Menafn teams up with Fastlink

Menafn, the Jordan financial services group and Fastlink, a mobile services provider, have teamed to provide clients with up to the minute financial information on their mobile phones.

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By  Massoud Derhally Published  July 9, 2001

Menafn, the Jordan financial services group and Fastlink, a mobile services provider, have teamed to provide clients with up to the minute financial information on their mobile phones.

The agreement will cater to Fastlink’s half a million subscribers, providing real-time information on stock quotes, foreign currencies, gold prices, market indices and market movers. The new offering will augment Fastlink’s RASSEL INFO product, enabling access to real time information and customers’ portfolios.

“Now that the mobile phone has become the single most important technological tool in the lives of so many, the ongoing trend is to move all that has to do with a person’s work or interests straight to the screen of his/her mobile phone. It is within this context that Fastlink is keen on establishing partnerships with companies like MENAFN that can deliver accurate, timely and customized information of interest to our subscribers,” said Samer Bazyan, data group manager at Fastlink.

Menafn’s offering will provide Fastlink customers the ability to define price alerts through MENAFN Mobile, allowing subscribers to customize their financial triggers, such as currency exchange rates alerts based on pre-defined criteria. In the near future, MENAFN plans to integrate MENAFN Mobile into the world of the wireless Internet through the introduction of WAP applications on handheld devices.

The business partnership is based on a revenue-sharing arrangement. “Menafn will provide accurate, timely, and unique content and tools to Fastlink's 550,000 subscribers both in SMS format [e.g., pull and push] and later on in WAP format. The offering will leverage Menafn's proprietary technology and we plan to extend this service to consumers in the region in partnership with other leading GSM operators,” Ramzi Abdel Jaber, CEO of Menafn, told ITP.net.

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