An example of the rise in need for mobile-banking services, mFoundry announced today that 500 banks and credit unions in North America have now selected its mobile banking solution.
mFoundry pins its success on its software-as-a-service (SaaS) mobile-banking product. In addition to offering services directly to financial institutions, the company has an extensive partner network that has helped it grow quickly.
“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," said mFoundry CEO and Co-Founder Drew Sievers. "Within the last 60 days we added more than 100 new financial institutions. It's a blistering pace. Every day there are more and more financial institutions looking to offer mobile banking to their customers," noted Sievers.
There is plenty of more room for growth. Sievers says only about 15 percent of the market has deployed a mobile-banking solution.
mFoundry says it powers the largest, hosted mobile-banking platform in North America, making it perfectly positioned to quickly add innovative, ROI-generating features to its client and partner network.
