M-Com recognised as mobile banking leader

Independent information technology analysts Gartner Research have positioned the New Zealand company at the top of the ‘Leaders’ quadrant for mobile retail banking. Judging criteria included market understanding, product strategy and innovation, track record, market responsiveness and overall company viability.

The accolade follows M-Com being confirmed by Bank Technology News on its list of ‘Top 10 Technology Companies to Watch in 2009’ in May this year.

New Zealand Trade and Enterprise (NZTE) has worked with the company for more than three years, helping it find and forge links to support international expansion.

NZTE's ICT Sector Manager Martin Knoche describes the Gartner Quadrant as the IT industry’s equivalent of the Oscars.

“It’s a real stamp of approval and an endorsement of M-Com’s capabilities,” he says.

“M-Com is in a global growth industry and is well placed to scale up its operations to meet demand.”

Established by a group of payment industry experts in 2000, M-Com is internationally recognised as having the broadest reach, largest solution-set and most comprehensive set of deployment options for taking mobile banking and payment services to market.

The company’s flagship product, BankAnywhere brings the bank to the hands of retail customers by allowing them to complete transactions from their mobile phone including checking balances, transferring money, paying bills and receiving market and account alerts.

The BankAnywhere platform is used by some of the world’s largest financial institutions in both mature economies and emerging markets. In the United States (US) the platform is available to financial institutions through a partnership with Fiserv, the world’s largest processor of financial transactions.

BankAnywhere powers Fiserv’s Mobile Money mobile banking and payments service, which supports customers on all three mobile access modes - SMS, wireless and downloaded mobile applications. In addition, the system provides online and offline enrolment options and integrates with core banking, online banking and electronic payments systems.

M-Com CEO Adam Clark says M-Com’s market advantage results from technology that delivers excellent business outcomes by raising service levels, lowering operational costs and opening up new opportunities.

“M-Com can support thousands of banks on one platform, driving down costs for everybody while allowing individual banks to retain their own brand and style of service.”

The company has maintained international growth despite the recession, securing a number of wins across five continents in recent months.

M-Com has live deployments in Australasia, South East Asia, the US and the Middle East and projects underway in other regions with the company’s staff are forecast to almost double this year. NZTE is assisting M-Com with staff recruitment.

“We have a talented and committed team that has been working for years to create the world’s leading mobile banking and payment product and we welcome more like-minded individuals to join us” says Adam Clark.

M-Com’s customers include Tier 1 financial institutions such as ANZ Australia and Bank of Bangkok.

The company has offices in Auckland, New Zealand, and Atlanta, USA.

More information:

www.mcom.co.nz