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FIS mFoundry strengthen strategic relationship

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SAN FRANCISCO (2/9/12)--FIS, a provider of banking and payments technology, has  increased its ownership holdings in mobile banking and payments solutions provider mFoundry.

The two companies have been working together on mobile banking solutions for the past several years, serving more than 200 financial institution clients. The enhanced relationship will continue to combine FIS' position in financial services technology with mFoundry's mobile banking products.

"For the past few years, we have worked very closely with FIS to create the best mobile banking experience in the industry," said Drew Sievers, mFoundry CEO and co-founder. "We continue to invest heavily in enhancing our mobile banking product, but also are very excited to help FIS support its customers with a robust mobile experience."

Recently, Javelin Strategy & Research announced that FIS received top scores in its Mobile Banking Vendor Scorecard. The same study also rated mFoundry as the winner of the "Path to Mobility" award, recognizing mFoundry's leadership in Mobile Payments. 

"With several years of combined success, we have an industry leading mobile platform," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group.