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Moven Enterprise Goes Global

Smart banking solutions provider Moven Enterprise, a division of Movencorp, is leveraging its success with banks in Canada and New Zealand to help more FIs globally improve customer engagement and build new revenue streams. The company announced this week that it will be bringing its AI-powered digital banking platform to banks in Latin America, APAC, Africa, the Middle East, and Europe – buoyed by a $10 million investment from SBI Group and the establishment of SBI Moven Asia earlier this year.

“Moven has a proven model for success. Several of our client banks’ results tell the story – from significantly reduced attrition rates, positive customer engagement and increased savings behaviors and reduction in spending, Moven is well-positioned to roll-out our enterprise offering to banks around the world,” Moven CEO Marek Forysiak said.

Moven founder Brett King underscored SBI Group’s role in accelerating the company’s opportunities overseas. “SBI’s partnerships with more than 60 banks across Asia give us the opportunity to deploy our solutions quickly and efficiently, offering our Asian customers tailored and localized support and attention,” King said.

Moven Enterprise offers a customizable digital banking platform that enables FIs to boost engagement with solutions to better help their customers manage their spending and savings.  Available as a white-label, software-as-a-service offering, the technology supports instant mobile signup to make new customer acquisition less costly and more efficient, as well as a customer engagement engine that provides real-time spending and savings insights. Moven Enterprise demonstrated new capabilities of the platform – including a wishlist that uses behavioral gamification, a chatbot feature called ChatUI, and a new credit feature – at FinovateAsia 2017.

Founded in 2011, Moven is headquartered in New York City. The company has raised more than $35 million in capital over time, and includes TD Bank and Westpac among its partners.