Tech giant Accenture has formed an alliance with neo-bank Moven to develop and sell digital tools to financial services firms around the world.
Under a services agreement the two will work together on design and implementation services related to digital banking, such as next-generation account opening, biometric authentication, and real-time marketing.
Moven initially pitched itself as a mobile-based alternative to traditional banks in its home market of the US but has taken a more cooperative approach in other markets, inking licensing deals with TD Bank in Canada and WestPac in New Zealand.
The company is now hoping to sign up more banks by combining its mobile app and money management expertise with Accenture's FS industry experience and contacts as well as the digital capabilities and customer focus it provides through its Accenture Interactive and Fjord units. Moven says that the partnership has already yielded a contract win with one unnamed bank.
Brett King, CEO, Moven, says: "The alliance with Accenture will be invaluable in helping us mobilize our services globally as we grow to tens of millions of users in a dozen countries."