KeyBank launches mobile banking solution in collaboration with mFoundry

mBanking

US financial institution KeyBank is expanding its mobile banking offering with the launch of mFoundry’s mobile banking technology, mBanking (view press release). mBanking is mFoundry’s SaaS, cloud-based mobile banking offering which is, according to the mobile payment provider, in use by around 10 million consumers via 675 financial institutions across the US. KeyBank claims the new mBanking apps for Android and iPhone have been well received by consumers, with adoption “exceeding the expectations of the bank by nearly two-fold.” KeyBank plans to develop its mobile strategy in stages, gradually adding services that can be integrated with the mBanking applications such as mobile deposit.

We put an extensible foundation in place – our mobile financial services network – that will allow KeyBank to roll out new features and enhanced mobile banking services faster in the future, “ said mFoundry co-founder and CEO, Drew Sievers.

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