Moven is a financial technology company that provides a digital banking platform aimed at helping consumers improve their financial wellness. The platform offers real-time spending insights, budgeting tools, and financial advice to empower users to make smarter decisions about their money.

Moven

For over a decade, Moven has been changing the way people view and manage their money. With 14 million users on five continents, Moven's APIs and SDKs support a proven digital solution for challenger banks, whether set up by legacy FIs or fintechs. Moven focuses on enabling banks and non-bank partners to leverage our financial wellness platform driven by unique data insights to acquire, engage, retain, and grow their customer base. 

Today, Moven is also delivering a financial wellness platform with a variety of channel partners to offer a "bank in a box" BaaS for banks and credit unions interested in building out a challenger bank of their own. 

Moven also offers and full service app and select SDKs for companies interested in integrating Moven into a larger platform.

Our innovative, modular platform translates customer data into information and tools that can be used to interpret spending and savings patterns, with individualized experiences that motivate consumers to take action and make changes toward a financially healthy life. 

Moven is the only company to have a patent on Financial Wellness technology in the United States.

Fort Ross Ventures

New York Angels

Anthemis

Standard Bank

Route 66 Ventures

Atlas Ventures

Westpac

SBI Group

TD Bank

Until recently, Liz, a software engineer, stashed all her money in a checking account she had opened 2 years ago as a student. Thousands buit up there despite the paltry interest rate.

In May of 2023, the prospect of earning 4% or more shook her out of her complacency. She transferred $20,000 to a different “bank” offering a yield 5 times higher. 

"I never paid attention. I just left my money in the account," said the 26-year-old, who credits a personal finance podcast with alerting her to better options.

Today’s rate environment is a game changer, combined with frictionless means to move money. You can’t stand by and do nothing. 

We’d like to help. We have several ways that help you attract new customers or members, retain the ones you already have and help you build trust and loyalty. 

Reach out to Talene Shuck, CFMP or Erin C. 

#communitybanking #fintech #digitalbanking #mobilebanking #data #financialwellness #moneymanagement #retailbanking

Americans' personal savings have collapsed by an eye-watering $5.5 trillion since April 2020 thanks to soaring inflation - via  Barchart.com 

What’s your #fintech #creditunion or #communitybank doing to help people sock away cash or grow household wealth? 

Piggy bank savings yields won’t cut it.

The National Institute of Retirement Security reports that approximately 40 million American households have no retirement savings whatsoever. 

On to another subject. How’s that financial literacy program working for you? Consumers need more than literature. They need products and tools that help them manage spending, saving, debt and wealth. 

#finance #fintech #communitybanking #creditunions #personalfinancialwellness #api #ux

#Communitybank profits are expected to decline 23% this year, according to S&P Global Market Intelligence. That’s a tough 💊 to swallow. And scarce deposits are expected to contribute to a lending slowdown. 😱 

There are now fewer than 4,700 U.S. banks, down from about 8,000 in 2010, according to the FDIC. Consolidation will likely speed up, but you don’t have to sit still and do nothing. 

If you’re serious about growing your deposit relationships and finding new ways to reach new markets, we’d enjoy talking with you. 

We have #fintech and #communitybanking experience and experts on our team that are here to help you address the challenges ahead.

COM:MOVEN

Moven

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