Cellum, sister company motionQR finalists in Citi Mobile Challenge APAC
Budapest/Singapore, October 30 – Leading multinational mobile wallet provider Cellum and its sister firm motionQR have both been selected as finalists in the highly prestigious 2015 Citi Mobile Challenge APAC. The Asia-Pacific segment of the global financial services giant’s developer program is aimed at “reimagining mobile banking,” which concludes in early November in four different cities across the region.
Cellum’s submission is a lending app called QLoan, which allows users to quickly, easily and securely apply for a loan from Citi, and also to take advantage of “crowd lending” possibilities. In the latter case, other individuals provide financing, often at lower rates than those offered by traditional financial institutions.
Meanwhile, motionQR made it into the final round with an innovative forgery-proof mobile customer ID solution allowing banks to identify customers without using traditional photo ID-based authentication, which is impractical in some international markets due to local customs.
Cellum and motionQR’s solutions will be demonstrated on November 6 in Singapore, where Cellum recently established its APAC regional headquarters.
Companies: Cellum Group