Cognizant Technology Solutions and Monitise have announced a global alliance to help financial institutions embrace the mobile channel of interaction.

The alliance will also help institutions in developing effective and innovative mobile banking, payments, and commerce solutions, says a press release from Cognizant, a US-based information technology company.

Combining Cognizant’s financial services and mobility expertise with Monitise’s mobile money platform, the alliance will help financial institutions speedily respond to the mobile money opportunity, the release says.

Monitise is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide.

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