CellTrust of Africa, the leading supplier of secure mobile messaging and applications, has provided Maxim-Pro Ltd. with a Secure Enterprise Messaging solution to secure and mobile enable their successful banking platform while meeting the new requirements of the Central Bank of Nigeria.
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 are 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.
"CellTrust SecureSMS 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," according to Adeyinka Oyewumi, Managing Director, Maxim-Pro. "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 compliancy.
"We are pleased to provide Maxim-Pro with the latest secure mobile messaging solution to secure and mobile enable their successful banking platform," commented Samuel Ucheaga, Managing Director, CellTrust Africa.
CellTrust of Africa's customer base is benefitting from CellTrust's award winning SecureSMSTM 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.