BROKAT and Nokia Team Up to Deliver WAP Solutions to the Financial Services Industry.Business Editors STUTTGART, Germany/HELSINKI, Finland--(BUSINESS WIRE)--Jan. 26, 2000 Nokia and e-business specialist BROKAT, have formed a global partnership to deliver WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. (Wireless Application Protocol) to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. As a result of the initiative, businesses using BROKAT's e-Services platform, Twister(TM), will be able to offer secure transactional services via WAP-enabled mobile phones. Services will run over the Nokia WAP Server. The first beneficiary of WAP-enabled business applications is expected to be the financial services industry, an early adopter of e-commerce. Because of its dynamic nature, WAP is expected to become a key delivery channel for the secure execution of transactions on the move and the retrieval of ever-changing information, such as bank account details. Banks will be able to provide mobile financial services, including balance inquiries and fund transfers. The partnership also allows development of further services such as mobile ticketing Mobile ticketing is the process whereby customers can order, pay for, obtain and validate tickets from any location and at any time using mobile phones or other mobile handsets. and sharedealing. &uot;Banking is changing more than any other industry,&uot; said Roy Smith, general manager for Northern Europe at BROKAT. &uot;The arrival of Internet banking has changed customer expectations. Mobile services are just the next step on the road to full customer autonomy and self-service via electronic channels.&uot; According to Gerhard Romen, vice president of enterprise at Nokia Internet Communications, Wireless Software Solutions, &uot;WAP has become the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in mobile communications. Nokia's WAP technology is highly applicable to BROKAT's Twister e-Services platform. Therefore, we're looking forward to working with BROKAT to deliver reliable and secure WAP-enabled solutions to the customers in the financial services industry.&uot; About BROKAT BROKAT (www.BROKAT.com) is a leading supplier of software that permits financial transactions to be conducted easily and securely, anytime, anywhere through electronic channels. BROKAT Twister provides an open, secure, multi-channel infrastructure that is optimised for rapid development, software re-use, and electronic delivery of business services. BROKAT Twister e-Services Platform is used by more than 2000 companies, including Deutsche Bank, ABN Amro, Allianz, Cooperative Bank UK, Debitel and Primus-online. BROKAT was founded in 1994 and currently has 495 employees in twelve countries. About Nokia Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, fixed and IP networks including related services. It also supplies multimedia terminals and computer displays. In 1998, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight totaled EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 13.3 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15.7 billion). Headquartered in Finland, Nokia is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (NYSE NYSE See: New York Stock Exchange :NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges and employs more than 53,000 people. Internet: www.nokia.com. About WAP The Wireless Application Protocol (WAP) is an open, global specification that empowers mobile users with wireless devices to easily access and interact with information and services instantly. For more information about WAP see: www.wapforum.org. NOTE TO EDITORS: BROKAT, BROKAT Infosystems and Twister are trademarks of BROKAT Infosystems, AG in the United States and other countries. All other trademarks are properties of their respective companies. |
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