Cognizant and Monitise Form a Strategic Alliance

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Cognizant and Monitise have today announced a mobile money alliance that will enable financial institutions be able to exploit mobile money opportunities around the globe, as they leverage on this platform, consequently lowering the total cost of ownership, utilize sophisticated mobile money commerce solutions and innovative mobile money payment solutions.
“Mobile is, without question, the channel of the future,” said Alastair Lukies, Chief Executive of Monitise Group. “Our strategy involves extending our Monitise Enterprise Platform to the world’s leading banks and payment companies to help them improve and expand their customer relationships. As money becomes increasingly digitized amid exploding demand in the highly-competitive mobile money space, we look forward to collaborating closely with Cognizant to support financial institutions across the world in developing strategic, effective, and timely mobile services.” “Mobile technology has the potential to significantly change consumer-facing industries,” said Mahesh Venkateswaran, Managing Director, Social, Mobile, Analytics and Cloud at Cognizant. ”
Cognizant’s expertise in financial services coupled with Monitise’s leading mobile money platform, the alliance is expected to aid financial institutions around the globe to fully exploit the mobile money opportunities within the mobile money market, by leveraging on the sophisticated and highly intelligent platform.