Moven: Difference between revisions
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'''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. |
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'''Movencorp, Inc.''' is the parent company of Moven and Moven Enterprise, headquartered in NYC with dedicated employees around the globe. |
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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> |
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'''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’. |
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'''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. |
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==Organization & funding== |
==Organization & funding== |
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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> |
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Updated content in progress by Movencorp, Inc. |
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==Technology== |
==Technology== |
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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 |
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Moven's 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. |
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== References == |
== References == |
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== External links == |
== External links == |
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* {{official|http://www. |
* {{official|http://www.movenbank.com}} |
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[[Category:2011 establishments in the United States]] |
[[Category:2011 establishments in the United States]] |
Revision as of 02:15, 2 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
- ^ Myers, Courtney. "Movenbank: The world's first cardless bank launches in Alpha". The Next Web. Retrieved 18 January 2013.
- ^ Movenbank deposits .4 million of seed capital
- ^ Greenemeier, Larry. "Android Embraces, iPhone 5 Passes on Near-Field Communication Data Sharing". Scientific America. Retrieved 18 January 2013.
- ^ "A Vision for 'Frictionless' Banking". American Banker, 1 May 2012.
- ^ Crossman, Penny. "The Future of Banking Is All About Context: Brett King". American Banker. Retrieved 18 January 2013.
- ^ Bury, Erin. "Mobile Banking Startup Movenbank Raises $2.4million, Launches CREDscore tool". BetaKit. Retrieved 18 January 2013.
- ^ Cameron, Mark. "Banking on Social Media". BRW. Retrieved 18 January 2013.
- ^ Bailly, Nestor. "Banking Startup Uses Social Influence to Calculate Credit Score". PSFK. Retrieved 18 January 2013.
- ^ Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News
- ^ Finkle, Victoria. "Movenbank Raises $2.4M in Seed Funding". American Banker. Retrieved 18 January 2013.
- ^ 'Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”'. East-West Digital News.
- ^ Upbin, Bruce. "Tap-To-Pay Smartphones: The Coming Near Field Communications Tsunami". Forbes. Retrieved 18 January 2013.