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Westpac has signed an agreement to use some of Moven's digital money management tools.
August 25 -
MoneyDesktop, a personal financial management vendor well-regarded for its design, announced Wednesday an expanded relationship with Moven, a digital money management service tied to a debit card that is issued by CBW Bank.
March 13 -
Lew Goodwin, head of Green Dot Bank, and Alex Sion, president of Moven, hope to draw market share away from traditional banks with their digital banking offerings. One method: telling consumers at all times where their money is.
November 18
Toronto-Dominion Bank has reportedly agreed to use Moven's digital banking and money management technology.
This would be the second such bank partnership for Moven, a branchless "neobank" based in New York and founded by Brett King. In August, Westpac New Zealand announced plans to integrate Moven's software into its online banking platform.
According to
Moven's software is designed to help people stay in control of their money by giving them feedback on their everyday spending. The software tracks and categorizes purchases made with linked cards and accounts. Each time a customer buys something, that person gets a message about her overall spending patterns - for instance, how much she has spent on lattes this month. The app compares the customer's spending with her monthly averages, which helps her determine how much more she can afford to spend.
