CGI Group and Monitise have joined forces to offer mobile money solutions to banking and payments companies using the latter’s technology platform. The alliance between the two companies combines Logica’s, now part of CGI, IT and consulting services, payments expertise and local market knowledge in Europe with Monitise’s mobile money capabilities.

It will initially focus on retail banks in the UK, Benelux, Nordics, Germany and France. Lode Snykers, financial services global industry lead, CGI, says: “Our clients recognise that mobile is not just another channel, it’s fast becoming consumers’ first choice for banking services. People take their mobile devices pretty much everywhere making them the single easiest route for banks to provide services. 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. Our alliance with Monitise allows us to offer financial institutions in Europe the latest proven mobile money services in this extremely competitive market.”

Alastair Lukies, chief executive at Monitise Group, comments: “The industry is at a tipping point – for some time, many banks have been developing their own home-grown bespoke efforts. The shift is now underway towards a platform approach to better meet demands for time-to-market pressures, interoperability and future proofing. CGI is one of the companies at the forefront of this change. We are delighted to enter into this agreement with CGI as a culturally-aligned partner as we define and deliver evolving mobile money roadmaps for our current and future clients. Together we will play a major role in helping banks’ defend and extend their rightful roles in the mobile money ecosystem.”

Share Story: