ClairMail Inc. posted a 270 percent year-over-year increase in bookings for the first quarter of 2010, which ended March 31.
According to a news release from ClairMail, growth in the mobile banking space has "skyrocketed" since the same quarter a year ago. ClairMail research projects that 46 percent of the top 600 banks are planning to purchase or implement mobile banking strategies in 2010.
ClairMail says end-user adoption of ClairMail's Mobile Banking system has increased exponentially, with a recorded 300 percent increase in end-user adoption and 440 percent increase in mobile banking transactions from Q1 2009.
"Our significant revenue increase and the accelerated adoption rates our customers are experiencing over the past quarter demonstrate the heightened demand for mobile banking," said ClairMail CEO Pete Daffern. "2010 is set to be the year in which the true capabilities of the always accessible, ubiquitous mobile channel begin to reach full delivery to FI customers. We are greatly looking forward to our anticipated growth in 2010 as we continue to roll out industry-first products and technologies for our customers."
During Q4 2009 through Q1 2010, ClairMail expanded its international reach through partnerships with resellers Misys, Diebold Inc., FIS, and ebpSource, extending the ClairMail solution to financial institutions in Latin America, Asia, Europe and India. And the recent content partnership with Mitek Systems complements the ClairMail system with mobile remote-deposit-capture capabilities.
"Consumers and financial institutions are increasingly demonstrating that they want more than just basic 'check-box' solutions," said Red Gillen, senior analyst in Celent's banking group. "In order to move to the next stage of functionality and increase mobile banking adoption numbers, solution providers should not be lulled by the early excitement of the past few years. Rather, solutions providers have to deliver true mobile financial services that not only provide consumers with account access and management while on the go, but also offer banks with other touchpoints to interact with their customers to deliver value-added services, such as the ability to receive and view rewards and offers."
