Accenture, Moven form pact to develop digital banking products
The companies say they plan to work on next-gen account opening, biometric authentication, real-time marketing and an improved experience for Moven customers.
Accenture and Moven have signed a services agreement to jointly develop next-generation digital banking products, according to a press release. In conjunction with the services agreement, the companies also have entered into an alliance to provide digital banking products that will allow financial institutions worldwide to launch new digital capabilities faster and more cost-efficiently.
The companies said in the announcement that they plan to work on next-generation account opening, biometric authentication, real-time marketing, and an improved experience for Moven customers.
The alliance leverages Moven's mobile-centric banking app and financial wellness products and Accenture's banking industry experience, system integration knowledge, the release said. Additionally, Accenture brings digital capabilities and digital customer focus through Accenture Interactive and its Fjord design and innovation service.
"We set out to change what the world thinks of as a day-to-day bank account, starting from scratch with mobile, and providing customers with advice on spending and savings," said Brett King, Moven's CEO and founder. "The alliance with Accenture will be invaluable in helping us mobilize our services globally as we grow to tens of millions of users in a dozen countries. Accenture's phenomenal footprint with the biggest banks in the world, combined with the digital and end-user experience from Accenture Interactive and Fjord, made it the only choice for this global alliance partnership."