mFoundry’s (News - Alert) efforts to create the best mobile banking experience in the industry was further boosted when it strengthened its strategic relationship with FIS, presumably the largest provider of banking and payments technology.
FIS recently increased its stake in mFoundry. Both companies have been working to improve their mobile banking solutions. FIS’ strong position in financial services technology coupled with mFoundry’s award-winning mobile banking products will provide a stronger foundation for the mobile banking industry.
“With several years of combined success, we have an industry leading mobile platform,” said Anthony Jabbour, executive vice president at FIS Financial Solutions Group, in a press release. He added, “We are excited to continue our work in developing solutions that advance mobile capabilities to the next level.”
mFoundry, according to company officials, is the only mobile banking vendor with proven market expertise in mobile payments, having developed and managed Starbucks Card Mobile, the first and most successful mobile payments program in the country. It is also well positioned to deliver NFC-enabled mobile payments solutions to its customers.
According to Javelin Strategy & Research FIS received top scores in its Mobile Banking Vendor Scorecard and mFoundry was declared winner of the “Path to Mobility” award. These awards serve to emphasize their respective strengths in the mobile banking industry.
FIS also tops the annual FinTech 100 list, is ranked third on the Barron’s 500, 426 on the Fortune 500 and is a member of Standard & Poor’s 500 Index.
Drew Sievers (News - Alert) CEO and co-founder at mFoundry commented on the joint efforts of both companies to create the best mobile banking experience in the industry and to help support FIS customers with a robust mobile experience.
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Mini Swamy is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.Edited by
Rich Steeves
