LogicaCMG has announced a global partnership with Fronde Anywhere, which provides mobile banking, payment and multi-factor authentication solutions worldwide. Fronde Anywhere is the wholly-owned subsidiary of Fronde Systems Group, a New Zealand-based IT services company.
The partnership combines Fronde Anywheres SMS and Java-based suite of mobile banking products with LogicaCMGs global financial services and telecoms industry experience, including leading edge payment and telco solutions, and presence. The two companies say it will provide financial services organisations with the opportunity to integrate mobile technologies into their multi-channel strategy to add new channels, enhance existing channels, or enhance banking products and services.
Consumers will be able to manage their finances anywhere, anytime on their mobile phone or other device with the confidence that it is fully secure. Financial services organisations will be able to quickly deploy exciting new, secure mobile banking services with the added comfort that using LogicaCMGs deep payments and retail financial services knowledge, those services can become the payments and product channels of the future.
Fronde Anywheres customisable solutions can be easily tailored to meet the specific needs of individual organisations, says Lode Snykers, Managing Director, Global Financial Services at LogicaCMG. Financial institutions can cost-effectively deploy end-to-end mobile banking offerings and target selected customer segments and services. The availability of both SMS and Java capabilities provides banks with the choice of starting with more basic SMS-based services, and evolving on to a more function-rich, fully branded, offering without having to change platform. The range and flexibility of Fronde Anywhere together with LogicaCMGs deep financial services, project experience and payments expertise make us the ideal partner for any institution looking to implement mobile services.”
Fronde Anywhere provides end-users with the ability to perform banking transactions confidently and easily. It can also be tailored to reflect a banks branding and to fit in with the look and feel of each mobile device. End-users simply access their banking application from their phone menu. Additional advantages for banks include reduced operational costs by eliminating a significant proportion of inbound contact centre calls, and increased revenues.
The Fronde Anywhere product suite includes TxTBank and BankAlert messaging platform; SmartBank, which provides customers with access to all of the functionality provided in an Internet banking application, via a mobile phone application; and TwoSecure, which secures Internet banking transactions by eliminating the risk of man in the middle attacks and third parties assuming the users identity. Fronde says TwoSecure is more cost-effective for banks to deploy than hardware tokens, and more convenient for consumers to use. By generating one-time passwords to users handsets that can be matched with one held on the server, users can gain authenticated access to online transactions or remote networks.
Fronde Anywhere interview. Read 
