City-based Tarang Software Technologies (Tarang) a leading provider of payment solutions to banks, on Monday launched the `Mobile Wallet.’
Mobile Wallet allows a customer to access their entire financial portfolio via their mobile phones securely, while the bank takes their gamut of offerings one step further and enhances their repertoire of Mobile Banking Solutions with effortless ease, without compromising quality or security, a press release said here on Monday.
Mobile Wallet is designed to meet the demands and growing trend of mobility in banking. It is an account aggregation solution delivered on mobile phones, which seamlessly fits into a banking institution’s existing Mobile Banking Solution, the release said.
With Mobile Wallet, customers can now access, view, print and get alerts on all their financial information, including online banking, bill pay, brokerage, loans, credit cards, insurance, fixed deposits and reward points information, not only from the bank offering such a solution, but also from other financial institutions, through a single user interface.
Essentially, the service provides the convenience of remembering only a single internet banking password to access and manage multiple accounts online with built-in security to protect consumers and their data.
The solution consists of a turnkey solution, which includes the product, system integration training and maintenance.
The solution can be scaled to include a host of banks, for which the client wants to offer on its own platform, it said.
