LogicaCMG has announced a global partnership with Fronde Anywhere, a New Zealand-based specialist provider of mobile banking, payment and multi-factor authentication solutions.
This new partnership combines Fronde Anywhere’s SMS and Java-based suite of mobile banking products with LogicaCMG’s global financial services and telecoms industry experience, including payment and telco solutions, and presence. This will provide financial services organisations with the opportunity to integrate mobile technologies into their multi-channel strategy to add new channels, enhance existing channels, or enhance banking products and services.
Consumers will be able to manage their finances anywhere, anytime on their mobile phone or other device with the confidence that it is fully secure.
Caroline Dewe, EVP product strategy & marketing, at Fronde Anywhere says “This partnership is an important step for us in terms of strengthening our global reach. LogicaCMG has a long pedigree of successful implementations and innovative products and solutions in both the financial services and telecoms markets. We look forward to a long and successful partnership.”
Fronde Anywhere can also be tailored to reflect a bank's branding and to fit in with the look and feel of each mobile device. End-users can simply access their banking application from their phone menu. Additional advantages for banks include reduced operational costs by eliminating a significant proportion of inbound contact centre calls, and increased revenues.
Fronde Anywhere product suite includes TxTBank and BankAlert modules that provide a high availability, scaleable messaging platform, SmartBank which provides customers with access to all of the functionality found in an internet banking application via an application that is downloaded to their mobile phone.
TwoSecure is another feature from the suite securing Internet banking transactions by eliminating the risk of man in the middle attacks and third parties assuming the user's identity. This product is more cost-effective than hardware tokens for banks to deploy, and more convenient for consumers to use. By generating one-time passwords to users' handsets that can be matched with one held on the server, users can gain authenticated access to online transactions or remote networks.