Increasing partnerships in the ecosystem and Financial Services partnering with start-ups to provide more and faster services to their clients! More expected...if legal and compliance departments allow of Banks:)
Canadian bank TD announced a contract with New York-based Movencorp Inc, the world's first real-time mobile money management service, with a target to provide personal finance management to its customers in a smart and innovative way. Under the agreement, TD Bank will get the distribution rights to use Moven's mobile-based financial management software in Canada. The Moven application helps people in budgeting by providing them instant notifications after every transaction, either made by cards or mobile payment tools. This way the users can keep track of their spending and not stray from their set savings target. Moreover, the bank will get an insight into the customers spending behavior, which will aid it in offering personalized services.