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

LATRO, a Dubai-based technology and managed services provider, has launched Assure Fintech, a platform designed to address the growing compliance and fraud concerns within mobile money ecosystems. The global mobile money industry processed over $2 trillion in transactions in 2025, highlighting the rapid expansion of mobile money services.

As mobile money providers (MMPs) and mobile network operators (MNOs) increasingly offer digital financial services, they face heightened risks related to reconciliation, fraud, and regulatory compliance. Industry estimates suggest that revenue leakage and control weaknesses can cost operators between 0.5% and 10% of their annual revenue, totaling billions of dollars worldwide.

In the UAE, the fintech market is expected to grow from $3.16 billion in 2024 to $5.71 billion by 2029, with mobile payment and digital financial services expanding into areas such as international remittances and short-term lending. To tackle these challenges, Assure Fintech offers a purpose-built financial assurance layer specifically designed for mobile money and digital financial services.

This platform reconciles data between the core mobile money system and its financial partners, validates transactions and fees, and flags discrepancies for investigation. It also monitors risks such as agent fraud, account takeover, SIM-swap fraud, suspicious transaction patterns, and KYC failures. Assure Fintech integrates seamlessly with existing infrastructure and employs both standardised controls and configurable rules tailored to each provider's services and risk profile.

For UAE providers, these controls can aid in monitoring international remittances, investigating payments placed on hold, and addressing accounts after customers' Emirates IDs expire. Donald Reinhart, LATRO's Chief Executive Officer, noted that mobile money services in the UAE are rapidly evolving, and the platform is tailored to meet the increasing regulatory demands.

In a recent case, Assure Fintech assisted a mobile money provider serving 3.5 million subscribers, processing 1.7 million daily transactions and managing over 1,000 partner integrations. Within 24 hours of implementing the controls, the platform detected billing leakage and operational risks that had previously gone unnoticed, allowing the provider to correct underlying configuration issues before further financial losses occurred.