Mobile Banking
Our solution is a flexible and extensible mobile banking platform, allowing financial institutions to offer banking services on the customer’s mobile phone. The solution is mobile operator and device independent and it conveys a wide range of mobile banking services, including account enquires, fund transfers, bill payment, and many others. |
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| Mobile Banking offers significant advantages over competing solutions: |
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| Features |
| Off-the-shelf functionality includes: |
- Account and transaction enquiries: account balance, account details, recent transactions, transaction details, etc.
- Fund transfers: between own accounts, to third party accounts, interbank, etc.
- Bill Payments and mobile phone top up: utility payments, payment to any registered payee, cards top-up, etc.
- Settings and alert management: change frequency of statements, thresholds for alerts on account operations, etc.
- CRM support: request customer support, etc.
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| Any further functionality exposed by the bank core systems can be easily added. |
| Dynamic extensibility |
| New functionality can be dynamically added to applications already deployed to customers’ phones, with no need to download and reinstall the application from scratch. |
| Strong security model framework |
| We provides a strong and proven security model, based upon a combination of user activation, multi-factor user authentication, end-to-end encryption, application level cryptography, validation of phone number and manufacturer serial number, software signing. |
| Available on multiple channels |
| Mobile Banking is available on a full suite of mobile channels: |
- Client application: an application downloaded and installed to customer’s phones. This is the preferred channel and offers the full value of Mobile Banking: highly secure, quick and friendly access to all banking functions;
- Mobile browser: an optimized mobile web site which enables customers to execute Internet banking-like activities directly within their phone standard browser, with no need to install custom software;
- SMS, USSD: a simplified banking product which enables customers to execute basic account activities such as balance or transaction enquiries by means of standard SMS or over the USSD channel of mobile operators.
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| Based on open standards |
| Mobile Banking is based on open standards and can be integrated with existing Core Bank Systems via various middleware and EAI interfaces. It offers a unique set of rapid development tools which reduce the time required for customization, integration, and extension of the mobile banking feature set. |
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| The Mobile Banking Platform |
| The Mobile Banking platform provides the easiest, fastest, most cost-effective way to develop and operate mobile data services. It is an open and flexible solution that enables all players in the mobile financial services ecosystem to mobilize and distribute their services. Solutions powered by Lotus Media run every day on hundreds of different phone models in more than 130 countries worldwide. |
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| The Mobile Banking Platform allows easy deployment of any existing service over multiple mobile channels: |
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Rich Client Application, for the best possible user experience and security |
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Mobile browser, when downloading an application is not an option |
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SMS, USSD, to support even the most basic phones |
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