15 December 2017
visit www.aciworldwide.com

Temenos buys m-banking firm FE-Mobile

11 May 2010  |  8908 views  |  0 Iphone screen close up

Swiss vendor Temenos has inked a definitive deal to buy FE-Mobile, a UK-based m-banking specialist. Financial terms were not disclosed.

Formed in 2002, FE-Mobile sells downloadable application, XHTML browser and SMS offerings under the SecureLink brand.

The vendor has been a Temenos partner since 2007 when the SecureLink technology was integrated with ARC - which is part of the T24 platform - to help banks implement easy-to-use mobile banking services.

Mobile banking is widely predicted to see a surge in popularity over the next few years, with the advent of smartphones, all-you-can-consume data plans and better applications. Temenos cites ABI Research, which predicts that in 2015 about 407 million people worldwide will perform financial transactions with their banks using their mobile phones.

Andreas Andreades, CEO, Temenos, says: "The acquisition of FE-Mobile follows our identification of mobile banking as an area of strategic investment. Although it is well known that mobile banking has experienced quick adoption in emerging markets, we believe that following the online banking explosion, mobile banking is poised to become a global growth driver."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

EX-Lloyds innovation boss chides HSBC over m-banking

EX-Lloyds innovation boss chides HSBC over m-banking

11 May 2010  |  21236 views  |  4 comments
Google Ventures invests in m-payments start-up Corduro

Google Ventures invests in m-payments start-up Corduro

04 May 2010  |  10613 views  |  0 comments
PayPal mobile developer library enters open beta

PayPal mobile developer library enters open beta

28 April 2010  |  9600 views  |  0 comments
Smartphones to drive European m-banking take-up - Forrester

Smartphones to drive European m-banking take-up - Forrester

27 April 2010  |  9883 views  |  0 comments
M-banking finding favour with consumers

M-banking finding favour with consumers

24 March 2010  |  7763 views  |  0 comments
Barclays selects Temenos AML technology

Barclays selects Temenos AML technology

22 March 2010  |  10769 views  |  0 comments
Temenos posts full year operating profit rise

Temenos posts full year operating profit rise

18 February 2010  |  7442 views  |  0 comments
Temenos spends $81m on French core banking outfit Viveo

Temenos spends $81m on French core banking outfit Viveo

06 January 2010  |  15717 views  |  0 comments
Temenos and Microsoft form core banking alliance

Temenos and Microsoft form core banking alliance

10 December 2009  |  9545 views  |  0 comments
Temenos and Metavante resolve core banking dispute

Temenos and Metavante resolve core banking dispute

22 July 2009  |  8303 views  |  0 comments
Failed Dunfermline lost millions on IT project; Temenos role questioned

Failed Dunfermline lost millions on IT project; Temenos role questioned

31 March 2009  |  15848 views  |  0 comments
Temenos swoops on Lydian Associates

Temenos swoops on Lydian Associates

03 November 2008  |  9564 views  |  0 comments
Temenos partners FE-Mobile for m-banking offering

Temenos partners FE-Mobile for m-banking offering

17 September 2007  |  5626 views  |  0 comments

Related company news

 

Related company information

Temenos – The Banking Software Company

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.aciworldwide.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10197 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9354 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8948 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7593 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7222 views comments | 15 tweets | 24 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job