|[February 28, 2013]
ACLEDA Bank Earns Celent Model Bank Status for its Fiserv-Powered Mobile Banking Initiative
BROOKFIELD, Wis. --(Business Wire)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that its client, ACLEDA Bank,
PLC., was named a Celent Model Bank for 2013. Celent selected ACLEDA,
headquartered in Phnom Penh, Cambodia, based on its successful
initiative to bring mobile financial services to consumers without
banking relationships, which the bank accomplished using Mobiliti Reach™
Celent Model Banks are selected through independent review and scoring
by Celent analysts. The review process is based on three criteria:
quantitative success measure, which is weighted most heavily; degree of
innovation; and technology or integration excellence.
"When we select the Celent Model Banks each year, we focus on
submissions that clearly demonstrate that the initiative had a clear and
sustainable impact on the bank and its customers," said Bob Meara,
Senior Analyst with Celent's Banking Group. "ACLEDA's mobile banking
initiative was found to be compelling and innovative, having clearly
advanced the bank's objective of making financial services universally
available to the people of Cambodia, regardless of whether or not they
have a banking relationship."
In October 2012, ACLEDA expanded its services with Fiserv by deploying
Mobiliti Reach to enable financial serices for market segments in
Cambodia that have no formal banking relationships. Using Mobiliti
Reach, ACLEDA is now able to reach consumers without access to banking
services to create and fund an ACLEDA mobile-only account. From this
account, customers can complete transactions including person-to-person
payments, bill payments, mobile phone top ups and cash deposits and
withdrawals via ACLEDA branches, ATMs and offline offices.
"ACLEDA has accomplished significant milestones this past year with its
mobile banking initiative," said Serge van Dam, vice president, Mobile
Solutions, Fiserv. "The bank was able to grow at a rapid rate by taking
advantage of the unique attributes of the mobile channel to provide
financial services to previously underserved customer segments."
Mobiliti Reach from Fiserv enables banks in emerging economies to
deliver a complete and carrier-independent mobile banking and payments
solution. Suited for major banks in rapidly evolving economies, Mobiliti
Reach can enable its users to reach existing banked customers, and new
unbanked and underbanked consumer segments.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
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