How they describe themselves: The mobile phone revolutionizes the economics of financial services on reaching, capturing and serving consumers by harnessing the 5B people who own a mobile phone today. Whether to enhance the convenience of an existing consumer or untapping tomorrow’s wealth, the mobile phone is the leapfrogging conduit to reach consumers. Mistral Mobile combines vast experience in mobile technologies with hands-on knowledge of how mobile financial services work, making it possible to leapfrog traditional approaches and drive the next wave of success in mobilized financial services. Mistral Mobile was founded by former Nokia mobile financial services leaders who fervently believe in both the commercial benefits of offering fully mobilized financial services as well as the socio-economic benefits these can bring to societies and individuals.
How they describe their product/innovation: Money Mobility Suite is the focal point of building a comprehensive mobile front-end for any financial service. Suite integrates to any financial services system such as core banking systems, payment processing systems or a stored value account system and provides fully secure communication between the system and the Money Mobility applications in the handsets. Suite provides fast time to market to deliver mobilization for various types of financial services. Most importantly, it provides remote management and configuration capabilities for all the applications through a single configuration management center and enables the financial service provider to instantly add or change features available for the users of the different financial services products.