VIVA wins ‘Busi­ness In­no­va­tion in Risk Man­age­ment 2016’ Award

Kuwait Times - - BUSINESS -

VIVA, Kuwait’s fastest-grow­ing and most de­vel­oped tele­com op­er­a­tor, is pleased to an­nounce that it has been rec­og­nized un­der the cat­e­gory “Busi­ness In­no­va­tion in Risk Man­age­ment” for the year 2016 dur­ing the Annual Ex­cel­lence Awards for Rev­enue As­sur­ance and Fraud Man­age­ment (RAFM) spon­sored by Subex Ltd at their 13th edi­tion of Global User Con­fer­ence held at Jaipur, In­dia on 26th Oc­to­ber 2016.

Subex Op­er­a­tor ex­cel­lence awards are one of the key events in the in­dus­try cal­en­dar with nom­i­na­tions com­ing in from 200+ op­er­a­tors/com­mu­ni­ca­tion ser­vice providers across the world. The awards cel­e­brate the in­no­va­tive ap­proach to Risk mit­i­ga­tion, unique prac­tices and out of box method­ol­ogy and set the bench­mark for out­stand­ing per­for­mance through­out tele­com in­dus­try.

On this oc­ca­sion, Eng Sal­man Bin Ab­du­laziz Al-Bad­ran, CEO at VIVA said: “Since its in­cep­tion, VIVA is com­mit­ted, through its suc­cess­ful strat­egy, to play the lead­ing role not only on op­er­a­tional level but also by ap­ply­ing the best prac­tices and pro­fes­sional stan­dards across all VIVA sec­tors, di­vi­sions and de­part­ments that sup­port VIVA’s ac­tiv­i­ties and plans. Ob­tain­ing Busi­ness In­no­va­tion in Risk Man­age­ment Award for the year 2016 is a big achieve­ment and VIVA is proud of. Def­i­nitely, this award re­flects the ef­forts ex­erted by the Finance sec­tor at VIVA and the rev­enue as­sur­ance team. He added: “VIVA is keen to ap­ply all the new and advanced sys­tems to mit­i­gate the risk and to be in line with our prin­ci­ples, val­ues and pro­fes­sional stan­dards. There­fore we al­ways seek to con­cen­trate our ef­forts to achieve the best re­sults through in­te­grated pro­fes­sional team in timely and ef­fi­ciently man­ner”.

Ab­du­laziz Ab­dul­lah Al-Qatie, CFO at VIVA said: “The awards prove ef­fec­tive and out­stand­ing ef­forts ex­erted by VIVA’s Finance and Rev­enue As­sur­ance team to build the most in­no­va­tive ap­proach in risk man­age­ment. This award is con­sid­ered a great achieve­ment if we com­pare the short life pe­riod of VIVA to the other big tele­com and com­mu­ni­ca­tions op­er­a­tors in the world.”

VIVA’s Rep­re­sen­ta­tive at the awards Sai De­vata, Fi­nan­cial Con­trol Di­rec­tor, said: “At VIVA we have ex­tended the scope of RAFM in sev­eral di­rec­tions si­mul­ta­ne­ously and adapt to the tech­no­log­i­cal changes in the in­dus­try thus cre­at­ing com­pe­tent pro­cesses to mit­i­gate po­ten­tial risks proac­tively. VIVA also up­graded its sys­tems and au­to­mated the high risk con­trols whilst out­sourc­ing some of the work in or­der to ac­cess the best skills avail­able in the mar­ket.”

The award’s jury was com­posed of in­de­pen­dent panel of ex­pert judges from Or­ange Group, Time Warner Ca­ble and Black Swan.

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