Ericsson, IBM to help financial services get on mobile Web

Ericsson and IBM have agreed to jointly develop technology to help financial services companies deliver Mobile Internet offerings that go beyond current B2C services.

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By  Robin Duff Published  February 18, 2001

Ericsson and IBM have agreed to jointly develop technology to help financial services companies deliver Mobile Internet offerings that go beyond current Business-to-Consumer (B2C) services. The new services likely to be result include wealth management, account aggregation, mobile trading, and credit card and payment alerts.

The companies' joint offering will combine Ericsson Mobile Internet application building blocks such as Ericsson Mobile e-Pay, Safetrader and WAP Gateway with the IBM WebSphere infrastructure family of products, including WebSphere Everyplace Suite, and the IBM eServer family of products. IBM Global Services will provide business innovation consulting as well as IT integration services.

"Many of the wireless projects underway at banks and financial services firms today are in pilot stage, involving only a few hundred consumers and undertaken on a one-off basis to gain first-mover advantage," said Dr. Mark N. Greene, vice president, Strategy and Solutions, IBM Global Financial Services Sector. "While many benefits have been realized, financial services companies now are faced with the challenge of delivering higher value financial services to hundreds of thousands of customers located around the globe.”

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