Sun Microsystems, C-SAM launch new mobile banking solution

By SiliconIndia   |   Tuesday, 31 March 2009, 04:55 Hrs
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Bangalore: Sun Microsystems, one of the major providers of hardware, software and services and C-SAM, a provider of mobile phone-based transaction solutions, has announced the availability of a new mobile banking (mbanking) solution at an attractive price point. The mbanking solution from C-SAM preloaded on Sun platforms will ensure low cost of ownership, quick deployment and peace of mind for banks across the country. The ready-to-deploy platform works on any network-GSM or CDMA and is fully compliant with 'Mobile Banking Transactions in India - Operative Guidelines for Banks' recently issued by RBI.

In India where the number of mobile users exceed 7 times the number of internet users, the joint offering from Sun and C-SAM will open up huge markets for banks who are interested in offering improved services to their customers. The C-SAM mobile banking application running on Sun's servers (one App tier and One Database tier) will help banks in the country acquire new customers, offer new products and services, reduce transaction times, save costs and increase customer satisfaction.

The solution runs on Sun's MySQL open source database and the Sun GlassFish(TM) Enterprise Server, a complete Java (TM) Platform Enterprise Edition (Java EE) application server that provides the foundation to develop and deploy next-generation applications and services.

Swapan Dutta, Director -Alliance, Developer Relations and TeleWeb Sales , Sun Microsystems India said, "According to studies internationally, it is anticipated 35 percent of online banking households will be using mobile banking by 2010, up from less than one percent today. Mobile banking will eventually allow users to make payments at the physical point of sale."

Sajith Kumar, Vice President- Business Development C-SAM said, "Mobile users have started to fully utilize the data capabilities in their mobile phones as per the business trends observed in India. In India where the mobile infrastructure is comparatively better than the Internet or Broadband infrastructure mobile banking is likely to appeal even more. Keeping this in mind, banks are fast pushing across the entire gamut of retail banking services to customer's mobiles."

The Sun-C-SAM ready-to-deploy platform is available through a competitive pricing structure ( 41 Lakhs + taxes) based on licenses, technical support, and implementation. The offer is valid till March 31, 2009.

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