20 January 2017
visit http://www.wolterskluwerfs.com

Movenbank brings in tech partners

13 September 2012  |  6976 views  |  1 Fingers on smartphone keypad

Handset-centric start-up Movenbank has struck deals with three vendors for the provision of payment, mobile and personal finance management technology.

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.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 14 September, 2012, 11:08

"Like fellow tech-heavy new entrant Simple, the firm is not actually a bank,...".

On the one hand, we hear that banks are losing trust of the public. On the other hand, we have nonbanks masquerading as banks. Is this because, even in their reportedly tarnished state, banks are still the go to partners for financial services for the common man?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Simple opens doors as CTO Payne moves on

Simple opens doors as CTO Payne moves on

26 July 2012  |  6684 views  |  0 comments
Simple launches iPhone app

Simple launches iPhone app

09 May 2012  |  7427 views  |  0 comments
Movenbank bids to allay Facebook login concerns

Movenbank bids to allay Facebook login concerns

29 November 2011  |  11819 views  |  3 comments
Movenbank names Bales chief mobile officer

Movenbank names Bales chief mobile officer

15 November 2011  |  7400 views  |  1 comments
BankSimple rebrands; opens doors to first customers

BankSimple rebrands; opens doors to first customers

08 November 2011  |  7025 views  |  0 comments
Movenbank promises to 'reboot' banking at Sibos

Movenbank promises to 'reboot' banking at Sibos

19 September 2011  |  14647 views  |  3 comments
Banksimple plans late-2010 launch

Banksimple plans late-2010 launch

23 March 2010  |  7767 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comVisit capgemini.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
15364 views comments | 85 tweets | 108 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
12383 views comments | 48 tweets | 42 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
10615 views comments | 30 tweets | 20 linkedin
hands typing furiouslyBlockchain: Time To Get Your Feet Wet
7301 views 0 | 24 tweets | 9 linkedin
RBI told the time is right to digitise the RupeeRBI told the time is right to digitise the...
7254 views comments | 14 tweets | 12 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job