Financial engagement and digital experiences platform MovenEnterprise has partnered with Japanese financial services company SBI Holdings, which owns Softbank and is partnered with more than 60 financial institutions across Asia.
This is part of a joint venture agreement between the two in which SBI will bring Moven’s technology into Japan under the Moven brand, offering mobile banking tools to domestic and international banks. The agreement also gives SBI Holdings one of six seats on Moven’s board of directors.
Moven has already partnered with numerous financial institutions, including TD Bank and Westpac in New Zealand. Today’s agreement, however, with SBI is Moven’s first foray into Asia.
Launched at FinovateFall 2016, Moven Enterprise takes a software-as-a-service approach by allowing banks and financial services companies to white-label its financial management technology. Moven Enterprise offers tools to help banks engage with their existing customers, acquire new customers, and drive revenue through their mobile channel.
At FinovateAsia 2017, Moven Enterprise demonstrated a new credit offering, chatbot functionality, and an expansion of its wish list feature that leverages behavioral gamification.
American Banker announced today that Moven’s consumer-facing brand– a challenger bank that launched in 2011– is seeking to acquire a bank, though it has not disclosed which. The company’s founder, Brett King, said the reasoning behind a bank purchase would be to help Moven scale faster and access more services for its customers.
Moven last demoed its consumer-facing platform at FinovateFall 2016 with the launch of a daily digest feature and real-time receipt capabilities. Last June, the company’s enterprise offering, in partnership with Westpac, received the CANSTAR 2017 Innovation Excellence Award.
Moven is transforming the financial experience. The company does this by bringing value to your customers in real-time and driving positive measurable business outcomes for your bank: a true win-win situation.
At FinovateAsia 2017, Moven Enterprise is very excited to demonstrate the increased capabilities of its recently launched Wishlist functionality, in addition to unveiling an all-new credit feature.
Why it’s great
The Moven platform offers a range of innovative, behavior-based features that help banks improve their customers’ financial experience and develop deeper, more trusted customer relationships.
Andrew Clark, VP APAC
Clark has spent over 20 years in financial services in a variety of leadership positions across all financial services domains. He cannot wait to share the latest from Moven at FinovateAsia 2017. LinkedIn
Taylor May Woolsey, Business Development and Marketing
Woolsey is on a mission to make an impact on financial services and to promote financial wellness around the world. Like Andrew, she is excited to share the Moven story at FinovateAsia 2017. LinkedIn
On May 17th, Finovate hosted its first-ever webinar: “How to Make it in the Fintech Industry: 3 Startup Success Stories.” On the panel was Moven CTO Kumar Ampani, Clinc founder and CEO Jason Mars, and Jeff Cain, Director of the Envestnet | Yodlee Incubator as they share insights on what fintech entrepreneurs what they need to know in order to turn their innovations into the solutions, apps, and services of tomorrow.
What does it take turn your fintech startup into one of the industry’s great success stories?
The growth of fintech worldwide is creating more opportunities than ever for entrepreneurs and startups. The same industry that is making it easier for the underbanked to build a financial future is also making cross-border payments cheaper, safer, and more transparent for the world’s largest financial institutions.
And from crowdfunding platforms to chatbots, fintech is the place where the social and the “artificially-intelligent” are partners in helping us save, spend, and invest.
How can startups harness this global opportunity in fintech and turn it into demand for their own innovations and solutions? What does it take to separate your fintech startup from the rest of the pack?