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Undid revision 853030747 by Kmorganmoven (talk) inadequately sourced, promotional, and conflict-of-interest: the usual trifecta
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{{Orphan|date=March 2015}}
{{Orphan|date=March 2015}}


'''Moven''' is a mobile financial service provider operating in the United States. Moven was founded in 2011.<ref>{{cite web|last=Myers|first=Courtney|title=Movenbank: The world’s first cardless bank launches in Alpha|url=https://thenextweb.com/insider/2011/10/03/movenbank-the-worlds-first-cardless-bank-launches-in-alpha/|publisher=The Next Web|accessdate=18 January 2013}}</ref> by Brett King, best-selling author of Bank 2.0; 3.0 and 4.0 expected August 2018.<ref>[http://www.growthbusiness.co.uk/news-and-market-deals/fundraising-deals/2115873/movenbank-deposits-and3624-million-of-seed-capital.thtml Movenbank deposits .4 million of seed capital<!-- Bot generated title -->]</ref> Moven's mobile payments system relies on [[Near field communication|NFC technology]], available via contact stickers placed on users' mobile devices.<ref>{{cite web|last=Greenemeier|first=Larry|title=Android Embraces, iPhone 5 Passes on Near-Field Communication Data Sharing|url=http://www.scientificamerican.com/article.cfm?id=near-field-communication-security-purchase|publisher=Scientific America|accessdate=18 January 2013}}</ref> Moven's current product offerings allow users to track their financial wellness using Moven's proprietary tools: CRED Score, MoneyPulse and MoneyPath, and a financial personality test.<ref>[http://www.americanbanker.com/btn/25_5/innovators-of-the-year-movenbank-brett-king-1048912-1.html "A Vision for 'Frictionless' Banking"]. ''American Banker'', 1 May 2012.</ref> Moven launched its mobile banking and mobile payment services in 2013.
'''Movencorp, Inc.''' is the parent company of Moven and Moven Enterprise, headquartered in NYC with dedicated employees around the globe.


Because of its innovative approach to banking, Moven has been featured in [[American Banker]],<ref>{{cite web|last=Crossman|first=Penny|title=The Future of Banking Is All About Context: Brett King|url=http://www.americanbanker.com/issues/178_10/the-future-of-banking-is-all-about-context-says-brett-king-1055820-1.html|publisher=American Banker|accessdate=18 January 2013}}</ref> BetaKit,<ref>{{cite web|last=Bury|first=Erin|title=Mobile Banking Startup Movenbank Raises $2.4million, Launches CREDscore tool|url=http://betakit.com/2012/08/10/mobile-banking-startup-movenbank-raises-2-4m-launches-credscore-tool|publisher=BetaKit|accessdate=18 January 2013}}</ref> [[BRW (magazine)|BRW]],<ref>{{cite web|last=Cameron|first=Mark|title=Banking on Social Media|url=http://www.brw.com.au/p/marketing/banking_on_social_media_X2wntqsrKw8jWnVsjRPgBJ|publisher=BRW|accessdate=18 January 2013}}</ref> and PSFK<ref>{{cite web|last=Bailly|first=Nestor|title=Banking Startup Uses Social Influence to Calculate Credit Score|url=http://www.psfk.com/2012/08/social-influence-credit-score.html|publisher=PSFK|accessdate=18 January 2013}}</ref>
Moven, (moven.com) founded in 2011, is the well-known, direct to consumer financial wellness mobile banking app, described by ''Wired, Forbes'' and the ''New York Times'' as the “Bank of the Future”. Moven's app, debit card, and advice-driven savings tools provide real-time, personalized spending insights that motivate customers to make smarter decisions, helping them ‘spend, save & live smarter’.

Moven Enterprise, (movenenterprise.com)launched in 2016 with TD Bank, is an innovative technology platform which banks can use to help attract, retain and grow their customer base; deepening customer relationships.


==Organization & funding==
==Organization & funding==
In August 2012, Moven announced that it had closed a $2.4million seed investment round,<ref>[http://www.altassets.net/private-equity-news/by-news-type/deal-news/mobile-banking-company-movenbank-seals-2-41m-seed-funding.html Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News<!-- Bot generated title -->]</ref> funded by Moven's founders, [[Anthemis Group]], [[Raptor Ventures]], [[Kevin Plank]] (CEO of Under Armour), and a syndicate of Singaporean investors.<ref>{{cite web|last=Finkle|first=Victoria|title=Movenbank Raises $2.4M in Seed Funding|url=http://www.americanbanker.com/issues/177_154/movenbank-raises-2M-in-seed-funding-1051729-1.html|publisher=American Banker|accessdate=18 January 2013}}</ref> In 2013, a fintech VC fund [[Life.SREDA]] invested $2 million in the Movenbank.<ref>[http://www.ewdn.com/2013/08/30/russias-life-sreda-injects-2-million-in-us-startup-to-build-worlds-first-cardless-bank/ 'Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”']. ''East-West Digital News''.</ref>
Updated content in progress by Movencorp, Inc.


==Technology==
==Technology==
Moven's payment system uses [[Near field communication|NFC (Near Field Communication)]] technology in the form of a sticker placed on the user's [[smartphone]].<ref>{{cite web|last=Upbin|first=Bruce|title=Tap-To-Pay Smartphones: The Coming Near Field Communications Tsunami|url=https://www.forbes.com/sites/ciocentral/2012/04/23/tap-to-pay-smartphones-the-coming-near-field-communications-tsunami/|publisher=Forbes|accessdate=18 January 2013}}</ref> This sticker will allow users to pay for goods and services in the United States where [[MasterCard]] is accepted
Moven's tunkey, easy to implement technology solutions delivers an advice-driven, AI-augmented Personal Financial Experience. See related Celent report: https://www.celent.com/insights/774153681. Global banks can select and customize Moven widgets and services to deliver a unique embedded app. There are 3 key ways to access our solutions: 1. Open APIs  2. SDK embedded widgets, hybrid or 3. Moven's Companion App.

For more information, please email karen@moven.com.


== References ==
== References ==
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== External links ==
== External links ==
* {{official|http://www.moven.com}}
* {{official|http://www.movenbank.com}}


[[Category:2011 establishments in the United States]]
[[Category:2011 establishments in the United States]]

Revision as of 23:50, 1 August 2018

Moven is a mobile financial service provider operating in the United States. Moven was founded in 2011.[1] by Brett King, best-selling author of Bank 2.0; 3.0 and 4.0 expected August 2018.[2] Moven's mobile payments system relies on NFC technology, available via contact stickers placed on users' mobile devices.[3] Moven's current product offerings allow users to track their financial wellness using Moven's proprietary tools: CRED Score, MoneyPulse and MoneyPath, and a financial personality test.[4] Moven launched its mobile banking and mobile payment services in 2013.

Because of its innovative approach to banking, Moven has been featured in American Banker,[5] BetaKit,[6] BRW,[7] and PSFK[8]

Organization & funding

In August 2012, Moven announced that it had closed a $2.4million seed investment round,[9] funded by Moven's founders, Anthemis Group, Raptor Ventures, Kevin Plank (CEO of Under Armour), and a syndicate of Singaporean investors.[10] In 2013, a fintech VC fund Life.SREDA invested $2 million in the Movenbank.[11]

Technology

Moven's payment system uses NFC (Near Field Communication) technology in the form of a sticker placed on the user's smartphone.[12] This sticker will allow users to pay for goods and services in the United States where MasterCard is accepted

References

  1. ^ Myers, Courtney. "Movenbank: The world's first cardless bank launches in Alpha". The Next Web. Retrieved 18 January 2013.
  2. ^ Movenbank deposits .4 million of seed capital
  3. ^ Greenemeier, Larry. "Android Embraces, iPhone 5 Passes on Near-Field Communication Data Sharing". Scientific America. Retrieved 18 January 2013.
  4. ^ "A Vision for 'Frictionless' Banking". American Banker, 1 May 2012.
  5. ^ Crossman, Penny. "The Future of Banking Is All About Context: Brett King". American Banker. Retrieved 18 January 2013.
  6. ^ Bury, Erin. "Mobile Banking Startup Movenbank Raises $2.4million, Launches CREDscore tool". BetaKit. Retrieved 18 January 2013.
  7. ^ Cameron, Mark. "Banking on Social Media". BRW. Retrieved 18 January 2013.
  8. ^ Bailly, Nestor. "Banking Startup Uses Social Influence to Calculate Credit Score". PSFK. Retrieved 18 January 2013.
  9. ^ Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News
  10. ^ Finkle, Victoria. "Movenbank Raises $2.4M in Seed Funding". American Banker. Retrieved 18 January 2013.
  11. ^ 'Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”'. East-West Digital News.
  12. ^ Upbin, Bruce. "Tap-To-Pay Smartphones: The Coming Near Field Communications Tsunami". Forbes. Retrieved 18 January 2013.
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