Today, fraud prevention company ValidSoft announced a partnership with Utiba, a mobile payments company that  supports 500 million subscribers and processes over 12 billion transactions per year.

Singapore-based Utiba selected ValidSoft’s Secure Mobile Architecture for Real-time Transactions (SMART) security program to secure its mobile financial services:

“Utiba’s more than 40 Mobile Network Operators (MNOs) and banking customers worldwide will be able to offer advanced, user-friendly authentication options using ValidSoft’s proprietary technology.”

Those 40 MNOs and banking customers equate to 500 million end-users that have access to Utiba’s platform and will benefit from the Secure Mobile Architecture.

To learn more about ValidSoft, watch its FinovateEurope 2012 demo.