Moven Archives - Page 8 of 11

Alumni News– January 6, 2015

By David Penn Posted on January 6, 2015
Categories: Bluefin Payment Systems, CashStar, Fenergo, Fidor Bank, Global Debt Registry, Insuritas, Kreditech, Malauzai Software, Moven, P2BInvestor, PayPal, Personal Capital, Realty Mogul, Settle, TSYS

Accounts Receivable Management takes a look at Global Debt Registry.

Moven launches budgeting app on Motorola Moto 360 and Samsung Gear smartwatches.

TSYS names Thomas Boyer president of TSS Merchant Solutions.

Paymentandbanking.com recognizes Kreditech as FinTech Startup of 2014.

St. Louis Biz Talk quotes Malauzai Software’s Robby Ganer in a column on what to expect from mobile banking this year.

Gift cards from CashStar to be integrated into eBay Marketplace and PayPal Digital Gift store.

Fidor Bank plans for U.S. launch with undisclosed local bank partner.

Silicon Republic profiles senior Java developer at Fenergo, Sheila Fernandez.

FinovateEurope early bird deadline extended through this Friday, January 9. Lock in your spot and we’ll see you in London.

Ukraine-based Settle launches restaurant pre-order app in San Francisco.

Personal Capital now manages $1+ billion in investments for clients. It tracks $120 billion for 700k registered users.

Northpointe Bank hires Insuritas to power its insurance agency.

P2Binvestor names Krista Morgan CEO.

Bluefin Payment Systems announces its PCI-validated, point-to-point encryption solution, PayConex, is now certified for mobile payments.

Jilliene Helman, founder and CEO of Realty Mogul, earns a spot on Forbes’ list of “30 Under 30 Rising Stars of Enterprise Technology.”

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Moven Goes Wearable with Motorola Moto 360 and Samsung Gear

By David Penn Posted on January 5, 2015
Categories: Moven

With the announcement that its PFM app will be available on Motorola’s Moto 360 and Samsung Gear smartwatches, Moven is showing just how affectionate fintech’s relationship with wearable technology can be.

As quoted in American Banker, Moven founder and CEO Brett King sees wearable technology as delivering the key real-time financial feedback that is critical in making financially-savvy behavioral changes. Focusing on specific spending decisions rather than psychology, King calls his solution “day-to-day gamification of financial wellness.”

Moven’s app works differently from traditional PFM budgeting apps in some ways. Referred to as “anti-budget” in a review by VentureBeat, Moven’s technology includes a debit card and an app that tracks spending in real-time. Notifications and alerts are sent when spending nears or reaches pre-set levels. Monthly spending is also tracked by category.

What’s interesting about redesigning mobile apps for smart watches is the way it will sharpen the focus. What information will a consumer want at a glance at the wrist? Because the smaller form factor, developers will need creative ways to communicate PFM data as quickly as consumers can tell time.

Here’s a look at how Moven plans to do it:

Moven’s emphasis on notifications (King calls them “key to engagement”) is in sync with comments King has made previously about wearables and financial technology. In a roundtable discussion led by The Financial Brand’s Jim Marous, King pointed out that the device is just another channel. “I don’t think wearables per se is the key here,” he said.

“The more important issue is understanding context and what data the customer needs to make a decision. Banks need a feedback or personal data strategy for customers independent of the device.”

Founded in 2011 and based in New York, Moven says it has “tens of thousands” of cardholders, with “hundreds of thousands” having downloaded the app. The company expects to have a total of more than 10 million users by the end of 2015.

Moven announced partnerships with TD Bank and Westpac New Zealand in the second half of 2014, as well as raising an additional $8 million in new funding, taking the company’s total to more than $12 million. Moven demoed its mobile banking technology at FinovateEurope 2013 in London, earning Best of Show honors.

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Alumni News– December 1, 2014

By David Penn Posted on December 1, 2014
Categories: Azimo, Check Point, FreeAgent, MasterCard, Moven, NICE Systems, PayPal, Sandstone, Segmint, Tagit, Zopa

TechCrunch takes a look at PayPal’s plans for bitcoin integration.

Zopa to provide financing for Flowgroup customers.

Azimo introduces £1 money transfers to Lithuania.

MasterCard announces launch of MasterPass in UAE.

Call capture technology from NICE Systems now compatible with Speakerbus iTurrent dealer board.

FreeAgent named “Practice Software Product of the Year” at 2014 British Accountancy Awards.

Zopa takes additional step to authenticate users.

Adelaide Bank signs Sandstone Technology to deliver new loan origination system.

Check Point Software launches Check Point Capsule to protect business data and mobile devices, everywhere.

Crain’s Cleveland Business features Segmint in the hot fintech market.

Maybank Singapore updates Tagit-powered mobile banking app.

Bank Technology News Report: TD Bank to Use Moven’s Money Management Software.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– October 28, 2014

By David Penn Posted on October 28, 2014
Categories: BillGuard, Check Point, CRIF, InComm, Malauzai Software, Moven, Narrative Science, Silanis Technology, Social Money

Silanis Technology launches eSignLive for Sharepoint.

CRIF announces acquisition of Dun & Bradstreet UAE in Dubai.

National Health Service website, NHS Choices, chooses Quill from Narrative Science.

Check Point Software announces availability of Check Point Capsule, a mobile solution that offers protection for business data and devices.

InComm partners with Groupo BB e Mapfre to enable consumers to purchase insurance from local vending machines and retailers in Brazil.

BillGuard now uses geolocation to detect credit card fraud.

H&R Block turns to Social Money to promote goal-based savings for Emerald Card customers.

Check out a spooky clip from Moven about paranormal spending activity.

Southern Bank Selects Malauzai Software for Mobile Banking to Ensure Bill Pay Integration, Provide Customers with PicturePay.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– September 15, 2014

By David Penn Posted on September 15, 2014
Categories: Allied Payment Network, Betterment, Braintree, Coinbase, Feedzai, HelloWallet, Kalixa, Lending Club, Monitise, Moven, ProfitStars, Rippleshot, SocietyOne

Moven CEO Brett King says Apple Pay anticipates the end of physical bank cards.

United Way Worldwide now accepts bitcoin courtesy of Coinbase.

Monitise releases fiscal year 2014 financial results; announces new strategic partnership with Santander.

Business Spectator looks at how Apple, Google, Lending Club, and SocietyOne are part of “banking’s double disruption.”

Allied Payment Network announces integration of FlexPay with PicturePay.

Feedzai teams up with Azul Systems to speed its real-time data analysis.

The Washington Post features Betterment and HelloWallet.

Millicom and Kalixa partner to offer payment acceptance services for businesses and consumers in Africa and Latin America.

ProfitStars introduces Gladiator Hosted Network Solutions to enable FIs to move their IT infrastructures to the cloud.

Rippleshot, Braintree highlighted in Chicago Tribune column as examples of local contributors to the commerce infrastructure.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– August 25, 2014

By David Penn Posted on August 25, 2014
Categories: Betterment, BillGuard, Dynamics, Financial Guard, FutureAdvisor, Geezeo, inStream Solutions, Jemstep, Kabbage, Lending Club, Motif Investing, Moven, On Deck Capital, Prosper, SigFig, Top Image Systems, Wealthfront

San Antonio Federal Credit Union to integrate Geezeo PFM technology.

On Deck partners with Worldpay to provide access to financing for small and medium-sized merchants.

PaymentsSource features Dynamics ePlate among its list of “7 unusual emerging payments technologies.”

Drippler.com reviews BillGuard.

Top Image Systems announces patent for full page mobile image processing.

The New York Times profiles Financial Guard, Motif, Betterment, FutureAdvisor, Jemstep, SigFig and Wealthfront .

InStream Solutions launches comparison tool.

Moven expands internationally, signs deal with New Zealand-based Westpac.

HuffPo profiles Prosper, Lending Club, and Kabbage in column on the rise of online lending.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– July 29, 2014

By Julie Muhn (@julieschicktanz) Posted on July 29, 2014
Categories: Betterment, Concur, Financial Guard, FutureAdvisor, Jemstep, Loop, Moven, Numbrs, Open Bank Project, Pellucid Analytics, Personal Capital, SigFig, Thinknum, Wealthfront, Xero

Concur partners with Uber to allow Concur users to link their accounts and automatically send Uber receipts to their expense reports.

The Financial Brand looks at opportunity for banks and credit unions in the Loop Visa partnership.

Open Bank Project making its API available during hackathon in September.

TechCrunch explores Pellucid Analytics’ take on PowerPoint pitch books.

Seed Me! Thinknum raises $1 million in seed funding round.

Feature on robo-advisors highlights seven alums: Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, and Wealthfront.

Macwelt reviews banking app Numbrs.

Bank Systems & Technology points to Moven as a nontraditional financial service provider “gunning” for banks.

Xero partners with MarketInvoice to bring faster funding to UK businesses.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Moven Raises $8 Million to Help Launch Overseas Expansion

By Julie Muhn (@julieschicktanz) Posted on July 1, 2014
Categories: Moven

Growing the business and expanding offshore are now possible thanks to the $8 million (£4.7 million) in funding just raised by Moven.

Leading the series A round was SBT Venture Capital. Among those also participating were:

Anthemis Group
New York Angels
Route 66 Ventures
Standard Bank

Additional unnamed angel investors were also involved in the round. This latest investment takes Moven’s total capital to more than $12 million.

Moven founder and CEO Brett King broke the news at the Wired Money conference on Tuesday. And as reported in Wired UK, Moven will also be announcing two major partnerships, one in Canada and one in New Zealand, that Brett believes will help take the company closer to its 10 million app download goal.

Moven helps consumers better control their spending and manage their finances without traditional budgeting. What is compelling is the way Moven tracks not just whether spending is above or below trend, but also where the extra spending is coming from. This gives users a great deal of insight, as well as a lot of control over spending and saving. Moven’s technology includes a mobile app, a debit card, and a contactless sticker.

Moven emerged from beta this spring after receiving more than 100,000 invite requests from eager, would-be early adopters. Shortly afterward, the company announced that it had partnered with fellow Finovate alum, MoneyDesktop, to make it easier for Moven users to aggregate their outside accounts.

Moven was founded in March 2011, and is headquartered in New York City.

Winner of a Best of Show award for their demo at FinovateEurope 2013, Moven was last on the Finovate stage for FinovateSpring 2013 in San Francisco. See a demo of the company in action here.

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Moven Partners with MoneyDesktop to Enhance Account Aggregation

By Julie Muhn (@julieschicktanz) Posted on March 13, 2014
Categories: MoneyDesktop, Moven

Last week, Moven launched its mobile money management platform to the public. Apparently, the New York-based startup has been busy because today it announced that its partnering with MoneyDesktop, which is known for its PFM platform that is so visually appealing it will make bankers drool.

This new partnership is all about the magic that happens on the backend. Moven will be using MoneyDesktop’s API to aggregate external accounts. Benefits of using MoneyDesktop’s API include:

Better account aggregation
More accurate transaction categorization
Faster transaction updates

This is good news for me personally since I’ve had difficulty syncing two of my outside bank accounts with Moven (see below).

MoneyDesktop takes pride in its account aggregation. I caught up with MoneyDesktop’s Matt West last week at the Bank Innovation conference in Seattle, and he asserted that, regardless of what the front end of MoneyDesktop’s budgeting platform looks like, the real value is in the integration. MoneyDesktop is able to compete with giants like Intuit and Yodlee because it categorizes 98%* of the transactions correctly.

Moven joins the 400+ other financial institutions and the 29 online banking, core and payment network providers that use MoneyDesktop’s API for account integration.

To see the companies in action, check out Moven’s FinovateSpring 2013 demo and MoneyDesktop’s most recent demo from FinovateFall 2013.

*This number represents the success rate of transactions being categorized correctly after they’ve gone through MoneyDesktop’s complete system. It comes from a sampling of transactional data pulled from across the U.S.

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Finovate Alumni News– March 11, 2014

By Julie Muhn (@julieschicktanz) Posted on March 11, 2014
Categories: Actiance, Check Point, EyeVerify, Kashoo, Lending Club, Lighter Capital, Monitise, Moven, Prosper, SafetyPay, TradeHero, Xero

Lighter Capital provides $1 million in growth funding to 3 tech startups.

Check Point collaborates with VMware to provide network security for the private cloud.

Monitise now offers mobile alerting software as a standalone product.

Moven launches its mobile-first bank to public.

ClickZ features Actiance’s compliance specialist, Joanna Belbey.

SafetyPay and GlobalShopex partner to provide a secure international shipping solution for U.S. ecommerce sites.

MacWorld Business lists Kashoo and Xero among their favorite online business accounting apps.

Wells Fargo reversal on P2P loan ban for staff is good news for companies like Lending Club and Prosper.

Kansas City Star features local biometric security startup, EyeVerify.

TradeHero launches Android version of their stock market simulation app.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Moven Launches its Mobile-First Bank to Public

By Julie Muhn (@julieschicktanz) Posted on March 10, 2014
Categories: Moven

After the Simple superstorm a couple of weeks ago, another neobank darling, Moven, is making headlines with the announcement that it is launching out of beta to the general public.

Now that it’s no longer limited to invite-only, anyone can sign up for the New York-based startup’s platform. Additionally, new users have the option to open a Moven account directly from their mobile device, as seen below.

In a blog post on Friday, TechCrunch reported the following stats about Moven:

Has 5,000 registered users
Received more than 100,000 requests for invites
Helps manage over $300 million in customer spending (this is not funds under management, which Moven declines to disclose).
About 60% of users link at least 2 external accounts

Check out Moven’s live demo video from FinovateSpring 2013 and its Best of Show winning demo from FinovateEurope 2013.

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Finovate Alumni News– March 8, 2014

By Julie Muhn (@julieschicktanz) Posted on March 7, 2014
Categories: Actiance, BBVA, Braintree, Kensho, Loop, Moven, Numbrs, On Deck Capital, PayPal, Simple

Actiance partners with Shoutlet to integrate Shoutlet’s social marketing capabilities with Actiance Socialite.

PayPal’s Braintree to waive the first $50k of processing fees for startups building on its platform through its new Ignition program.

On Deck raises $77 million in funding round led by Tiger Capital.

Mechanics Bank’s Bradley Leimer takes a look at the lessons from BBVA’s acquisition of Simple.

Simple, Moven, and Numbrs are listed in American Banker’s feature “6 Apps That Are Making Bankers Jealous.”

Recode reviews Loop. Check out its new payment tech at FinovateSpring next month.

The Tally’s Financial News Fintech Focus column features Kensho.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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