LITTLE ROCK, Ark.--(BUSINESS WIRE)--Feb 18, 2015--GlobeOne R, LLC, a financial technology company collaborating with a network of financial institutions around the world, has selected Acxiom R (Nasdaq: ACXM), an enterprise data, analytics and software-as-a-service company to develop a database and processing platform to collect, process, calculate and return data to partner banks in the GlobeOne network.
GlobeOne, founded by a community of socially conscious entrepreneurs with experience in the financially underserved markets, is committed to enhancing financial inclusion, a critical element for economic and social development. By pioneering the use of technology to make financial transactions affordable and flexible, and activating its network of member banks, GlobalOne creates financial opportunities and community growth.
As part of this multi-year agreement, Acxiom will provide data hosting services to help GlobeOne to collect, process, calculate and return data to partner banks in the GlobeOne network. As a trusted extension of GlobeOne, Acxiom will adhere to the Fair Credit Reporting Act (FCRA) and the Gramm?VLeach?VBliley Act (GLBA) that regulates the collection and use of consumers' financial data.
"We firmly believe that everyone benefits from financial inclusion," said Stephen Landry, chief operating officer at GlobeOne. "Our partnership with Acxiom will help us advance our vision of transforming the lives of the communities in which we operate ?V we were impressed by the speed, scalability and cost-effectiveness of Acxiom's solution."
"We are honored to support GlobeOne as they strive to create opportunities for the underserved markets," said Jim Harold, group vice president at Acxiom. "We look forward to working with progressive financial services entities like GlobeOne to drive innovation and create greater customer value."
Headquartered in Santa Monica, CA, GlobeOne LLC is a financial technology company collaborating with a network of financial institutions around the world to create a truly global community. Through their patent-pending SocialBoost R, GlobeOne members collectively have the opportunity to earn an income stream from their banking relationships. In addition, they can instantly transfer funds domestically and internationally at no extra GlobeOne charge, establish a no-minimum demand checking account with debit card, and create a security / savings account with line of credit.
GlobeOne was founded by a community of entrepreneurs who recognize the potential of mobile technology to enable the world, for the first time ever, to have simple, affordable financial tools. Their mission is to create financial inclusion and financial opportunity for the growing number of dissatisfied and underserved by improving and enhancing their financial health and well-being.
Acxiom is an enterprise data, analytics and software-as-a-service company that fuses trust, experience and scale to fuel data-driven results. For over 40 years, Acxiom has been an innovator in harnessing the most important sources and uses of data to strengthen connections between people, businesses and their partners. For more information about Acxiom, visit Acxiom.com. Acxiom is a registered trademark of Acxiom Corporation.
Ines Gutzmer, 404-434-0237
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PUB: 02/18/2015 10:00 AM/DISC: 02/18/2015 10:00 AM