Frost & Sullivan Names Amdocs Latin American Mobile Financial Services Company of the Year
05 November 2015 - 10:00PM
Amdocs (NASDAQ:DOX), the leading provider of customer experience
solutions, today announced that analyst firm Frost & Sullivan
has honored Amdocs with its 2015 Latin American Mobile Financial
Services Company of the Year Award.
The Frost & Sullivan award letter states that the Amdocs
Mobile Financial Services solution "differentiates itself from
other competitors in the mobile space because it can provide much
more than a payment gateway. … Amdocs' innovative solution is a
technological enabler for economic growth in emerging markets,
allowing consumers to gain access to financial services previously
impossible, and merchants and banks an opportunity to achieve new
revenue streams from a previously unserved market segment."
"Amdocs' strong software development process, business process
expertise, and innovative fraud prevention system is likely to give
the Latin American mobile payments ecosystem the chance it needs to
reach greater mainstream adoption," said Ben Gresham, Best
Practices research analyst, Information & Communication
Technology, Frost & Sullivan.
"This Frost & Sullivan Award provides independent validation
of our approach to mobile financial services and the important
benefits they bring to un- and underbanked people around the
world," said Patrick McGrory, division president for Amdocs
emerging offerings. "According to market research, 2 billion people
in the world do not have a bank account1, yet an estimated 1.7
billion do have access to a mobile phone2. This represents a huge
market opportunity for network operators and banks, and one which
does not end with financial inclusion of the unbanked. The
convenience and speed of mobile financial services are attractive
to everyone in The New World of Customer ExperienceTM, a world in
which customers expect new types of services that bring immediate
value to their lives. This is further validated in recent
independent research3, with new innovative use cases identified as
the drivers behind the next phase of mobile financial services
growth."
Amdocs launched its Mobile Financial Services solution in 2014.
The solution enables mobile network operators, banks, and other
financial institutions to drive adoption of financial services
delivered over feature phones or smartphones, addressing the
fundamental need of unbanked and under-banked populations worldwide
for accessible and affordable banking services.
1 World Bank, http://go.worldbank.org/72MAKHBAM0
2 CGAP, http://www.cgap.org/topics/mobile-banking
3 Amdocs-commissioned Ovum research, "What consumers want", Sept
2014
Supporting Resources
- Read the full award report "Frost & Sullivan best practices
research, 2015 Latin American Mobile Financial Services Company of
the Year Award"
- Keep up with Amdocs news by visiting the company's website
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About Amdocs
Amdocs is the market leader in customer experience software
solutions and services for the world's largest communications,
entertainment and media service providers. Its portfolio powers The
New World of Customer Experience™, where a wide array of innovative
and personalized services are delivered seamlessly to end users,
regardless of device or network. For more than 30 years, Amdocs
solutions, which include BSS, OSS, network control and
optimization, coupled with professional and managed services, have
accelerated business value for its customers by streamlining
complex operating environments, reducing costs and speeding time to
market for new products and services. Amdocs and its more than
24,000 employees serve customers in over 90 countries. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $3.6 billion
in fiscal 2014.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements about Amdocs' growth and business results in
future quarters. Although we believe the expectations reflected in
such forward-looking statements are based upon reasonable
assumptions, we can give no assurance that our expectations will be
obtained or that any deviations will not be material. Such
statements involve risks and uncertainties that may cause future
results to differ from those anticipated. These risks include, but
are not limited to, the effects of general economic conditions,
Amdocs' ability to grow in the business markets that it serves,
Amdocs' ability to successfully integrate acquired businesses,
adverse effects of market competition, rapid technological shifts
that may render the Company's products and services obsolete,
potential loss of a major customer, our ability to develop
long-term relationships with our customers, and risks associated
with operating businesses in the international market. Amdocs may
elect to update these forward-looking statements at some point in
the future; however, the Company specifically disclaims any
obligation to do so. These and other risks are discussed at greater
length in the Company's filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2014 filed on December 8, 2014 and
our quarterly 6-K form furnished on February 9, May 11 and August
10, 2015.
CONTACT: Media Contact:
Sara Preto
Fusion PR for Amdocs
Tel: +1-212-651-4214
E-Mail: sara.preto@fusionpr.com
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