- Mobile banking is growing rapidly and is now the preferred method of interacting with banks for many customers, especially those aged 30-60.
- Nearly half of smartphone users have not yet adopted mobile banking, representing an opportunity for banks to expand their customer base.
- Mobile banking improves banks' profitability by reducing operating costs through lower transaction fees and reducing customer attrition rates.
Segment-Based Strategies for Mobile BankingCognizant
While retail banks have widely accepted mobile banking as a primary service channel, they can now apply customer segmentation tactics to develop mobile strategies, optimize customer retention and acquisition, and increase the adoption of mobile services.
A look at trends in mobile banking and whether a mobile app or mobile website makes more sense.
Lots of data from the Federal Reserve's March 2012 study.
Retail Banking India 2015 - Now and PredictionsMayur Nanotkar
The document highlights
- the Retail Banking Industry in India using the stats
- future predictions for the retail banks in India in terms of Technological advancement and Customer Engagement
- Top 10 Predictions from the World of Retail Banking.
Segment-Based Strategies for Mobile BankingCognizant
While retail banks have widely accepted mobile banking as a primary service channel, they can now apply customer segmentation tactics to develop mobile strategies, optimize customer retention and acquisition, and increase the adoption of mobile services.
A look at trends in mobile banking and whether a mobile app or mobile website makes more sense.
Lots of data from the Federal Reserve's March 2012 study.
Retail Banking India 2015 - Now and PredictionsMayur Nanotkar
The document highlights
- the Retail Banking Industry in India using the stats
- future predictions for the retail banks in India in terms of Technological advancement and Customer Engagement
- Top 10 Predictions from the World of Retail Banking.
Are Payment Platforms Poised for Growth in India?ICFAIEDGE
India is racing ahead with its mobile phone subscriptions. It is the second largest smartphone market in the world. Given the rapid growth in mobile phone penetration, it is a logical step forward to ensure payments are done via connected devices. There is a surge in payment platforms in the country. Is this growth sustainable? Learn more in this visual presentation.
Mobile Remote Deposit Capture: Changing how consumers bank and banks competeMitek
Released: October 2011
Without a doubt, the introduction of the mobile smartphone—specifically Apple’s release of its first iPhone
in 2007—has dramatically transformed how consumers engage with friends, family, and business.
The small hand-held device that consumers “don’t leave home without” manages social lives, provides access to music and entertainment, keeps track of appointments, and generally has become the primary tool for managing all dimensions of the busy lives of today’s consumers.
One of the most significant areas of our lives that mobile technology is transforming is how we manage our
money. Financial services providers are recognizing consumers’ mobile lifestyles and preferences and are
developing capabilities that allow consumers to have the bank in their pocket. Now we can use our phones
to check balances, transfer funds, and make payments. Moreover, these capabilities, once at the forefront of
innovation, are quickly becoming table stakes. Going forward, to effectively meet the demands of consumers
for newer, more convenient, and more relevant apps, banks must continually seek new, innovative, and relevant
mobile capabilities.
One recently introduced mobile app that is proving to be a disruptive technology and driving force in
consumers’ adoption of mobile financial services is Mobile Remote Deposit Capture, or Mobile RDC—the
ability to deposit a check using a camera-equipped smartphone. Understanding the role Mobile RDC will
play in the bank selection process of consumers, and as a result, how banks compete, has become critical.
Toward that goal, this paper explores how:
• Mobile RDC is becoming the critical element in consumer bank selection and bank mobile strategy
• Mobile banking and Mobile RDC offer compelling economics to the financial services providers
that deploy them
• The market potential for mobile banking and Mobile RDC is strong
• Mobile banking and Mobile RDC can enhance banks’ customer value proposition
Mobile RDC is becoming a critical element in consumer bank selection and bank mobile strategy:
•Smartphone adoption is accelerating:
Over 40% of U.S. adults are forecasted to have a smartphone within
the next two years which will drive mobile banking adoption and specific features such as Mobile RDC.
• Consumers are highly interested in Mobile RDC: the percentage of consumers “extremely likely or likely to
adopt” Mobile RDC has doubled from 9% to 18% from 2009 to 2011
•Consumers readily embrace the convenience offered by Mobile RDC: the top reasons that consumers adopt
Mobile RDC include the urgency to have the check deposited for safekeeping, need for cash, and ease
of use.
Digital Banking for PSU banks in IndiaRohan Bharaj
This documents highlights the importance of Digital banking for PSU banks in India. In this digitally enhanced age, it is of utmost importance for PSU banks to be up to date with the latest technology.
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
With the best of intentions, banks often assume what customers want, push the wrong products and services, work in siloes and generalize. Banks tend to forget that their customers are human beings that evolve and so do their needs. Not everyone makes the same choice, so banks need to reflect this in their product offerings.
For banks to differentiate themselves and move forward, they need to allow customers and Relationship Managers to dynamically bundle products and services based on the customer’s preferences. The more you bank with me, the more value we will provide in return.
Under a Product and Pricing Lifecycle Management (PPLM) model, create suitable products and product bundles based on customer or other data across lines of business and business units.
Presented by Zafin’s Meenaz Sunderji, General Manager, Asia Pacific, at the 20th meeting of the World Savings and Retail Banking Institute’s (WSBI) Asia/Pacific Regional Group in Vietnam on May 21, 2014.
www.zafin.com
Case study: Transforming FE Credit's lending processes with robo-lendingVarun Mittal
FE Credit, one of Vietnam’s oldest and the largest consumer credit company, worked with EY and several FinTech partners to implement a robo-lending platform app, suitably named as $NAP, which digitizes the whole process of customer on-boarding, loan application, know-your-customer (KYC), credit underwriting, loan approval and disbursement.1
As a result, FE Credit reduced the borrowing process from 4-5 days to less than 15 minutes, thus drastically increasing its appeal to customers, while overcoming the challenges inherent in the traditional lending model.
A glance through the finance pyramid for investments. This presentations gives an insight to the various products & services that Asit C Mehta Investment Interrmediate Ltd. Get to know about the financial terms that will help you plan your investments.
This presentation on Mobile Banking was given via webinar on May 3rd. The presentation goes into detail regarding predictions on consumer adoption of Mobile Banking.
Next Generation Mobile Banking and Return on Investmentmistervandam
Fiserv white paper on how the advancement of mobile banking - particularly next generation features and functionality - are driving return on investment for financial institutions
Are Payment Platforms Poised for Growth in India?ICFAIEDGE
India is racing ahead with its mobile phone subscriptions. It is the second largest smartphone market in the world. Given the rapid growth in mobile phone penetration, it is a logical step forward to ensure payments are done via connected devices. There is a surge in payment platforms in the country. Is this growth sustainable? Learn more in this visual presentation.
Mobile Remote Deposit Capture: Changing how consumers bank and banks competeMitek
Released: October 2011
Without a doubt, the introduction of the mobile smartphone—specifically Apple’s release of its first iPhone
in 2007—has dramatically transformed how consumers engage with friends, family, and business.
The small hand-held device that consumers “don’t leave home without” manages social lives, provides access to music and entertainment, keeps track of appointments, and generally has become the primary tool for managing all dimensions of the busy lives of today’s consumers.
One of the most significant areas of our lives that mobile technology is transforming is how we manage our
money. Financial services providers are recognizing consumers’ mobile lifestyles and preferences and are
developing capabilities that allow consumers to have the bank in their pocket. Now we can use our phones
to check balances, transfer funds, and make payments. Moreover, these capabilities, once at the forefront of
innovation, are quickly becoming table stakes. Going forward, to effectively meet the demands of consumers
for newer, more convenient, and more relevant apps, banks must continually seek new, innovative, and relevant
mobile capabilities.
One recently introduced mobile app that is proving to be a disruptive technology and driving force in
consumers’ adoption of mobile financial services is Mobile Remote Deposit Capture, or Mobile RDC—the
ability to deposit a check using a camera-equipped smartphone. Understanding the role Mobile RDC will
play in the bank selection process of consumers, and as a result, how banks compete, has become critical.
Toward that goal, this paper explores how:
• Mobile RDC is becoming the critical element in consumer bank selection and bank mobile strategy
• Mobile banking and Mobile RDC offer compelling economics to the financial services providers
that deploy them
• The market potential for mobile banking and Mobile RDC is strong
• Mobile banking and Mobile RDC can enhance banks’ customer value proposition
Mobile RDC is becoming a critical element in consumer bank selection and bank mobile strategy:
•Smartphone adoption is accelerating:
Over 40% of U.S. adults are forecasted to have a smartphone within
the next two years which will drive mobile banking adoption and specific features such as Mobile RDC.
• Consumers are highly interested in Mobile RDC: the percentage of consumers “extremely likely or likely to
adopt” Mobile RDC has doubled from 9% to 18% from 2009 to 2011
•Consumers readily embrace the convenience offered by Mobile RDC: the top reasons that consumers adopt
Mobile RDC include the urgency to have the check deposited for safekeeping, need for cash, and ease
of use.
Digital Banking for PSU banks in IndiaRohan Bharaj
This documents highlights the importance of Digital banking for PSU banks in India. In this digitally enhanced age, it is of utmost importance for PSU banks to be up to date with the latest technology.
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
With the best of intentions, banks often assume what customers want, push the wrong products and services, work in siloes and generalize. Banks tend to forget that their customers are human beings that evolve and so do their needs. Not everyone makes the same choice, so banks need to reflect this in their product offerings.
For banks to differentiate themselves and move forward, they need to allow customers and Relationship Managers to dynamically bundle products and services based on the customer’s preferences. The more you bank with me, the more value we will provide in return.
Under a Product and Pricing Lifecycle Management (PPLM) model, create suitable products and product bundles based on customer or other data across lines of business and business units.
Presented by Zafin’s Meenaz Sunderji, General Manager, Asia Pacific, at the 20th meeting of the World Savings and Retail Banking Institute’s (WSBI) Asia/Pacific Regional Group in Vietnam on May 21, 2014.
www.zafin.com
Case study: Transforming FE Credit's lending processes with robo-lendingVarun Mittal
FE Credit, one of Vietnam’s oldest and the largest consumer credit company, worked with EY and several FinTech partners to implement a robo-lending platform app, suitably named as $NAP, which digitizes the whole process of customer on-boarding, loan application, know-your-customer (KYC), credit underwriting, loan approval and disbursement.1
As a result, FE Credit reduced the borrowing process from 4-5 days to less than 15 minutes, thus drastically increasing its appeal to customers, while overcoming the challenges inherent in the traditional lending model.
A glance through the finance pyramid for investments. This presentations gives an insight to the various products & services that Asit C Mehta Investment Interrmediate Ltd. Get to know about the financial terms that will help you plan your investments.
This presentation on Mobile Banking was given via webinar on May 3rd. The presentation goes into detail regarding predictions on consumer adoption of Mobile Banking.
Next Generation Mobile Banking and Return on Investmentmistervandam
Fiserv white paper on how the advancement of mobile banking - particularly next generation features and functionality - are driving return on investment for financial institutions
This is an assignment on the topics named Mobile Banking. This assignment contain's the valuable description based on the mobile banking sector of Bangladesh.
The presentation outlines the factors that influence the financial behaviour of the poor across different regions. The presentation also discusses third generation MFIs and usage of No-frills accounts. The topic of e/m-banking is also covered at the end.
2. elbarid.comelbank.me
Mobile Banking is quickly being adopted by banks’ most lucrative customers
Adoption of mobile banking, is growing across all age demographics. Customers with the highest level of
sophistication are mobile banking’s likeliest adopters.
1 Mobile Banking Overview
Usage of Different Means of Accessing Banking Services
(2011-2014)(1)
Use of Mobile Banking by age (LTM)(1)(2)
1. Source: Board of Governors of the United States Federal Reserve. Consumers and Mobile Financial Services. March 2015.
2. Percentages are of those in each group who have a mobile phone and a bank account.
Summary
Mobile banking is the fastest growing method of interacting with banks
Retaining and growing the banks’ most lucrative customers is critical to banks’ profitability
Customers aged 30-60 are the fastest growing adopters of mobile banking services
Young and middle aged adults are customers with the highest disposable income and level of sophistication
17%
CAGR
28%
CAGR
2011 2012 2013 2014
33%
65%
20%
85%
74%
34%
67%
26%
82%
75%
33%
72%
30%
87%
75%
33%
74%
35%
Bank
Branch
ATM Telephone
Banking
Online
(Web)
Banking
Mobile
Banking
15%
CAGR
45%
29%
12%
5%
54%
37%
21%
10%
63%
43%
25%
9%
60%
54%
32%
12%
18-29 30-44 45-59 60+
2011 2012 2013 2014
3. elbarid.comelbank.me
There is plenty of opportunity for growth and more reason than ever to implement a mobile
banking platform
Have used
Mobile
Banking
52%
Have not
used Mobile
Banking
48%
% of Smartphone Owners who have used
Mobile Banking (LTM)(1)
6%
12%
20%
32%
34%
39%
62%
73%
86%
My bank charges a fee for using mobile
banking
I don't do the banking in my household
It's too difficult to use mobile banking
I don't have a smartphone
I don't trust the technology
The mobile phone screen is too small
I'm concerned about the security of mobile
banking
I don't see any reason to use mobile
banking
My banking needs are being met without
mobile banking
Top Reasons why Customers do not use Mobile
Banking(1)(2)
“Please tell us for each of the reasons below why you do not
use mobile banking”
1. Source: Board of Governors of the United States Federal Reserve. Consumers and Mobile Financial Services. March 2015
2. Total number of respondents is 945
Nearly half of smartphone users have never used mobile banking
These customers are potential targets that can be attracted by a competing bank’s offerings
The vast majority of smartphone users that are not using mobile banking services are not aware of the service’s benefits
and convenience
Summary
2 Mobile Banking Overview
Despite its rapid deployment, many customers are unaware of the benefits and convenience of mobile banking.
These customers present an opportunity for banks to expand their customer base.
4. elbarid.comelbank.me
100%
30% 30%
5% 2%
In person at a
physical
branch
By phoning a
call center
ATM Online (Web)
Banking
Mobile
Banking
Mobile Banking reduces banks’ operating costs and reduces customer attrition
3 Mobile Banking Overview
1. Source: KPMG. Mobile Banking 2015. p. 22
2. Source: FiServ. Mobile Banking Adoption: Where is the Revenue for Financial Institutions?. 2016. p.9
3. Source: Deloitte. Mobile Banking: A Catalyst for Improving Bank Performance. 2010. p. 4
4. Source: KPMG. Mobile Banking 2015. p. 25
Estimated Transaction Cost by Channel(1)
Rebased to 100 (Physical Branch)
Lowered Attrition(2)
Large Bank Customer Attrition Rate:
Branch-only customers: 13.4% attrition rate
Mobile banking customers: 4.9% attrition rate
Small and Medium sized banks with online banking have a
2.8% attrition rate among mobile bankers
On average, bank branch-only customers are more than
2x more likely to attrite than mobile banking customers
“…a bank with a footprint of 100 branches and 250 ATMs, and an
average daily deposit/withdrawal volume of 165 branch transactions
and 65 ATM transactions, could expect to save about $5 million
annually if the bank were able to convert 20% of those branch and
ATM transactions to its mobile channel.”(3)
JP Morgan Chase: Case Study(4)
Decrease cost-to-serve by Adopting Mobile Technology
Service Before After
Mobile App Based
Reward Redemptions
$3
(Call center
redemption cost
per customer)
$0.01
(mobile
redemption cost
per customer)
Quick Deposits $0.65 per deposit
(teller deposit)
$0.03 per deposit
(quick deposit)
Mobile banking improves banks’ profitability and services a larger number of customers with the same operating
budget by reducing customer servicing costs and reducing customer attrition.
5. elbarid.comelbank.me
... and generates new revenue from existing customers and widens the customer base
Mobile banking increases the number of banking products purchased by existing customers, and attracts new
customers outside the bank’s traditional geographic footprint.
4 Mobile Banking Overview
1. Source: Survey by AlixPartners, 2013; Press articles and Journals; KPMG Analysis
2. Source: Deloitte. Mobile Banking: A Catalyst for Improving Bank Performance. 2010. p. 5
3. Source: KPMG. Mobile Banking 2015. p. 27
3.1
3.8
Non-Mobile Banking Adopters Mobile Banking Adopters
22% increase
Number of Banking Products Purchased
(Overall)(1)
Sample Services Enabled by Mobile Banking
Review Accounts
Transfer Funds
Settle Credit Cards
Block Cards
Request Card Limit Changes
Pay Bills
Request and Calculate Loans
Order Checkbooks
Secure Communication
10%
19% 11%
27%
29%
32%
63%
52% 57%
France Italy Belgium
Case Study: BNP Paribas(3)
Mobile is Preferred Channel for Customer Contacts
Bank Branch ATM Internet and Mobile
“Mobile banking gives banks the potential to expand beyond their
geographical footprint as the well as ability to cross-sell and up-
sell products to existing customers. Banks that harness these
additional mobile financial services capabilities can see a profound
impact on the nature of the banking relationship.”(2)
6. elbarid.comelbank.me
Choosing a mobile banking platform should balance features
Choosing a mobile banking platform should balance features with value for clients and banks. Features that are
valuable for both will provide the greatest return on investment (ROI) for the bank.
ValueforBankingClients
Value for Banks
Currency & Loan Rates
Locate Nearby ATMs
List of Offerings
Retrieve IBANs
Discussion
Clients are most interested
in operations that increase
their sense of control over
their accounts
Banks are most interested
in operations that minimize
interaction with call center
operators
Features that are valuable
for both clients and banks
are required for a
successful mobile
banking rollout
Pay Cards
Account Statement
Transfer Funds
Secure Communication
Request Cards
Card Limit Changes
Block Cards
Request Loans
Order Checkbooks
Expand Geo. Reach
Mobile Banking Value Proposition (Clients vs Banks) (1)
1. ElBarid Analysis
ElBarid Group Customers
Card Statement
Locate Nearby Branch
Send Targeted Offers
Bill Payment
Transactional Customer Relations Informational
5
8. elbarid.comelbank.me
ElBank™ is a secure, customizable, cross-platform, and cost-effective online banking
solution that integrates into banks’ existing infrastructure(1)
ElBank™’s straightforward and simple UI ensures that even the most novice mobile banking users will understand
how to access banks’ services. Language can be localized for individual users.
ElBank™ Product Overview - Frontend
Clean interface
for maximum
simplicity
Secure sign-in
Screen real
estate to push
additional
products
Branding can
be customized
for individual
bank
Secure
biometric login
Straightforward
functionality
Large, simple buttons
ensure users know
which functionality is
being accessed
Features can be
hidden, replaced, or
added as needed
Login Screen User Screen
6
9. elbarid.comelbank.me
ElBank’s™ straightforward and clean interface is consistent throughout the application
Settings E-Services
Users can
manage their
own mobile
banking
settings,
reducing
paperwork and
banking
overhead costs
Banks can add any
number of services
that can be marketed
directly to clients
Backend support for
e-services is
provided by ElBarid
and are fully
customizable
A fully customizable backend ensures that banks can keep clients up-to-date with the latest bank offerings and
services.
ElBank™ Product Overview - Frontend7
10. elbarid.comelbank.me
ElBank™’s integrated backend means instant and straightforward account management
ElBank™ Product Overview - Backend8
A full-featured backend ensures that administrators can manage all aspects of the platform, and client accounts,
securely and with minimum hassle.
Key Features
Profiles Management
Credentials Management
Parameters administration & management
– Managed by the backoffice system administrator
– View and modify the username, password, M-PIN and codes parameters
or management or expiry settings
Messages Center
– This section manages all the communication with the user through the
secured messaging
– Messages can be auto generated by the application to inform the user of a
specific activity on his/her account or a request done or executed, or it
could be manual through the insertion of a specific message to a specific
user
– Configuration of auto messages is done and updated by the administrator
E-services Execution
– Once a user requests any of the e-services available, it will be
automatically sent to the allocated “Group” of “User(s)”
Reporting Center
– This is where the administrator can generate any type of report for the
administration and logging use of the ElBank™ platform
Backoffice Design
Analytics
Clients Dashboard
Dashboard provides user index and graphs to monitor real-time
activity statistics including: login activity, no. of transactions
Graphs can be altered by filtering columns, zooming, and date
selection
Above charts show the activity of the different types of transactions
executed between April and June 2016.
11. elbarid.comelbank.me
A four-tier architecture ensures maximum security and uptime while clients are engaging with the ElBank™ platform.
No data is ever stored on the phone, and industrial-strength encryption protects against fraud.
9
1. Prepared by ElBarid Group
Technical Diagram of ElBank™ Mobile Banking
Interface(1)
Technical Overview
Elbarid DB
Core Banking
INTERNET
Mobile Banking users
Smart
ATM’s
ATM Switch
WAF + LB
DMZ
(public
systems)
Elbarid
Front Srv1
Internet Banking server
Elbarid Back Servers/Services
(lower layer)
Bank’s secure
Servers/Services
Elbarid
Front Srv2
Load Balancer (LB)
INTERNET
Internet Banking users
Discussion
1. DMZ (Public Systems)
Web Application Firewall and Load Balancer
Request encryption signature validation (Data submitted from
ElBank™ applications is encrypted and signed with proprietary
modules written in native low-level code that cannot be reverse
engineered
Hardware Firewall developed at the application-tier level to block
malicious DeviceIDs that submit invalid encryptions
2. Load Balancer (LB)
Request has valid encryption signature
Request is forwarded to Application back-tier for treatment
3. ElBarid Back Servers / Services
AAA protocol
Load device’s encryption parameters
Request decryption validation (per-request dynamic AES
encryption key is compiled by a proprietary procedure out of
device’s parameters, timestamp, and other tokens
4. ElBarid DB Server:
Virtual or Physical Server
Standalone or Instance of a DB Server
SQL, Oracle, MySQL, MongoDB, etc.
5. Core Banking Server
Banks’ customers & financial data
6. Bank’s Secure Servers / Services
Web service, MQ or DB procedures that connect to the core
banking server for customers’ financial information
1
3
4 6
2
5
The ElBank™ Mobile Banking platform operates on a secure sandbox in parallel to banks’
existing infrastructure
Public Tier
Public (Front)
Application Tier
Data Tier
Secure (Back)
Application Tier
12. elbarid.comelbank.me
ElBarid Group Overview & Clients
ElBarid currently serves 76 Banks and financial
institutions in the region
ElBarid was established in 2000 with the objective of
developing smart solutions that enhance the user’s
banking experience.
It employs today around 200 persons with more than 40
R&D Engineers.
ElBarid has a history of innovation in the mobile world,
as it was the creator of the concept of “SMS notification
of card usage” that limited dramatically the fraud on
credit cards and increased users’ trust. This solution
was adopted by many banks worldwide.
ElBarid developed push SMS banking solutions. This
success drove Elbarid, since 2008, to heavily invest in
mobile payment solutions.
For over 16 years ElBarid group has been a trusted partner with leading financial institutions in Lebanon and in the
region. The customers below trust ElBarid with value-added telecom and financial services.
ElBarid Group Overview Primary Clients
Centre de Traitement
Monetique (CTM)
10
13. elbarid.comelbank.me
ElBank™ is developed and deployed by an experienced corporate and engineering team
dedicated to integrating it into existing systems
ElBank™ key contacts are industry professionals with over a decade of individual experience in finance and relevant
industries.
111 Team Overview
Corporate Frontend Backend
Mark Mosleh, Chief Technology Officer Nassim Daoud, Chief Information Officer
Email:
mark.mosleh@elbarid.com
Mobile:
+961 3 712 851
Email:
nassim@elbarid.com
Mobile:
+961 76 320 699
Omar Chatah, Chief Operating Officer
Email:
omar@elbarid.com
Mobile:
+961 76 344 311
Omar (MA Finance, Columbia University) is a
tech industry professional with 9 years
experience in finance, big data, and
entrepreneurship. Omar moved to Beirut from
San Francisco, CA where he managed the
SaaS team for Quid, a Series D big data
analytics company currently valued $300+mm.
Previously, Omar was an Investment Banking
(M&A) Analyst for Citigroup, in London.
Omar joined ElBarid Group as COO in June
2016 with the mission to develop product lines
and expand geographic markets.
Mark is a veteran software engineer with 10+
years of experience in mobile technologies. His
expertise in project managing and team leading
ensures an enterprise architectural Frontend
powered by the right technology decisions.
Mark joined ElBarid Group in January 2008 and
currently leads the Frontend development for
both iOS and Android. Mark is currently Chief
Technology Officer of ElBank.
Nassim is a seasoned software engineer with 9
years experience in IT systems and
infrastructure. His expertise designing,
developing, and implementing banking solutions
ensures execution of the latest security and
compliance practices.
Nassim joined Elbarid group in 2008 and
currently leads the Backend development team
utilizing Microsoft .Net technologies (BI,
databasing, and web services). Nassim is
currently Chief Information Officer of ElBank.
14. elbarid.comelbank.me
ElBank™ is the only integrated market player providing market-tested security, state-of-
the-art features, and a modern banking interface
As a dedicated mobile banking vendor, ElBank™ will continually be updated with the latest banking features, security
standards, and user interface design, at no additional cost to the bank.
12
Feature list (1)
Independent
Development (2)
Competing
Platforms
Custom Bank Branding ✔ ✔ ✔
Market-Tested Robust Security Processes ✘(3) ✔ ✔ (3)
Secure Biometric Login ✔ ✘ ✔
Customizable Content Management System (CMS) ✔ ✔ ✔
Cross-Platform Support (Web, Android, iOS) ✔ ✔ ✔
Localization Support ✔ ✔ ✔
Real-time Data Collection ✔ ✔ ✔
Push Marketing Support ✔ ✔ ✔
Geolocation Services ✔ ✔ ✔
Rapid Deployment ✘ ✔ ✔
Included Support ✘ ✘ ✔
Included Updates ✘ ✘ ✔
Modern User Interface (UI) ✘ ✔ ✔
Deployment support ✘ ✔ ✔
Value for Money ✘ ✘ ✔
1. Source: ElBarid Analysis
2. Features can be added upon request at an additional cost. Ultimate responsibility is on the bank ensure clean and consistent design and proper functionality
3. Outsource and in-house development will not have the robust and tested security processes in place that dedicated market players provide
4. ElBank™ customer data is never saved directly on the device
Feature Comparison
Discussion
ElBank™ includes industry
leading features and
services for a competitively
priced monthly fee
Our integrated, monthly
licensing model provides
banks the simplest and
most flexible terms to
implement the ElBank™
platform