Wednesday, January 20, 2010

MAXIM-PRO MEETS NEW DEMAND FROM CBN

Maxim-Pro Ltd has announced that it has met with the new requirement of Central Bank of Nigeria by collaborating with CellTrust of Africa, a mobile messaging and applications organization with a Secure Enterprise Messaging solution to secure and enhance their mobile banking platform.

Maxim-Pro has partnered with CellTrust to extend secure mobile banking and payment services to Nigeria's under and un-banked population through their extensive customer base across the financial services sector. An average of 100,000 subscribers is expected in the first six months of operation for the new Secure SMS/Text Mobile Banking program launched via CellTrust's Global SecureSMS Gateway. Fraud reduction and fewer demands being made on call centers for IVR authentication are also part of the revenue equation at Maxim-Pro.

Managing Director, Maxim-Pro, Adeyinka Oyewumi, said, "CellTrust Secure SMS adds significant value to our banking platform by providing the state-of-the-art mobile security required to launch a mobile banking solution in Nigeria and the entire region. We are pleased to have been able to find a partner in mobile banking who meets the rigorous mobile security requirements of the Nigerian Central Bank."

The Central Bank of Nigeria has issued new, highly stringent security requirements for mobile financial management and insists both the financial institutions and their distribution networks take a high level of responsibility in protecting the end user. The requirement calls for more security, and in the case of mobile text banking or SMS banking, the Nigerian Central Bank's official directives require Secure SMS with multiple levels of authentication and encryption along with a clear audit trail for com pliancy.

Managing Director, CellTrust Africa, Samuel Ucheaga, said, "We are pleased to provide Maxim-Pro with the latest secure mobile messaging solution to secure and mobile enable their successful banking platform."

CellTrust of Africa's customer base is benefitting from CellTrust's award winning SecureSMS Appliance and Gateway. SecureSMS provides end-to-end privacy on the mobile device via a highly encrypted, tamper-proof process while enabling message sizes up to 5,000 characters. A remote wipe functionality that ensures users can wipe the handset if it is lost or stolen adds another critical layer of security.

CellTrust SecureSMS Appliance was selected winner of 2009 Best Enterprise Enabler Application for the RCR Ecosystem Awards. In 2008 CellTrust Secure SMS won the Communications Solutions Product of the Year Award and was voted Best Messaging Security Solution by the Info Security Products Guide's Tomorrow Technology Today Award. SecureSMS was accredited as a finalist for the Third Annual CTIA Emerging Technology Award, and was named the winner of three Mobile Star Awards, and the prestigious Mobile Marketing Association 2008 Global Relationship Building Award.

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