18 August 2017
visit www.avoka.com

Citi and MMV launch mobile US trading capability in Hong Kong

14 October 2009  |  1021 views  |  0 Source: Mobile Money Ventures

Mobile Money Ventures, LLC (MMV), a leading global solutions provider of the next generation of mobile financial services, today announced it has rolled out the first mobile U.S. stock trading capability in Hong Kong with Citibank.

The new feature builds on the successful mobile platform deployed by the two companies last year, allowing Citibank`s Hong Kong customers to now trade on both the Hong Kong and American markets, including the New York Stock Exchange and NASDAQ.

"At MMV, we are constantly working to innovate and develop cutting edge features to ensure our customers can take advantage of the most advanced technology available," said Jayastu Bhattacharya, Senior Vice President of Strategic Business Development at MMV. "With our customizable and scalable platform MMV can quickly and seamlessly bring to market solutions that meet our customers` needs."

MMV initially collaborated with Citibank to launch a mobile banking platform in Hong Kong last October which included local stock trading, portfolio management, account inquiry and management, transfer and payments, and time deposit applications. As with all MMV solutions, the new U.S. trading feature is secured with SMS notification for every trading instruction, and no financial information is stored on the mobile device.

"At Citibank, the needs of our customers drive our innovation efforts and we understand how important it is for our Hong Kong customers to trade multiple markets through multiple channels. Through the collaboration with MMV, we`re proud to be the first bank in Hong Kong offering a mobile U.S. stock trading service," said Maggie Yung, Country Marketing Director of Citi Hong Kong.

The U.S. trading feature for Hong Kong customers joins a long line of innovative mobile banking deployments from Citibank and MMV, including the first browser-based offering in the Philippines as well as services in Singapore and the U.S. The two companies will be announcing additional deployments in Asia, the U.S. and Europe in the coming months.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10140 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8406 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7844 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7771 views comments | 3 tweets | 7 linkedin