MONILINK awarded innovative new product 2007

UK Mobile Banking Service is Voted Year's Most Innovative Product by Readers of Banking Technology Magazine

MONILINK and Monitise are pleased to announce that they have won the Most Innovative New Product category in Banking Technology magazine’s inaugural Readers' Choice Awards.

Already used by thousands of consumers throughout the UK, MONILINK allows bank customers to keep a check on their accounts and 'top-up' pre-paid mobile phones directly from their handset. The service is available with many of the UK’s banks, including Alliance & Leicester, first direct, HSBC, NatWest, Royal Bank of Scotland and Ulster Bank, as well as all the major UK mobile operators, meaning that over one in three current account holders can now use MONILINK to keep in touch with their money at all times.

The Readers' Choice Awards were created to recognise the fact that financial institutions are increasingly turning to independent software providers in search of solutions to a range of issues that would once have meant an expensive bespoke development. This year, for the first time, Banking Technology’s readers were asked to vote for their choice of what they consider to be the best systems in a range of categories.

Votes were cast through a web-based system. In some categories, the margins were very tight, while others showed runaway winners almost from the start of voting.

"We have been delighted by the response from readers, which exceeded our expectations," said David Bannister, editor of Banking Technology. "The companies that won in these categories can be justifiably proud that their products and services are known and recognised in the wider market and I congratulate all of those whose customers and users went out of their way to cast votes."

Alastair Lukies, chief executive of Monitise and MONILINK added: "We've invested five years, working in partnership with the UK banking industry, to build the world’s first industry platform approach to mobile banking and payments that meets the needs of consumers today, whilst also having the scalability to meet the challenges of tomorrow."


Contacts:

Monitise Group
Duncan McIntyre, Chairman
Alastair Lukies, CEO
Ben Evetts, Head of Communications

Tel: 020 7868 5200


Financial Dynamics
Harriet Keen
Haya Chelhot

Tel: 020 7831 3113


Notes to Editors:

Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking and payments technology. It has developed the world's first mobile banking ecosystem, which allows consumers to perform banking and payment transactions using a single consistent interface regardless of their choice of mobile operator or bank.

With live services in the UK, where it has delivered the MONILINK network in partnership with VocaLink, the company is currently working with international partners to deliver similar safe, secure mobile banking services in territories worldwide. Current key partners include VocaLink Interchange Network, Metavante, BT Global Services, T-Systems, HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.

Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in 2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and; awarded the Innovation in Messaging award 2007 by the Mobile Messaging Association. www.monitisegroup.com