Interesting the role Accenture plays in the ecosystem...what if moven turns out not to be the right option...how do you show you are unbiased in your advice? Also great to see how start-ups are helping large financials to transform....
Moven, which pioneered a smart phone banking app that helps users track their money and improve their savings, is expanding internationally with bank alliances and a partnership with Accenture. A U.S. Moven account consists of a MasterCard debit card and an account at CBW Bank, a technologically aggressive bank based in Weir, Kansas. Moven has a licensing agreement with Westpac in New Zealand and has partnered with TD — Toronto-Dominion Bank — in Toronto. In a December story about TD and Moven, Mary Wieniewski at the American Banker wrote: “The agreement comes at a time when banks are struggling to reimagine personal financial management for mobile and determine whether consumers want to do anything that complicated on small screens. Moreover, TD’s move is the latest example of how traditional players are turning to fintech companies to help solve their problems
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