ST. LOUIS, Dec. 16, 2014 /PRNewswire/ -- Amdocs (NASDAQ:
DOX), the leading provider of customer experience solutions, today
launched the Amdocs Mobile Financial Services solution. The
solution enables mobile network operators, banks and other
financial institutions to drive adoption of financial services
delivered over feature phones or smartphones, addressing the
fundamental need of unbanked and under-banked populations worldwide
for accessible and affordable banking services.
Building on the financial-grade technology developed by mobile
financial services' pioneer Utiba, a company acquired by Amdocs
this March, the Amdocs solution delivers a single mobile wallet
from which users can manage and control their finances, and enables
a wide selection of highly secure mobile financial services, from
money transfer, bill payments and m-commerce, to savings, loans,
and insurance, loyalty points and top-up transactions. By combining
this technology with a dedicated set of IT and business accelerator
services, the Amdocs Mobile Financial Services solution helps
network operators and financial institutions roll out and operate
the solution with maximum cost efficiencies, quickly offering the
services users need the most while ensuring the service is reliable
and affordable for low-income households.
Key solution benefits:
- A single mobile wallet for users to manage and control their
finances with a convergent platform that allows users to
virtually store and use all their financial assets (salary,
welfare, credit and debit cards, coupons, remittance and
micro-banking transactions such as loans and insurance, as well as
loyalty points and prepaid top ups) for any financial need
- Fast introduction of new financial services to meet changing
requirements of different user segments, markets and
regulations with highly configurable services creation
capabilities and convergent support across multiple financial
services
- Integrated partner payments and settlements with
capabilities for onboarding and managing the extended ecosystem of
merchants and business partners (credit card companies, utility
providers, employers)
- Operational peace of mind and cost efficiencies with
Amdocs' Mobile Financial Services Center of Excellence, accountable
for overall solution delivery, from technical design and system
implementation and integration, to daily operation in a managed
services model
- Dedicated Business Accelerator Practice, focused on
design and user adoption of new offerings, from field research and
user-based insights, to ideation, prototyping, market- readiness
analysis and go-to-market strategies
"According to market research, 2.5 billion people in the world
do not have a bank account1, yet an estimated 1.7
billion do have access to a mobile phone2," said
Patrick McGrory, division president
for Amdocs' emerging offerings. "This represents a huge market
opportunity for network operators and banks, and one which does not
end with financial inclusion of the unbanked. The convenience
and speed of mobile financial services are attractive to
everyone."
"Utiba's technology helped introduce several pioneering market
offers, including Globe's GCash mobile money service, and today
supports more than 6 million agents serving hundreds of millions of
end users around the world," continued McGrory. "Building on this
proven technology, and adding to it a robust set of services and
the flexibility to deploy the solution on private or public clouds,
or host it at one of Amdocs' data centers, the Amdocs Mobile
Financial Services solution can help network operators and banks
capitalize on this very promising revenue stream, while ensuring a
low-cost structure and operational peace of mind."
Announced in a separate news release issued today, Amdocs, in
association with Indian company Triotech, will enable State Bank of
India to offer mobile financial
services to India's unbanked and
under-banked population, using the mobile network of Bharat Sanchar
Nigam Limited's (BSNL). The solution will be delivered under a
five-year services contract.
Utiba's technology has been leading innovation in mobile
financial services since 2001. Additional customers include True
Corporation (Thailand) and the
Digicel Group (Haiti).
|
1 World
Bank, http://go.worldbank.org/72MAKHBAM0
|
|
2 CGAP,
http://www.cgap.org/topics/mobile-banking
|
Resources
- Learn more about Amdocs Mobile Financial Services solution
- Keep up with Amdocs news by visiting the company's website
- Subscribe to Amdocs' RSS Feed and follow us on Twitter,
Facebook, Google+, LinkedIn and YouTube
About Amdocs
For more than 30 years, Amdocs has
ensured service providers' success and embraced their biggest
challenges. To win in the connected world, service providers rely
on Amdocs to simplify the customer experience, harness the data
explosion, stay ahead with new services and improve operational
efficiency. The global company uniquely combines a market-leading
BSS, OSS and network control and optimization product portfolio
with value-driven professional services and managed services
operations. With revenue of $3.6
billion in fiscal 2014, Amdocs and its more than 22,000
employees serve customers in over 80 countries.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com
Amdocs' Forward-Looking Statement
This press
release includes information that constitutes forward-looking
statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995, including
statements about Amdocs' growth and business results in future
quarters. Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
we can give no assurance that our expectations will be obtained or
that any deviations will not be material. Such statements involve
risks and uncertainties that may cause future results to differ
from those anticipated. These risks include, but are not limited
to, the effects of general economic conditions, Amdocs' ability to
grow in the business markets that it serves, Amdocs' ability to
successfully integrate acquired businesses, adverse effects of
market competition, rapid technological shifts that may render the
Company's products and services obsolete, potential loss of a major
customer, our ability to develop long-term relationships with our
customers, and risks associated with operating businesses in the
international market. Amdocs may elect to update these
forward-looking statements at some point in the future; however,
the Company specifically disclaims any obligation to do so. These
and other risks are discussed at greater length in the Company's
filings with the Securities and Exchange Commission, including in
our Annual Report on Form 20-F for the fiscal year ended
September 30, 2014 filed on
December 8, 2014.
Logo -
http://photos.prnewswire.com/prnh/20120722/NY44154LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/amdocs-launches-mobile-financial-services-solution-to-enable-accessible-and-affordable-banking-services-300010097.html
SOURCE Amdocs