Frost & Sullivan Names Amdocs Latin American Mobile Financial Services Company of the Year
ST. LOUIS, Nov. 5, 2015 (GLOBE NEWSWIRE) -- 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.
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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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