part 211 Nov 2015 11:02
More recently the Company announced that is has secured a repeat sale with the Government Savings Bank of Thailand (GSB) through its partner TNFIS, part of the T.N. Information Systems group. This deal is utilising Vipera’s digital financial services platform MOTIF, under license. This is Outlook In May, Vipera announced the launch of a Mobile Card Control service to a second leading German Bank, Deutsche Bank. This service is provided in conjunction with MasterCard, utilising their transaction management platform and providing the banks’ credit card holders with a dynamic range of card monitoring, transaction and management capabilities, direct on their smart phones. This new service now represents a significant step forward in the respective bank’s ability to offer a further range of functionalities to their combined c.4m credit card users in Germany. More recently the Company announced that is has secured a repeat sale with the Government Savings Bank of Thailand (GSB) through its partner TNFIS, part of the T.N. Information Systems group. This deal is utilising Vipera’s digital financial services platform MOTIF, under license. This is encouraging particularly because GSB purchased a licence in September 2014 for 100,000 users, and the additional licence is for a further 1 million users. The contracted revenue is a significant and welcome contribution to the Company achieving its 2015 financial goals. GSB is using Vipera’s technology in its newly launched mobile banking service, “MyMo by GSB” providing powerful personal banking and financial management tools in the hands of GSB’s customers via their smartphones. In 2015, the Company increased its investment in sales and marketing resource and this was one of the purposes of the capital raise earlier this year. During 2015 it has added a Chief Marketing officer (who also brings a Scandinavian focus), a UK focused salesman (who is already being productive), and two marketing/sales support staff. Further planned hires include a salesman in Germany. To put this in context, the total sales and marketing expenditure in 2015 will end up being around twice that of 2014.