25 March 2017
visit nextgenbanking.co.uk

Monitise and FIS form strategic partnership

16 December 2011  |  3210 views  |  0 Source: Monitise

Monitise plc (LSE: MONI), has signed a five year strategic partnership agreement with FIS (NYSE: FIS), one of the world's largest global providers dedicated to banking and payments technologies, to create innovative mobile money services for existing and new clients.

The deal is a licensing, development and services agreement that will allow FIS to use Monitise's mobile banking and payments technology and helps deepen and strengthen the existing relationship between the two businesses.

In October, Monitise, which develops and deploys mobile banking, payments and commerce networks worldwide, bought out FIS's 51% stake in the two company's US joint venture, with FIS taking a 3.3% equity stake in Monitise.

Under the terms of the five-year deal, which involves multi-million dollar per annum revenues, FIS and Monitise have created an agile mobile development and deployment team that will help banks and other financial institutions defend and extend their role in the payments industry by creating secure and innovative new products and services.

FIS operates in more than 100 geographic markets and the company's more than 300 solutions represent the industry's most comprehensive array of products and services for the broadest scope of financial markets. Monitise provides mobile services to more than 250 US financial institutions.

"FIS is a clear leader in financial services technology with products and services for financial clients, ranging from small community banks to some of the largest financial institutions in the world. We are delighted to now be entering a new strategic partnership, which will complement FIS's role as a 'go-to' partner for financial institutions in the fast-growing and innovative mobile money marketplace," said Monitise Group Chief Executive Alastair Lukies. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57178 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8843 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8623 views comments | 23 tweets | 37 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7109 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7059 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job