Moven announced last week they would shutter their challenger bank offering and all accounts would be closed by April 30th;...
Moven has agreed to extend its exclusivity rights with TD Bank in Canada for another five years and broaden the agreement to the US; the exclusivity rights in the US are likely to result in a US launch of the partnership's money management tool, the MySpend app, which allows users to track spending and receive notifications; expansion of the white label app from Brett King's Moven is expected to add significant value for the fintech firm. Source
The discussion at American Banker’s annual Digital Banking Conference in Austin last week revolved around new technologies like AI and...
American Banker takes a look at some of the better know digital banks and how they are trying to build...
In his most recent book, Bank 4.0, Moven founder Brett King explains how U.S. banks and regulators are still significantly...
Personal financial management app, Moven, is focusing on helping customers see the bigger picture when it comes to saving; features include savings account balance updates and a wish list timeline which helps keep consumers on track toward their saving goals; other apps such as Digit, Level Money, Chime, Dyme, Qapital and Simple are also providing similar services focused on motivating users to save for longer-term saving goals. Source
Two fintech firms from opposite ends of the world are joining forces to create a digital banking solution for young...
This week, we look at Betterment launching a bank account and payments feature. They are not the first, but they could be the best! Still, it feels like the world has moved on. Barriers to entry around digital finance have collapsed, and shifted industry goal posts. Hundreds of companies are integrating API-based solutions that connect to banking and investment entities. Amazon, Google, and Apple are there already. And let's not forget the incredible pressure from the COVID recession: 20MM+ unemployed, $100 billion decrease in global remittances, 1 in 8 banks being unprofitable. Is it time for incremental improvement, or a sea change?
SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Moven is winding down their personal financial management offering due to the current market; going forward Moven will now focus...