Mobile Commerce

Monitise Puts API Platform in the Cloud

Monitise is headed onward and upward — or at least its API platform is.

Yesterday (April 16), the mobile banking firm announced that it has launched a cloud-based Application Programming Interface (API) platform from which it will deliver its various digital banking and payment products.

In the press release, Monitise expressed that the new platform was developed in keeping with the company’s goal to expand in the technology space by focusing on products.

Previously referred to by the company as its Central Platform, the new cloud-based version will host the APIs that facilitate the deployment of Monitise’s banking, payment and commerce products that are offered to clients and third-party content providers in the realm of banking.

“We have invested in our platform to create smarter, faster and better access to our current and future suite of products as well as an ever-growing range of devices,” Mike Dreyer, Chief Operating Officer of Monitise, said in the press release. “Over the course of the next year, we expect to see our new cloud-based platform play an increasingly important role in driving our user numbers and revenue growth. The platform has been designed to help us deliver digital products built around consumer needs.”

In the release, Monitise touts that the new cloud-based API platform will deliver all new products with a number of features, including bank-grade security and authentication, multi-tenancy capabilities, customer support dashboards and standardized reporting. The company additionally notes that it provides expertise, tailored for clients on an individual basis, related to consumer experience and technology integration.


Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.

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