mFoundry (News - Alert), a service provider whose name is in the forefront of mobile banking services, recently announced that around 500 banks as well as credit unions located in North America have chosen them as their mobile banking solution service providers.
In a release,. Drew Sievers (News - Alert), mFoundry CEO and Co-Founder, said, "Since we announced signing 400 clients this past June, we have seen the pace of new signings increase to more than one new client per day. Within the last 60 days we added more than 100 new financial institutions. It's a blistering pace."
mFoundry's success is based on its top performing software as a service (SaaS (News - Alert)) mobile banking product. On the one hand mFoundry sells mobile banking services to many financial institutions upfront, on the other they have an extensive network of partners which include the likes of FIS Global, First Data Corp. (News - Alert), Open Solutions, CO-OP Financial Services, PSCU Financial Services, COCC, and NCR, all of whom provide mFoundry with a platform to develop faster than any existing mobile banking provider.
mFoundry makes use of its personal connections in the industry's vast network of banking cores and is thus able to offer they SaaS product quickly enough to gather banks and credit unions that opt for its robust yet flexible mobile banking solution.
mFoundry today is the force behind the largest hosted mobile banking platform based in North America. This unique position enables them to add constantly evolving, ROI-generating features to their client as well as partner network. In contrast to other mobile banking providers, the new services that are added to the mFoundary platform are made instantly available for installation on mFoundry customer and partner base.
Sievers adds, "Many financial institutions have selected solutions that are highly-customized and nearly impossible to update. We believe that enhancing only one bank with a new feature isn't worth doing unless the entire network benefits. So from the beginning, we designed our solution to be frictionless, providing the fastest path to deployment and ongoing innovation. It's a key reason we're selected by more banks and credit unions than any other company."
Some of mFoundry major clients include financial institutions of the likes of Bank of America, PNC (News - Alert) Bank and Zions Bank.Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin’s articles, please visit his columnist page.
Edited by Rich Steeves