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JT has expanded its Mobile Intelligence offerings by acquiring Spectrum Message Services, an Australian-based company.
Spectrum combines mobile communications platforms with anti-fraud and payment systems and has global partnerships with top-tier transactional software and service solution providers.
Its flagship product, MoneyGuard, is a mobile alert system that’s used to process transactions for more than 120 million consumers worldwide using cards, accounts and other electronic payment forms.
JT plans to integrate MoneyGuard into its existing portfolio. Daragh McDermott, CEO of JT Group, said it will enhancing its ability to protect customers from financial fraud and identity theft.
“JT Group's vision is to connect our customers, and this strategic acquisition perfectly aligns with our commitment to using data-driven solutions to combat financial fraud. MoneyGuard's innovative features complement our existing Mobile Intelligence portfolio, bolstering our ability to provide effective communication channels in the dynamic world of financial transactions.”
Gerard Vos, Managing Director of Spectrum, added: “This marks an exciting chapter for MoneyGuard. Our shared vision for combining mobile alert systems with mobile intelligence aligns perfectly, and we look forward to contributing to its further growth by adding our expertise to JT's initiatives in combating fraud whilst improving the overall customer experience.”
Pictured: Daragh McDermott and Gerard Vos.
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