Ecosystem_still

MONILINK

Your Money, Your Mobile
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For Financial Institutions

With mobile penetration approaching 100% in many western markets, and growing at an exceptional rate in other territories, the mobile handset is fast becoming the 5th, and potentially most popular, banking channel.

Allowing your customers to have access to their accounts using their mobile phone has multiple benefits. It ensures that your customers can track the status of their accounts, manage their payments and, also provides an added layer of security when processing payment transactions from their internet banking accounts, using Monitise's two factor authentication technology.

The principle of the Monitises ecosystem presents a number of advantages to financial institutions:

  • The service is connected using the existing ATM infrastructure. This significantly reduces the time and expense required for integration since it does not require the development of new gateways in order to deploy the service
  • It ensures that consumers across multiple mobile networks have access to the service, removing the requirement for individual agreements between carriers and financial institutions
  • The use of an 'industry standard' interface aids consumer adoption on a broad scale
  • The ability to generate revenue from merchant services, such as pre-pay account top-ups
  • Improving the quality of enquiries to bank call centres, by delivering simple enquiries through an automated channel
  • A clear line of sight to Near Field Communication [NFC] payment services

Many of the worlds leading financial institutions, including HSBC Group and RBS Group trust Monitise to provide their mobile banking services. Contact our team to find out how Monitise can help build your business.