January 30, 2015 2:30 PM ET

Software

Company Overview of Malauzai Software, Inc.

Company Overview

Malauzai Software, Inc., a technology company, provides mobile solutions for small and medium sized community-based financial institutions and IT companies. It offers SmartApps that enables customers to access banking and customer service features from portable devices, such as SmartPhones and SmartTablets/iPad. The company also provides professional/mobile solution consulting services, such as readiness audits, engagement packages, and project-based consulting. Malauzai Software was incorporated in 2010 and is based in Calabasas, California.

5306 Enderby Court

Calabasas, CA 91302

United States

Founded in 2010

Phone:

978-443-8487

Key Executives for Malauzai Software, Inc.

Chairman and Chief Executive officer
Age: 57
Chief Product Officer
Compensation as of Fiscal Year 2014.

Malauzai Software, Inc. Key Developments

Malauzai Software Launches SmartwebApps(TM) to Bring the Mobile App Experience to the Desktop

Malauzai Software has launched its SmartwebApps at FinovateFall in New York. The platform brings a native app-like experience to the desktop, offering the same functionality of Internet banking in addition to the advanced features and user experience of Malauzai's mobile banking SmartApps. The system was built based on three tenets: Mobile Only Experience (MOX): Consumers have shown their preference for the mobile channel. In fact, in its 2014 Consumer Channel Preference Survey, IDC Financial Insights predicted that mobile banking will overtake online banking by 2015. For this reason, the user experience needs to be designed for the mobile channel. Convergence: The SmartwebApp user experience is device agnostic and offers the same features and functionality no matter how the account holder accesses it, be it through their smartphone or via the browser on their desktop. Superior Economics: A sophisticated application management system enables a bank or credit union to use one SmartApp across all devices, computers and browsers, giving them the ability to replace online banking with a more cost-effective alternative. Currently, institutions pay a separate charge per user for both mobile and Internet banking. SmartwebApps eliminate the Internet banking fee, drastically cutting institutions' cost to offer both services.

Malauzai Software and Trusteer Team Up to Help Customers Bancorp Strengthen Security of Mobile Banking Application

Malauzai Software has teamed up with Trusteer to provide an integrated solution that is being used by Wyomissing, Pa. based Customers Bancorp, Inc. to strengthen the security of its mobile banking application. With the rate of mobile malware on the rise, this solution provides end users with an additional layer of security by integrating Trusteer's Mobile SDK security solution into Malauzai's SmartApps. With Trusteer's Mobile SDK embedded into a SmartApp, the device is scanned to identify a broad range of risks, including: Jailbroken (iOS) and Rooted (Android) devices, Missing Operating System (OS) security patches, Risky application configurations and permissions, Malware infections and Unsecured Wi-Fi access. Once the scan is complete, a mobile risk score is determined. Customers Bancorp uses this result to secure mobile banking transactions. Risk data is provided to the mobile banking app and can be used to restrict account functionality based on device risk levels.

Vons Credit Union Moves to Malauzai Software SmartApp to Improve Mobile Banking Flexibility

Malauzai Software, announced that El Monte, Calif.-based Vons Credit Union has switched to the company's SmartApp in order to have more control over the design and functionality of its mobile banking program. In the summer of 2013, Vons began working with its online and core banking platform provider to launch a mobile app. The team at the $425 million credit union quickly became disappointed with the speed of implementation and the outdated nature of the app. Enhancements to the app could only be expected on a yearly basis and the design would be limited to a pre-formed template. There was also no integration with Vons' corporate credit union, which meant mobile remote deposit capture could not be deployed. Vons chose to move its mobile banking development to Malauzai to provide its 45,000 members with a mobile app that would be consistently updated as new features came available. By disconnecting the app from online banking, members would also experience less technical issues and downtime within the mobile channel. In addition, the switch gave the Vons team more input on the design of the app, allowing them to truly promote the credit union's brand. The credit union's SmartApp was live within 60 days of the project start date and supports 5,000 active users.

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