IT services and consulting giant Cognizant and Mobile banking company Monitise have announced the creation of a global alliance to promote mobile engagement within finical institutions.

The alliance is designed to help global financial institutions to respond to the movement towards mobile financial services.

Alastair Lukies, Chief Executive of Monitise Group, said: “Our strategy involves extending our Monitise Enterprise Platform to the world’s leading banks and payment companies to help them improve and expand their customer relationships.”

Prasad Chintamaneni, Senior Vice President and Global Head of Cognizant’s Financial Services practice commented that, “By combining Cognizant’s extensive expertise and experience in delivering innovative domain and technology solutions to financial institutions with Monitise’s acclaimed platform-based mobile solutions, we are well positioned to help our clients develop compelling mobile banking, payments, and commerce solutions”.