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Fiserv Signs Up Over 1,100 Mobile Banking Clients
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Mobile banking software vendor, Fiserv has announced that more than 1,100 financial institutions have selected its mobile banking solutions. In addition, the number of accounts supported by the platform is growing an average of 10 percent each month.
In conjunction with the growth of Mobiliti, Fiserv expects to double the number of clients that use its Mobile Source Capture solution; an increase that would multiply its number of end users five times. Mobile Source Capture is just one of many functionalities available through Mobiliti, but it can also be offered as a standalone solution.
"More than 1,000 financial institutions have chosen Fiserv to help them launch mobile banking for the first time, or to replace a first-generation service with a more robust solution that accommodates their long-term strategy," said Erich Litch, president, Digital Channels, Fiserv. "Customers of these banks and credit unions are embracing new mobile financial capabilities as they become available, indicating that these services have become a must-have."
In related news, the company has also seeking US$700 million in debt funding, which will be used to repay loans maturing in November.
Tags: [fiserv] [mobile banking]
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