Posts filed under ‘Mobile Banking’
Derdack, provider of mobile messaging platforms and notification workflow software today announced that al khaliji, a next generation bank based in Qatar, is live on message master(R) xsp. Derdack’s mobile messaging platform has become an integral part of a dynamic and reliable technology base that will support the bank’s strategic business objectives.
Message master(R) xsp met our current and future business requirements better than any other system. We were impressed with its flexibility, ease of use and range of messaging functionality. It has proved to be a reliable and stable system that is easy to configure and maintain, said Ahmad Kandeel, Principal, Information and Communication Technology, al khaliji.
The Qatar Central Bank requires all retail banks to provide SMS confirmations and advices whenever a banking transaction or event takes place. By confirming each element of account activity suspicious transactions can be immediately queried thus minimising the risk of fraud.
The number of mobile phone subscribers that use their phones for mobile banking transactions will exceed 150m globally by 2011, according to a new study by Juniper Research. These figures refer to additive banking which is focused on developed markets rather than transformational banking.Additive banking in this context adds further choices or distribution channels for banks to serve their customers or make the banking experience more convenient for existing customers.
The Juniper Research report determined that the mobile banking market is currently most advanced in the Far East, but that growing numbers of mobile banking services are being offered in North America and Western Europe. The developed nations of the Far East, North America and Western Europe are forecast to account for over 70% of the user base by 2011.