3C Enterprise Wireless Pty. Ltd. reaches out to the remotest place in the country, population that have no access to automated teller machine, by enabling traditional banks to fully integrate technology to boost financial inclusion in the country.
This latest in technological innovation is a secure gateway for banking institutions as they are provided their own dedicated and private wireless network.
Did you know that this unassuming contraption has the ability to give us access to ATM in the remote places in the country (for as long as there's celluĺar signal)? 💳 This tech innovation brought in the country by #3C is a secure gateway for banking institutions, providing banks their dedicated private #wireless network. This will translate to ATM availability in places that were otherwise unreachable, wider consumer reach and better revenue. 💵 #technews #banking #finance #wirelesstechnology #encryption #b2b
According to a World Bank study in 2014, about 69% of Filipinos did not have bank accounts of their own or maintained one with someone else. The figure is quite alarming because the global average then is only 38%. Access to financial products and services is vital, especially for the marginalized sectors of society, because it is a catalyst for economic development and fosters inclusive growth.
“The geography of the Philippines makes it difficult to provide easy access to financial products and services. But by being able to connect ATMs wirelessly in a secure, fast and reliable manner, we are able to reach many Filipinos spread across the 7,107 islands,” said Dr. Ted Marr Ph.D, Executive Vice President of 3C Wireless.
The 3C Secure Network can be used to replace traditional and expensive leased line links or can be used as a backup to these links to increase availability. The solution is very reliable as it is dual carrier capable meaning that even if the primary telecommunications provider has a failure there is an inbuilt redundant link that will automatically come online.
The 3C Secure Network uses industry standard encryption technology to secure data. This secure traffic is only encrypted and decrypted in the respective banks’ own trusted network so there is no possibility of non-‐encrypted traffic being captured over the air. And to top it off, the solution is very fast because it utilizes the latest high-‐speed cellular services and fibre optic technology.
“Our solution is readily available and can be deployed in minutes. It also comes with an Easy-‐ to-‐Use Management System giving banks total control of their communications system,” said Robert Huddlestone, Chief Technology Officer, 3C Wireless.
3C Wireless was the technology partner in the recent 2016 NCR Consumer Experience Banking Forum. NCR is the world’s number one provider of ATM’s with over 810,000 installed globally.
For more information on 3C Wireless, visit www.3centerenterprisegroup.com.