MoadBus, Inc., a global provider of financial software and services, and VASCO Data Security, a world leader in authentication and e-signature solutions, announced today that De Surinaamsche Bank, N.V., the largest bank in Suriname, South America, has selected MBanking from MoadBus with VASCO's DIGIPASS®, and is the first bank in Suriname to offer mobile banking.
"Our mission is to offer a wide diversity of top-quality products through the services of enthusiastic and expert staff and vendor relationships. We do not settle for providing less than the highest quality of service, and with the extensive coverage and functionality available through MBanking and the added security of the DIGIPASS transaction signature, partnering with MoadBus and VASCO to bring mobile banking to Suriname was the right choice for us," said John Lie-Tjauw, COO, De Surinaamsche Bank, N.V.
MBanking provides maximum capabilities, including extensive bill payment and two-way actionable alerting features. It is supported by a powerful multi-factor authentication and multi-level security mechanism including full integration to VASCO's DIGIPASS transaction signature. DIGIPASS authentication and e-signature capability is embedded into Moadbus' MBanking. Customers authenticate using their mobile phone as authentication device. Furthermore, MBanking is the only application that offers quad mode technology; encrypted SMS, downloadable app, browser and simple SMS within a single solution.
"Adoption rate is a key component for any bank when considering a mobile banking solution. MBanking provides the broadest coverage and highest security available, without limiting the bank's customers to specific mobile devices, communication modes or network providers. We are very proud that De Surinaamsche Bank has selected MBanking from MoadBus and has become the first to launch mobile banking in Suriname," said Kurian Abraham, President, MoadBus, Inc.
"Banks have recognized the strength of the mobile platform to offer additional services," says Jan Valcke, President and COO of VASCO Data Security. "Thanks to MBanking, banks can substantially increase their financial services outreach by using a multi-channel approach. VASCO embraces this growing market trend by broadening the availability of its two-factor authentication technology for leading mobile solutionssolutions."
MBanking, with its universal coverage and extensive user preferences features coupled with unparalleled security and ease of use is well positioned to lead the explosion of mobile banking.