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In mid-May 2000, major financial institutions, together with the leading mobile phone
manufacturers and VISA announced the creation of a global forum to encourage
the use of mobile technology in financial services and to drive the
adoption of open standards in this field.
Called the Mobey Forum (pronounced Mo-Bay) to reflect the concepts of
mobility, money and financial services, the new group will focus on
services such as payment, remote banking and brokerage.
It comes after the launch of the MeT (Mobile
Electronic Transaction) Forum launched by Nokia, Ericsson and Motorola in
mid-April 2000.
The Mobey Forum brings together the substantial expertise of the world's
leading on-line financial institutions and the leading companies in mobile
Internet technologies such as Wireless Application Protocol (WAP).
The
Forum's founding members are ABN AMRO Bank, Banco Santander Central
Hispano, BNP Paribas, Barclays, Citigroup, Deutsche Bank, HSBC Holdings,
MeritaNordbanken, SEB-Skandinaviska Enskilda Banken, UBS, Visa
International, Ericsson, Motorola and Nokia.
Other financial institutions
and mobile phone technology companies are also encouraged to join the
Forum.
``It is highly gratifying that the leading on-line financial institutions
and mobile technology companies will work together to promote global
standardisation enabling safe, wireless day-to-day shopping and banking
business anywhere in the world,'' said Bo Harald, Executive Vice President
of MeritaNordbanken and the Forum's first chairman, at the founders'
meeting in Frankfurt.
The Mobey Forum will actively liaise between various standardisation
groups both in the mobile and financial industries. In addition, working
groups within the Forum will contribute to achieve technical and security
interoperability of the mobile financial services. Through active
discussion and experience sharing as well as the promotion of best
practices, the Mobey Forum will facilitate the worldwide creation of a
financial service environment for mobile e-commerce. This environment will
allow new sustainable mobile commerce business models.
The leading mobile phone manufacturers, Ericsson, Motorola and Nokia,
acknowledge that the Mobey Forum will play a valuable part in the
development of online wireless financial services. The recently announced
mobile electronic transactions initiative (MeT) between the three leading
phone manufacturers will support development in this crucial area of
m-commerce.
More information about Mobey Forum is found at: www.mobeyforum.org
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ABN AMRO Bank
ABN AMRO has a presence in 76 countries and territories. Using its
worldwide network the bank provides universal banking services consisting
of commercial and investment banking products to corporate nationally and
internationally operating clients as well as personal and private banking
customers.
Banco Santander Central Hispano
Banco Santander Central Hispano is the parent bank of the leading
financial and industrial group in Spain, Santander Central Hispano Group,
which performs banking and financial activities both in Spain and abroad.
The Bank was created in 1999 from the merger between Banco Central Hispano
and Banco Santander. BSCH is one of the largest financial group by market
capitalization in the Euro zone. As of December 31, 1999, it had 334
billion euros in managed funds and 256 billion in assets, with 24 million
customers and operations in 38 countries, including the main international
financial centers. In Europe, the Bank has forged strategic alliances with
major European banks: Royal Bank of Scotland, Commerzbank, Societe
Generale and San Paolo-IMI. In Latin America, the Santander Central
Hispano Group is the leading franchise, with a strong presence in twelve
countries and nearly fourteen million customers.
BNP Paribas
BNP Paribas is France's largest listed banking group. It ranks first in
France in terms of net income and fourth in Europe for stockholders'
equity. It has the second-largest stock market capitalization of all euro-
zone banks. The BNP Paribas merger is a major event in European banking
history. The new Group has one of the most extensive international
networks in the world, with offices in 83 countries organized around seven
preeminent financial centers. It also has a real capacity for innovation
and true expertise in new technologies and distribution channels. Thanks
to the complementarity of its commercial and financial activities, BNP
Paribas already stands out as a truly international player in the areas of
corporate banking, capital markets, international private banking, and
asset management.
Barclays Bank
Barclays PLC is one of the largest financial services groups in the UK and
is engaged primarily in the banking and investment banking businesses.
Barclays has been involved in banking for over 300 years and operates in
over 60 countries world-wide employing 74,000 people. In 1999 the Barclays
Group achieve pre tax profits of (pound)2,460 million. For further
information on Barclays visit the website at www.barclays.co.uk.
Citigroup
Citigroup (NYSE: C - news), the most global financial services company,
provides some 100 million consumers, corporations, governments and
institutions in over 100 countries with a broad range of financial
products and services, including consumer banking and credit, corporate
and investment banking, insurance, securities brokerage and asset
management. The 1998 merger of Citicorp and Travelers Group brought
together such brand names as Citibank, Travelers, Salomon Smith Barney,
CitiFinancial and Primerica under Citigroup's trademark red umbrella.
Additional information may be found at http://www.citigroup.com
e-Citi is the business unit of Citigroup leading the company's mobile
strategy and participation in the Mobey Forum. e-Citi was created to
pioneer electronic financial services and e-commerce solutions to every
customer segment, including large, mid and small-scale businesses,
governments and consumers. Since its inception in 1997, e-Citi has applied
the power of the Internet and new technologies and capabilities to create
content, extend delivery channels and customize transactions for Citigroup
customers around the world.
Deutsche Bank
With over EUR 839 billion in assets as of December 31, 1999 and more than
93,000 employees, Deutsche Bank offers its clients unparalleled financial
services throughout the world in more than 60 countries. It ranks among
the leaders in asset management, capital markets, corporate finance,
custody, cash management and private banking. Deutsche Bank is divided
into five major business units: Global Corporates and Institutions, Global
Technology and Services, Asset Management, Corporates and Real Estate and
Private and Retail Banking. Deutsche Bank provides a fully integrated
investment and wholesale banking service to corporate clients from its
main centers in London, Frankfurt, New York, Baltimore, Tokyo, Singapore,
Hong Kong and Sydney, as well as its regional offices around the globe.
The keys to the Bank's success remain constant: customer focus, the spirit
of innovation, a broad range of product skills combined with technological
power and financial strength delivered by highly skilled
professionals.
HSBC Holdings
Headquartered in London, with over 5,000 offices in 80 countries and
territories and assets of US$569 billion at 31 December 1999, the HSBC
Group is one of the world's largest banking and financial services
organisations.
MeritaNordbanken
Nordic Baltic Holding (NBH) AB (publ) is the leading Financial Group in
the Nordic and Baltic Sea Region with total assets of EUR 194 billion and
a world leader in Internet banking with 1.4 million e-customers. NBH owns
MeritaNordbanken Plc and Unidanmark A/S with i. a. Merita Bank,
Nordbanken, Unibank, Tryg-Baltica, Vesta, Merita Life and Livia. Six
business areas serve 8.5 million private and 500 000 corporate and
institutional customers through 1 100 bank branches, 125 insurance service
centres, telephone and e-banking services and own operations in 18
countries outside the Home Region. NBH is now publicly listed in
Stockholm, Helsinki and Copenhagen. For further information, please visit
www.meritanordbanken.com and www.unidanmark.dk
SEB - Skandinaviska Enskilda Banken
The SEB Group is one of the largest financial groups in the Nordic area,
with SEK 930 billion in assets under management. SEB offers a broad range
of banking, savings and insurance services. The Group is represented in
some 20 countries and has about 2.5 million customers and 20 000 employees
(incl. BfG). SEB has acquired BfG, the fifth largest private commercial
bank in Germany with 1 million customers, 5 300 employees and 177 branch
offices. SEB will launch an Internet brokerage in Germany during the third
quarter 2000. SEB Group has 570 000 e-customers, whereof 410 000 in Sweden
and is a world leader when it comes to the share of Internet customers of
the total stock of customers, a little over 25 per cent. SEB launched an
e-bank in Denmark in April this year- based on the Pan-European model. SEB
will launch mobile banking after summer this year. SEB's vision is to be
the leading e-centric, customer driven provider of financial services in
Europe. Please visit www.seb.net,and www.seb.se
UBS
Headquartered in Switzerland, UBS is one of the world's leading financial
services groups. UBS Group consists of three main businesses: UBS
Switzerland, UBS Asset Management and UBS Warburg. UBS ranks among the top
10 banks worldwide by market capitalisation and is number 1 in
Switzerland; with a market capitalization of approximately CHF 92.6 bn
(USD 58.2 bn), UBS is among the three largest companies listed on the
Swiss stock exchange. UBS is one of the largest global asset managers
world-wide (CHF 1,744 billion as of 31 December 1999) and enjoys the
largest market share of retail banking in Switzerland.
Visa International
As the ``World's Best Way to Pay,'' Visa is the world's leading payment
brand and the largest payment system worldwide with more volume than all
other major payment cards combined. Visa plays a pivotal role in advancing
new payment products and technologies to benefit its 21,000 member
financial institutions and their cardholders. Visa has more than 80 smart
card programs in 35 countries and on the Internet, with 23 million Visa
chip cards, including 8 million Visa Cash cards. Visa is pioneering SET
Secure Electronic Transaction programs to enable and advance Internet
commerce. There are over 970 million Visa, Visa Electron, Interlink, PLUS
and Visa Cash cards, which generate more than US$1.5 trillion in annual
volume. Visa-branded cards are accepted at over 18 million worldwide
locations, including at more than 550,000 ATMs in the Visa Global ATM
Network. Visa's Internet address is www.visa.com.
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