Moven announced last week they would shutter their challenger bank offering and all accounts would be closed by April 30th;...
Two fintech firms from opposite ends of the world are joining forces to create a digital banking solution for young...
In his most recent book, Bank 4.0, Moven founder Brett King explains how U.S. banks and regulators are still significantly...
American Banker takes a look at some of the better know digital banks and how they are trying to build...
SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Moven is winding down their personal financial management offering due to the current market; going forward Moven will now focus...
An article in Forbes earlier this month about the traction of digital banks caught my attention. A survey of U.S....
The discussion at American Banker’s annual Digital Banking Conference in Austin last week revolved around new technologies like AI and...
Budgeting app Moven is planning to buy a small bank so they can become a more direct competitor in the banking space; the company’s new partner, SBI Holdings, is investing in Moven to create two entities MovenBank and Moven Enterprise; “We’ll do a digital direct challenger bank without having to run branches,” Moven CEO Brett King said to TearSheet. “That was really the thing we were waiting to see if we could solve because we’re just not interested in doing branch banking.”; the company will look continue allowing banks to leverage their technology with Moven Enterprise then use MovenBank to be a true digital bank alternative. Source.
Moven has agreed to extend its exclusivity rights with TD Bank in Canada for another five years and broaden the agreement to the US; the exclusivity rights in the US are likely to result in a US launch of the partnership's money management tool, the MySpend app, which allows users to track spending and receive notifications; expansion of the white label app from Brett King's Moven is expected to add significant value for the fintech firm. Source