, API, at Vonage.
The collaboration showcased at the World Banking Forum signals a strategic shift in combating financial fraud. By leveraging the intrinsic security of telecom networks through APIs, banks can build a more robust defense system. This not only reduces revenue loss but also transforms the customer experience by making high-level security seamless and integrated directly into digital banking interactions.
The World Banking Forum brings together senior banking executives, regulators, and technology leaders for focused discussions and practical insights. The program, built on independent research and real-world experience, delivers clear perspectives on trends shaping modern banking, from digital transformation and security to payments innovation, regulation, risk, and customer experience.
Set up in 1986, mBank is Poland's fifth largest universal banking group in terms of total assets (at the end of H1/2025). The bank services approximately 4.7 million retail clients and 36.8 thousand corporate clients in Poland and nearly 1.2 million retail clients in the Czech Republic and Slovakia. The institution's offering includes retail, SME, corporate and investment banking as well as other financial services such as leasing, factoring, commercial real estate financing, brokerage, wealth management, distribution of insurance, corporate finance and advisory in the scope of capital markets. Commerzbank is mBank's strategic shareholder and owns 69.0% of the shares.
Aduna is a landmark venture between some of the world's leading telecom operators and Ericsson, dedicated to enabling developers worldwide to accelerate innovation by leveraging networks to their full potential via common network Application Programming Interfaces (APIs). Its venture partners include AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, and Vodafone. Aduna's developer partner platforms include Google Cloud, Infobip, Sinch, and Vonage. By combining network APIs from multiple operators globally under a unified platform based on the CAMARA open-source project, driven by the GSMA and the Linux Foundation, Aduna provides a standardized platform to foster collaboration, enhance user experiences, and drive industry growth.
Vonage, a part of Ericsson, creates technology that empowers enterprises and equips developers to lead in the next era of digital transformation. Its AI-powered platforms and tools enable new value creation and innovative customer experiences across mobile networks and the cloud.
The company's technology portfolio includes Network APIs, CPaaS, CCaaS, and UCaaS solutions. Trusted by enterprises across industries and embraced by developers around the world, Vonage is committed to reimagining every digital interaction.
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