Advanced Integrated Systems adding business line, partnerships
But stock market listing still three years away
CEO and company founder Douglas Halsall is indicating that it will be another three years before Advanced Integrated Systems Limited, AIS, proceeds with plans to list on the Jamaica Stock Exchange, but is laying the groundwork for the expansion of the company in the interim.
Victoria Mutual Building Society (VMBS) says it is now conducting a mobile money pilot with technology provider Advanced Integrated Systems (AIS) and its American partner Quisk.
JMMB and Lasco Financial Services Limited (LFSL) are also in talks with AIS and Quisk to use their cloud platform to launch their offerings; while conglomerate GraceKennedy Limited is in the second month of its own pilot.
President and CEO of VMBS Courtney Campbell said the building society is to submit its request to the Bank of Jamaica (BOJ) for approval for its mobile product.
Information technology company Advanced Integrated Systems (AIS) says its mobile money platform should go live in the next three months.
National Commercial Bank Jamaica is expected to be the first to roll out products and services through the platform, says Doug Halsall, chairman and CEO of AIS, but adds that they have three other financial service providers lined up as clients.
