Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
2nd September 2011
RBS strategic relationship with Monitise
Royal Bank of Scotland is to launch a new Mobile platform developed with Monitise and the two company have announced a five year global strategic partnership. RBS will use the Monitise platform. The two companies say that by "further integrating Monitise's configurable technology platform within the bank, RBS is able to give its customers richer, real-time smartphone services as new devices and operating systems hit the market, while continuing to provide mobile services to any customer that wants them via text message, no matter what phone they have".
The new contract covers all RBS Group divisions including RBS and NatWest UK Retail, Citizens Bank US, Ulster Bank and RBS Global Corporate and Business.
Will Jones, General Manager for Monitise's RBS partnership, said: "New apps have been developed on the Monitise platform as part of a partnership project with RBS called Quantum Leap. It really does deliver a leap forward in terms of client innovation and convenience, with helpful banking at the heart of these new apps. The integrated technology is fully flexible and lets the bank optimise every app to take advantage of what advanced handsets can do."
Monitise Group Chief Executive Alastair Lukies said: "As a global provider of mobile money services we have great insights into the varied approaches being taken by banks and financial institutions around the world as they seek to defend and extend their business in this increasing digital and mobile age."
He added: "RBS has positioned itself perfectly to embrace the mobile money evolution and we are delighted to be playing our part. Mobile, like any banking and payments ecosystem, needs to be easy-to-use, secure and interoperable and RBS are putting their customers first by recognising mobile as a channel in its own right, not just another 'access point' for the internet or a call centre. There are 5.5 billion mobile phones globally and organisations that understand and utilise that channel best are going to get closer to their customers."