Industry views: GDPR, are we ready?

By | Europe, Privacy, Regulation, Security | No Comments

The EU’s general data protection regulation (GDPR), is just under one year away and expands the rights of EU citizens around privacy and protection of personal data.

Among other things, it requires that companies maintain adequate data records, disclose data breaches and increase opt-out options. Heavy fines are on the table for companies that do not comply.

We asked MEF members and experts the wider mobile, legal and data industries to give us their thoughts on GDPR readiness, the implications for consumer privacy and whether or not they view the forthcoming legislation as an opportunity. Here’s what they said…

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Fraud in the enterprise mobile messaging industry continues to challenge market growth

By | mobile messaging | No Comments

Fraud is a persistent threat to both trust and the sustainability of the enterprise mobile messaging ecosystem which is why the industry is coming together to raise awareness and find solutions.

MEF has today published an update to its Enterprise Mobile Messaging Fraud Framework which helps identify the fraud types affecting all stakeholders in the enterprise mobile messaging value chain, also known as A2P or “Application to Person” messaging, and the measures needed to tackle sharp practices.

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Executive Insights Series: Glyn Povah, Telefónica

By | Executive Interview | No Comments

In the latest Executive Insights video, supported by Mahindra Comviva, MEF talks to Glyn Povah, founder and director of global product development for Smart Digits at Telefónica. He explains why Telefonica started an new business unit to explore data insights.

In the north of England, they have an expression: ‘where’s there’s muck, there’s brass’. It means you can always turn trash (muck) into money (brass).

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Game of Phones, Deloitte’s African consumer survey

By | Analytics, Featured Post, MEF Africa | No Comments

Smartphones are not just a part of our lives, they are our lives.

That’s just one of the conclusions reached in Deloitte Africa’s recent consumer survey, Game of Phones.

Here Arun Babu, Partner in the Strategy & Operations practice of Deloitte Consulting in Africa and Telecommunications Leader looks more deeply at the survey results which indicate the primacy of smartphones in one of the world’s most interesting and dynamic markets.

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Money 2020: are banks finally ready to get personal?

By | Event, Featured Post, Mobile Money, Opinion | No Comments

Could accessing your banking info ever be as easy as opening up a Google Map? Ahead of a MEF-sponsored panel on the personal data economy at Money 2020, Tim Green looks into the drive towards open banking APIs…

Next week, the world’s financial futurologists head to Copenhagen for Money 2020. It’s the big talking shop for next-gen banking. And MEF will be there. We’ll be hosting a panel session on the personal data economy. It should be good. I’ll be moderating the event, and I know from talking to many banking execs over the last year or two that awareness of the ‘internet of me’ concept is pretty low.

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MEF Member News – June 19

By | MEF Member News round-up | No Comments

What’s the news from the MEF community? Here’s your weekly round up of all the latest announcements from MEF members including product launches, partnerships, research insights and more…

China is the world’s fastest growing mobile ad market – outstripping the next largest by 2x.
That’s the key finding of Smaato’s Q1 2017 Global Trends in Mobile Advertising Report. It analysed data from 300bn impressions to reveal that China grew +90 per cent year on year, more than twice that of runner up Australia (+37 per cent).

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Global mobile news round-up 16th June

By | News Roundup | No Comments

Find out the week’s top mobile stories from around the world. This week.. The EU introduces new roaming charge rules, Apple undercuts Facebook in augmented reality platform war, are smartphone apps bad for your finances? mobile subscribers hit 5BN globally and much more…

Waiting for one’s smartphone to find a signal after landing has become a familiar part of flying. Travellers gaze at their devices, anxious for a connection and the adrenaline rush that accompanies receiving a few hours’ worth of notifications in one blast. Meanwhile, a complex process is occurring.

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Screen Shot 2017-06-13 at 16.44.47

Did you hear? Apple Pay just became a bank account (sort of)

By | Featured Post, Mobile Money, Opinion | No Comments

What is going on with Apple Pay? Last week, Apple revealed a new virtual card for storing funds received from other users. So what is this? A bank account? A gift certificate? A loyalty card? Tim Green ponders what the move means for Apple, for users and for competitors…

Ever since Tim Cook first unveiled Apple Pay, the finance world has obsessed over this question:

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Woman using smartphone and login internet banking for shopping online.

SS7 Vulnerability underlines need for new financial-telco collaboration

By | Featured Post, Mobile Money, Opinion, Security | No Comments

Recent hacking attacks have brought the vulnerabilities of global telephony protocols to the fore. Stephane Groud, Product Director at MEF Member Myriad Connect discusses an apparent spike in cybercrime, and what banks and networks need to do to counter it.

The security world is looking at vulnerabilities in Signaling System 7 (SS7), with financial institutions and telcos alike expressing concern that mobile banking is increasingly vulnerable to hackers and fraudsters.

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Cape Town aerial, South Africa

Unlocking mobile content in Africa, the Basebone imperative

By | Country Focus, Featured Post, MEF Africa | No Comments

MEF member Basebone is now 10 years old. The company has built a business on providing mobile entertainment and value-added services through paid subscription portals across 10 countries in four continents. Its focus is on high growth, mobile first regions.

The model works. In South Africa alone the company has over 30 million paid subscriptions achieved since market entry.

Yet delivering content isn’t straightforward. Ericsson’s 2016 Global Mobility Report suggests that there is an 85 per cent mobile subscription rate in Sub-Saharan Africa (expected to reach 105 per cent by 2022, with over 1 billion mobile subscriptions). Typically there is complexity at the network level where there is a mix of devices and low to high bandwidth connectivity options.

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