Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
Polar Mobile chosen one of Canada’s select “Companies-to-Watch” in the 2010 Deloitte Technology Fast 50™ Awards
Polar Mobile has won a spot on the 2010 Deloitte Technology Fast 50 “Companies-to-Watch” Awards, one of four separate awards categories that make up the 2010 Deloitte Technology Fast 50 Awards.
The company provides a platform for an end-to-end solution that enables Publishers to rapidly launch mobile Apps that work across all major smartphones (iPhone, BlackBerry, Android, etc.). With a key focus on the News and Sports media verticals.
The Companies-to-Watch Award honours early-stage technology companies in business less than five years. These companies exemplify many of the winning characteristics of Deloitte Technology Fast 50 ranked companies, which are judged using a longer track record.
“Companies-to-Watch award winners frequently go on to score high rankings in the Deloitte Technology Fast 50 once they have a five-year track record,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Polar Mobile has quickly distinguished itself for its innovative technology and entrepreneurship and this award recognizes its potential as a future leader in the Canadian technology industry.”
“We are honoured to be included in this year’s ranking among other very accomplished companies”, says Kunal Gupta, Chief Executive Officer, Polar Mobile. “The Polar Mobile team is to credit for their tremendous efforts and dedication into building this into a world-class company in less than three years. We are excited for the next three years!”
The majority of Companies-to-Watch winners are global leaders in technology sectors that did not exist five years ago. To win the award, companies must display the kind of management expertise and superior technology that mark a successful early-stage company poised for continued growth. To qualify for the Companies-to-Watch Award, candidates must have been operating less than five years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.
Source: Polar Mobile