SAN RAFAEL, CA--(Marketwire - August 5, 2010) - ClairMail, Inc., the leader in mobile banking and payments solutions, today announced that it has posted a 300 percent year-over-year increase in revenue for the second quarter ending June 2010. Due to successive record quarters and the company's unmatched roster of Financial Institution (FI) customers, North American banks, ClairMail has also experienced an 800 percent increase in consumer adoption of its mobile financial services.
As FIs strive to meet the evolving needs of their customers, the demand for mobile financial services is growing and accelerating. According to data released by comScore, 13.2 million people accessed their bank accounts from their phones during the month of April -- a 70 percent increase from one year ago and IDC Financial Insights recently reported that mobile banking usage has almost doubled over the past year.
ClairMail has been capitalizing on these trends and employing its innovative and best-of-breed Mobile Connectivity Architecture (MCA) to take a commanding lead in the mobile financial services industry. ClairMail has not only recorded a 300 percent increase in revenue, but accordingly, ClairMail has recorded 800 percent growth in end user adoption, 170 percent increase in cumulative mobile banking transactions and 140 percent growth in personalized alert volume year-over-year.
ClairMail recently announced its new Mobile Connectivity Architecture (MCA), a platform to help FIs future-proof their mobile delivery channel powered offerings. In practice, MCA enables FIs to realize the potential benefits of mobile financial services, while providing custom connectivity that easily deploys expanding initiatives across all internal businesses and channels as mobile services and strategies evolve.
"At ClairMail, we are constantly pushing innovation into the market, which allows FIs to strategically grow their mobile initiatives. That dedication has resulted in another tremendous quarter," said ClairMail CEO Pete Daffern. "With our significant revenue increase and accelerated year-over-year adoption rates, we continue to demonstrate our market leadership. In the second half of 2010, we will continue to provide our FI customers with comprehensive and integrated mobile financial services that enable them to achieve very aggressive adoption goals."
In addition to its record growth this past quarter, ClairMail continues to distinguish itself as a leader in the mobile financial services industry with industry accolades, being named "Best in Class" by Javelin Strategy and Research in their new 2010 Mobile Banking Vendor Analysis report. ClairMail tied for the highest number of points in each evaluation category: product depth, multimodal (triple play -- SMS, mobile web and client applications) and strategic partners.
"Financial institutions are recognizing that mobile can help them accomplish two goals: attract and satisfy customers," said Mark Schwanhausser, senior analyst in charge of multichannel financial services for Javelin Strategy & Research. "A simple mobile banking offering alone, however, doesn't necessarily drive customer satisfaction. It's critical that a mobile platform encourages usage by offering customers personalized content and a superior customer experience -- empowering customers to respond to resolve all account activity within one streamlined interface."
About ClairMail
ClairMail is the leading provider of mobile solutions for banking, payment and card services. ClairMail provides a technology platform designed to help financial institutions realize the strategic potential of mobile banking, driving new levels of customer trust and loyalty, facilitating cross-sell opportunities and enabling near term, measurable cost savings. Financial institutions of all sizes now have an opportunity to reach 100% of their customer base and proactively deliver personalized content through multi-level alerting and triple-play convergence capabilities via a central customer interface. ClairMail's platform also offers multi-channel enrollment options to maximize mobile adoption and ROI, regardless of mobile device, carrier or back-end financial system. Founded in 2004, ClairMail is headquartered in San Rafael, Calif. For more information call (415) 884-7270 or visit www.clairmail.com.
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