Movenbank, pitching itself as a mobile-centric, cardless and branchless bank, opened up an 'alpha site' last year to trialists and is "working towards" a commercial launch later this year.

Like fellow tech-heavy new entrant Simple, the firm is not actually a bank, instead working with partners that have charters and FDIC insurance while it provides the front-end.

To help it do this, it has now struck deals with Fidelity Information Systems, Tagit Mobile and Geezeo to develop its integrated payments, mobile commerce and personal financial management platforms.

Scott Bales, chief mobile officer, Movenbank, says: "Each of our strategic partners have been hand-picked to deliver Movenbank's vision of creating a world-class mobile centric customer experience, with feedback loops that will help our customers spend, save and live smarter with their money."

Last month the firm raised $2.4 million in seed funding and launched its proprietary CRED relationship and credibility score, which analyses financial data, social influence, and shopping patterns.