Bank of America Takes Stake In Mobile Banking Tech Provider mFoundry

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Mobile financial technology provider mFoundry has raised an undisclosed amount of strategic funding from Bank of America Strategic Investments Corp. Bank of America has some one million customers signed up to its mobile banking service, which uses mFoundry

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Dan Entin

I don't believe Bank of America is an mFoundry client. mFoundry is behind the mobile downloadable banking application that Citibank uses. I'm pretty sure BofA built their own mobile banking website. In that case it's kind of an ironic investment.

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