IT provider CGI Group Inc. and mobile banking and payment provider Monitise plc announced they are partnering on a mobile money solution for financial services and payment companies based on Monitise's technology platform. The new venture will combine the IT and consulting services of CGI-subsidiary Logica with Monitise's mobile money capabilities, the companies said.

The actual offering of the new alliance will be mobile banking, payment and commerce solutions that will help financial services companies leverage the mobil channel. The companies said they will deliver functionality like payment and statement services as well as more complex services such as buying insurance policies.

"The industry is at a tipping point — for some time, many banks have been developing their own home-grown bespoke efforts," said Alastair Lukies, Monitise Group's chief executive. "The shift is now underway towards a platform approach to better meet demands for time-to-market pressures, interoperability and future proofing."

For CGI, Lode Snykers, Financial Services Global Industry Lead, said his company's clients recognize that mobile is not just another channel, but is fast becoming a first choice for banking conumsers accessing services. "People take their mobile devices pretty much everywhere making them the single easiest route for banks to provide services," Snykers said. 

"Whilst many financial services companies have already launched initial mobile services, our aim is to help them create solutions which consumers will use time and time again," Snykers said.

The alliance between CGI and Monitise will focus on European retail banks in the U.K., Benelux, Nordics, Germany and France to begin with, the companies said.

Read more about mobile banking.

Related Content

User Comments – Give us your opinion!
Products & Services

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

Managed API Exposure

http://global.networldalliance.com/new/images/products/7051.png

7051/Managed-API-Exposure

TIO Mobile Pay

http://global.networldalliance.com/new/images/products/4446.png

4446/TIO-Mobile-Pay

Advertising & OTO Marketing System – WWS One to One Marketing …

http://global.networldalliance.com/new/images/products/6215.png

6215/Advertising-OTO-Marketing-System-WWS-One-to-One-Marketing-Campaign-Manager

Infobip 2 Way SMS

http://global.networldalliance.com/new/images/products/6123.png

6123/Infobip-2-Way-SMS

Digital Signage Application – WWS Seegnage Manager

http://global.networldalliance.com/new/images/products/6221.png

6221/Digital-Signage-Application-WWS-Seegnage-Manager

Cellum Top-Up

http://global.networldalliance.com/new/images/products/6741.png

6741/Cellum-Top-Up

White labeled mobile payment platform

http://global.networldalliance.com/new/images/products/6117.png

6117/White-labeled-mobile-payment-platform

Total-Customer Service

http://global.networldalliance.com/new/images/products/6205.png

6205/Total-Customer-Service

Unified Payment API

http://global.networldalliance.com/new/images/products/6119.png

6119/Unified-Payment-API

VAS Show London 2014
ATM & Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.