Fort Wayne, Ind.-based Allied Payment Network (Allied), an industry-leading provider of emerging bill pay technologies to financial institutions, announced today it will join the Movencorp (Moven) collaborative ecosystem of banks, credit unions and fintech organizations to help financial institutions capitalize on the $3.9 trillion bill pay market.
Moven is a leading technology provider of intelligent banking solutions designed to improve consumer financial wellness. The companies will work together to leverage bill pay technology and its actionable data insights to make it easier for consumers to manage their finances, and provide competitive advantages and revenue opportunities for financial institutions.
"Bringing together complementary competencies is the key to the future of the financial services industry," said Moven's Chief Revenue Officer Bryan Clagett. "We strive to identify financial institutions and fintechs that desire to reduce the friction of day-to-day banking, and Allied's bill pay technology is a natural fit." Moven also recently announced relationships with Q2, NYDIG, and Blip.
According to Allied's Chief Revenue Officer Jeffrey Harper, "Many financial institutions consider bill pay to be the 'ugly stepchild' of banking—under-appreciated and neglected. But, it is essential that financial institutions modernize in order to stay competitive, especially in today's highly-competitive, hyper-digital world."