Sirma Business Consulting launches new mobile banking solution in Bulgaria

Sirma Business Consulting has announced SBC M-Banking, a new mobile banking solution. It represents a flexible and extensible mobile banking platform, allowing financial institutions to offer banking services on the customer's mobile phone. The solution is independent from mobile operators, devices, operating systems and payment operators, and runs on Java ME technology. SBC M-Banking is compatible with, among others, Android OS, iPhone OS, Symbian, Windows Mobile and Blackberry. The solution is pre-integrated with Oracle FLEXCUBE core banking system and it can be easily integrated with another bank systems and pay infrastructures.

The cell networks are the fastest growing IT infrastructure nowadays, which is not relevant to the ATMs, bank offices and even Internet. Using mobile communications, the financial institutions can broaden their services and bring them to the less inhabited regions, including small villages, and agricultural co-operations”, said Tsvetomir Doskov, CEO of Sirma Business Consulting.

According to the CEO, the system can be easily localised into different languages. “That turns SBC M-Banking into a potential solution, solving the “digital divide” problem in Bulgaria as well as in many other countries in the world, giving the inhabitants of poor developed infrastructure regions the possibility to use the privilege of modern pay services”, added Doskov.

SBC M-Banking allows users to check account balance, details, history and transactions, as well as payments and transfers, but also allows quick access to useful financial information, like currency rates, interest rates, etc. The solution includes server part and software client, installed on the user’s mobile device. It is fully integrated with the bank IT systems, platforms for e-payment, e-invoices and others.

When developing the SBC M-Banking the emphasis was placed on security including a two-step user authentication process (password and token device), end to end cryptography and digital certificates. The password is stored and checked on the server, not on the mobile device. In addition, the solution can be integrated with other specific security policies used in banks.

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