January 7, 2015 IBOMLLC Team

Mobile Phone Becomes The Personal Banking Assistant

image credit: http://now.avg.com/managing-mobile-money/

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Mobile Phone Becomes The Personal Banking Assistant

“Virtual Banking” is no longer a dream

Since 2008, Taisys had been enabling Slim SIM banking services with local banks in China, especially in the rural areas where inadequate financial resources are provided. With Taisys Slim SIM technologies, the banks have successfully built up the highly secured “virtual banking network” to their customers providing secured access to financial services, replacing the investment in traditional infrastructures.

F-Road Shanghai, affiliated to Taisys and a JV with IFC*, provides the “virtual banking network” to its member banks by connecting the banking system to all MNOs in China, together with the Slim SIM as the secure elements. Up to date, more than 1,100 banks in China have been deploying the secure and convenient services using …read more

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