Masabi, the secure mobile applications company, today revealed a working prototype of a graphically rich, secure mobile banking application.
The Java software developed by Masabi allows users to securely view account details, statements and balances and make transactions all via a user-friendly, brandable graphical interface. The company is now seeking financial technology partners to help bring this solution to market.
With more than 2 billion mobile phones in circulation, many countries now have more mobile subscribers than either fixed-line or the Internet can reach. However, the uptake of security-dependent mobile applications such as banking and commerce has been a slow process. Masabi's proven expertise in data encryption, developing for a wide range of handsets and focus on usability makes it the ideal developer to drive mass-market uptake.
"To build a viable mass-market mobile banking application requires a combination of usability and security skills and above all the ability to deliver these on the lowest common denominator handsets," said Tom Godber, CTO and Co-Founder of Masabi. "We have a proven track record of building just such applications and are excited about the prospect of turning our expertise to areas such as mobile banking and commerce."
Masabi's expertise in secure, usable mobile applications which run on even the lowest specification phone handsets was demonstrated in January when the company announced the rollout of international multi-language, multi-currency, multi-branded casino software for Playtech (AIM: PTEC), the world's largest publicly traded online gaming software supplier. Masabi proved that even on the oldest colour Java handsets it can provide secure sign-up for new users on the mobile, with credit card, bank transfer and 3rd party payments, and still be able to include games with industry leading graphics and sounds.