A Next-Gen Company focused on Universal Mobile Interface (UMI)
359 Mobile Inc. is one of Consorteum’s wholly owned subsidiaries, responsible for developing end-to-end FinTech solutions for various vertical markets. Its key product is the flagship Universal Mobile Interface™ (UMI), which is a state-of-the-art platform for integrating any stream of data onto a mobile platform. 359 Mobile Inc. is using advanced data analytics and automated management systems to inch towards a more personalized mobile experience for millions of users.
The Technological Edge
The technology now available enables us to provide a transactional framework to support the development of mobile-based applications and deliver a content-rich mobile experience to the end users. The system is also programmed to collect data and integrate it to provide a smoother and faster mobile experience. As the company has its roots in the payment processing industry, Consorteum’s Universal Mobile Interface can handle high-volume payments with absolute ease.
Consorteum’s Universal Mobile Interface is a very fluid system with open APIs which can be re-engineered to suit individual business needs. This makes Consorteum’s Universal Mobile Interface the one-stop-solution for a variety of sectors like e-commerce, banking, mobile entertainment, mobile social media, mobile compliance gaming, and more.
UMI can redefine your brand’s mobile experience by providing a premium user experience that is centered around the end-user. With this platform, you can seamlessly connect with your customers and answer their every need, starting from browsing experience to payments processing to after-sale services. Our UMI encompasses holistic services in a rich mobile experience. We also have full compatibility with various device types and our UMI is interoperable between any mobile network and device. This full-service approach redefines how brands develop mobile strategies to strengthen their connections to consumers.
Today’s current mobile application and transaction solutions are limited – whether it be in how users can interact, or the number of devices it can support. As companies look to mobile strategies, the picture gets extremely cloudy in how to develop a rich mobile offering that can resonate within the mass market. Our UMI takes the “how” out of planning, encompassing all the components that allow for a rich mobile experience to be delivered to a handset.
The Future of Mobile
We believe that the world is entering a new phase of an application-based technology revolution, which stems from the increasing use of mobile devices and a subsequent increase in internet use. This opens-up a lot of opportunities for businesses, governments, and individuals across societies. At the heart of this upcoming revolution would be mobile devices because of their innate portability and ease-of-use. This is why we invested in the cutting-edge Universal Mobile Interface to bridge the mobile divide.
The future of mobile phones looks brighter for the end users. Numerous studies have shown that both the number of smartphone users and mobile broadband subscriptions will increase by leaps and bounds. In fact, the number of mobile phone users in the world are expected to pass the 5 billion mark by 2019. This trend will be fueled by the falling price of smartphones and more feature-rich smartphones, that consistently integrates itself into our daily lives. The gradual increase in computation power will also enable mobile devices to perform high-end functions.
A recent Accenture Report showed that an overwhelming percentage of business executives across sectors like retail, utilities, electronics and high tech, banking, automotive, insurance, communications, healthcare, and energy, agree to the benefits of mobile apps. This is a positive sign because there has been a huge shift in perception towards the use of mobile apps. However, there are challenges like mobile adaptability for end users and app development for businesses/organizations. We constantly try to bridge this mobile gap, making our products more user-friendly with every update.
Growth of the Gaming Industry
The Company believes it has a significant competitive advantage in the mobile market given its rich history in FinTech lead transaction processing. A prime example of a target market for our UMI solution is the mobile gaming sector.
Global Online Gambling (which is comprised of remote gaming activities by means of desktop and mobile) is expected to experience a Global Growth Rate of 7.46%. This market is expected to achieve a value of $48.3 billion in 2018. According to research from Newzoo, the mobile market has the strongest growth rate.
It is estimated that 164 million people in the world will be using mobile devices to access online gambling by 2018. Furthermore, according to Juniper Research, “The online gambling market projected to reach nearly $1 trillion by 2021, with mobile devices driving the majority of growth.”
There are already strong signs that mobile offerings will take a disproportionate slice of the online gambling market in countries with a high penetration of smartphones. The European online gambling industry is forecasted to grow at a CAGR of 5.1% during 2014-2018, exceeding $21.9 billion in 2018. The trend towards increased mobile gambling supports the need for a mobile platform such as the UMI to meet existing and new compliance regulations.