Cognizant and Monitise have formed a global alliance to help financial institutions capitalise on the mobile channel.

This will combine Cognizant’s financial services and mobility expertise with Monitise’s mobile money platform. “Mobile is, without question, the channel of the future,” says Alastair Lukies, chief executive at Monitise Group. “Our strategy involves extending our Monitise Enterprise Platform to the world’s leading banks and payment companies to help them improve and expand their customer relationships. As money becomes increasingly digitized amid exploding demand in the highly-competitive mobile money space, we look forward to collaborating closely with Cognizant to support financial institutions across the world in developing strategic, effective, and timely mobile services.”

“Mobile money has arrived and is driving a disruptive shift in channel interaction with consumers, thereby accelerating the replacement of cash and bringing new products to consumers,” adds Prasad Chintamaneni, senior vice president and global head of Cognizant’s FS practice. “By combining Cognizant’s extensive expertise and experience in delivering innovative domain and technology solutions to financial institutions with Monitise’s acclaimed platform-based mobile solutions, we are well positioned to help our clients develop compelling mobile banking, payments, and commerce solutions, thereby reducing time-to-market, enhancing customer experience, and driving business growth.”

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