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Reliance Money, Webaroo come together to launch mobile financial portal

15-September-2007
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Reliance Money, Webaroo come together to launch mobile financial portal

Reliance Money, the financial services and products distribution company of Reliance Anil Dhirubhai Ambani Group, has come together with Webaroo to introduce financial market information across mobile platforms. The ‘Mobile Financial Portal’ offers a range of financial services and information to its investors across all telecom operators.

The tie-up was announced by Sudip Bandyopadhyay, Director and CEO of Reliance Money, and Beerud Sheth, Co-founder and President of Webaroo, the technical partners for this initiative.

“This unique initiative will provide mobile users an opportunity to stay connected with financial markets while on the move, irrespective of the status of their network. Most importantly, this service is being offered by Reliance Money free of charge to all, across networks and mobile technologies,” said Bandyopadhyay.

“The portal, with its rich contents and advance graphics, is cached on the user’s mobile handsets for facilitating quick and seamless experience irrespective of network connectivity. Our market leading technology provides a scalable platform for content delivery on a variety of handsets while also enabling advertising opportunities for advertisers,” said Sheth.

“This service would reach out to millions of telecom users – a sizable number of who are either active or potential investors – and facilitate rapid expansion and wider dissemination of our services. Reliance Money customers would soon be in a position to access their portfolio, trade book and order book through this mobile portal,” added Bandyopadhyay.

Reliance Money claims to be the first financial intermediary to introduce mobile portal for providing financial market information, in-house research and stock updates to its users. The backend technology ensures that the user will have a great experience, irrespective of the number of mobile users accessing information from this portal at any given point in time.

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